There are plenty of places all over the country right now that are experiencing impressive real estate booms, and southeast Idaho is one of them. The area has so many new homes that are selling at fantastic prices, and it’s one of the best places you should consider if you are looking for some investment properties. If you want to see the reasons why you should consider buying real estate in southeast Idaho, keep reading!
What is located in Southeast Idaho?
This area of Idaho is a nature lovers’ dream, and it contains many smaller cities that have started to gain popularity. The area is also located right below Idaho Falls, and many people consider it to be part of the southeastern Idaho area, although it is technically a separate county. Take a look at some of the fantastic cities that are considered to be part of southeastern Idaho:
- Soda Springs
- Lava Hot Springs
- Malad City
Southeastern Idaho has plenty of fantastic features and small towns that are full of charm. These smaller cities are perfect for anyone who wants to live closer to nature, and many of them are well-known by locals for their excellent trails and natural features. Let’s check out a few of these cities individually so you can see why you should consider investing in some of their outstanding real estate.
The city has a population of about 54,000 residents, and it is one of the largest towns in the county. The median home value is in the 300k range, and the cost of living is about 14% less than the rest of the country. The town is home to Idaho State University and a newly built FBI data center, which has brought plenty of great jobs to the local economy.
Another great town in the area is Blackfoot which has about 11,00 residents and a flourishing potato industry. It is known as the “Potatoe Capitol of the World,” and it’s full of fantastic potato-related attractions for visitors to come and see. The median home value for Blackfoot is just above the $350k range, and the cost of living is about 14% less than the rest of the country, which means it’s an excellent place to consider if you are looking to save for the future.
Lava Hot Springs
Lava Hot Springs is aptly named after the hot springs that run through the city, and it has become one of the most popular places in the area for traveling vacationers who want to enjoy some time relaxing in the naturally warm water.
This is a tiny town with about 400 residents, but it has always received a hefty income from the locals for its incredible natural features. The home prices in the area are in the upper 600k range, but there are plenty of smaller homes and townhouses that are excellent options for those who are looking for investment properties.
What Makes this Area so Unique?
Many people have started to reconsider more rural areas for their next move due to the rise in work-from-home and freelance-style work that allows for more flexibility regarding location. Being untethered from a job has made it much easier for people to move out of more populated areas (where they would typically need to be working in person) that are often more expensive and move into smaller cities closer to nature. Metro cities have become too loud and crowded for many people, and small towns have started to see quite a migration from the big cities.
The pandemic also made many people really consider how little time they spend outdoors in nature which has led to a housing sale increase in many cities that are popular with outdoor enthusiasts.
Idaho has an incredible winter season that provides the local mountains with plenty of snow for skiing and snowboarding, but the summer months are calmer than in many other states, so people love to visit for an enjoyable hike or a fun mountain biking adventure.
There are so many amazing ways you can enjoy the beautiful outdoors in Idaho, which could be one of the reasons so many people have gravitated toward the area for their new homes.
Southeast Idaho has so many great things going for it, and it’s a fantastic place to consider if you are looking to buy new homes or investment properties. These smaller cities are only going to get better and better as time goes on, which means their real estate prices will likely start to rise. It’s a good idea to get in on it while the prices are still this low so you can make a bit of money from the sale in the next few years.