myIDhomes | Real Estate & Property Management
Cost of Living in the Treasure Valley, Idaho
The Treasure Valley, encompassing cities like Boise, Meridian, and Nampa, offers a relatively affordable cost of living compared to many other growing regions in the United States. Here’s a detailed look at various aspects of the cost of living in this vibrant area:
Here Are Some Things to Know Before You Buy In the Treasure valley Idaho
Cost of Living
Housing
Home Prices: The median home price in the Treasure Valley has seen significant growth due to the influx of new residents. As of recent data, the median home price in Boise is around $450,000, with prices slightly lower in surrounding cities like Nampa and Caldwell.
Renting: Rental prices are also on the rise, with the average monthly rent for a one-bedroom apartment in Boise hovering around $1,200, and slightly lower in neighboring cities.
Property Taxes: Property taxes in Idaho are relatively moderate, which can be a financial advantage for homeowners.
Utilities
Electricity: The average monthly electricity bill for residents is approximately $100, depending on the size of the home and usage patterns.
Water and Sewer: Water and sewer costs average around $50 to $70 per month.
Internet and Cable: High-speed internet and cable packages typically range from $60 to $120 per month.
Food and Groceries
Grocery Costs: Grocery prices in the Treasure Valley are about on par with the national average. A typical monthly grocery bill for a family of four can range from $600 to $800.
Dining Out: Dining out is affordable, with a meal at a mid-range restaurant costing about $15 to $30 per person.
Taxes
Income Tax: Idaho has a state income tax that ranges from 1.125% to 6.925% depending on income levels.
Sales Tax: The state sales tax is 6%, which is applied to most goods and services.
FAQS
What services does myIDhomes offer?
myIDhomes provides comprehensive real estate services including buying, selling, and property management in Idaho.
How can I find the latest property listings?
Our Real Time Listing feature gives you access, sign up today for the latest property listings as soon as they become available.
What is included in your property management services?
Our property management services include tenant screening, lease management, maintenance, and financial reporting to ensure your investments are well taken care of.
How can I schedule a property viewing?
You can schedule a property viewing by contacting us through our website, phone, or email. Our team will arrange a convenient time for you to visit the property. Call (208) 631-1396
What areas in Idaho do you serve?
myIDhomes serves various locations throughout Idaho, offering local expertise and in-depth knowledge of the Idaho real estate market.
How do you determine the value of a property?
Our Property Analysis service provides comprehensive evaluations, including market trends and a Comparative Market Analysis, to determine the true value of a property.
What should I look for in a rental property contract?
Our Rental Property Contracts service ensures that all rental agreements are legally compliant and tailored to protect your interests, covering important aspects like lease terms, tenant responsibilities, and property maintenance.
What makes myIDhomes different from other real estate agencies?
With 10 years of industry experience, myIDhomes offers a combination of local knowledge, personalized service, and a proven track record to ensure you receive the best real estate and property management services.
How can I get started with buying a home?
To get started you can register for our Real Time Listings or contact our team for personalized assistance and we’ll guide you through the entire buying process from start to finish. or Call (208) 631-1396
How can I contact myIDhomes?
You can contact us through our website’s Contact Form, by phone, or by email. Our team is ready to assist you with all your real estate and property management needs. Call (208) 631-1396
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