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Good News for Idaho Falls Investors

Web Admin - Saturday, January 26, 2013

Idaho Falls Offers a Lot of Potential Due to its Current and Expected Growth

  • According to Inman Research, Idaho Falls is on the “top ten” list of small towns expecting rapid growth over the next 10 years.
  • 50+ new multi-family units are under construction.
  • Melaleuca is constructing a new 350,000 square foot facility plus a 6,000 acre commercial/industrial business park for future growth.
  • A large manufacturing business is expanding into Ucon.
  • Manufacturing jobs fuel growth due to the fact that whenever a manufacturing job is created there is a need for additional service jobs, housing, and retail.
  • Vacancy rates for the area are consistently low compared to the national average.
  • Value indicators in the Idaho Falls market based on 19 sales in 2012 are as follow: GRM ~ 7.7; Cap Rate ~ 8.0; Price/unit ~ $50,300; and Price/SF ~ $57.00. REO sales are down 80% for multifamily in 2012 vs 2011.