July 2025 Rental Market and Investment Update

Johnson Property Management LLC | Boise, ID | July 2025

The number of U.S. housing markets experiencing falling home prices has jumped significantly, rising to 110 of the 300 largest metro areas—up from just 31 in January. According to the Zillow Home Value Index, national home prices rose by only 0.2% year-over-year from June 2024 to June 2025, a substantial slowdown from the 3.2% increase observed between June 2023 and June 2024.This trend of price declines has steadily expanded throughout the year. In January, only 31 of the top 300 housing markets (10%) had year-over-year declines. That number rose to 42 in February (14%), 60 in March (20%), 80 in April (27%), 96 in May (32%), and has now reached 110 in June (36%). This progression reflects a clear shift in the market dynamic, as supply-demand imbalances increasingly tilt in favor of buyers amid affordability challenges and a cooling post-boom environment. Read more

June 2025 Rental Market and Investment Update

Johnson Property Management LLC | Boise, ID | June 2025

As we head into the heart of summer, national housing trends continue to show signs of softening. According to Redfin, the U.S. housing market now has nearly 500,000 more sellers than buyers. This growing supply imbalance is raising questions about home values, particularly as volatile interest rates and post-pandemic shifts in demand start to take their toll. Idaho is not immune to this trend—only 14.4% of homes in the state sold above list price last month, a decline of 2.2 percentage points compared to a year ago. At the same time, 30.8% of Idaho homes experienced price drops, up from 29% in April of last year. These indicators reflect a cooling housing market statewide, aligning with national patterns of price correction and waning demand. Read more

Spring 2025 Rental Market and Investment Update

Spring 2025 Rental Market and Investment Update from Johnson Property Management, LLC.

As we move deeper into 2025, the rental market across Boise and the greater Treasure Valley is showing clear signs of transition. After several years of rapid growth and high demand, the local housing landscape is shifting toward balance — offering both opportunities and new considerations for renters and property owners alike.

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2024 Rental Market and Investment Summary

For many years we at JPM, LLC have done a year end rental market summary for our property/owner clients.  We have split the summary into 3 sections. The bad, which are obviously the market factors negatively affecting the rental market and investments, the good, and an outlook for the 2025 rental market. So here we go! We’ll start with the bad news first.

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