Boise, located in the southwestern corner of Idaho, USA, is one of the cities that has been experiencing a faster rate of growth than any other state in the country for the past five years. Metropolitan areas have reported population growth at the rate of national population change or faster. This is due to a combination of migration and natural change, which is the difference between births and deaths. The COVID-19 pandemic has only intensified this boom, as remote work became the norm and the appeal of living in large cities began to wane.
Boise, Idaho has become one of the fastest-growing cities in the United States, with tens of thousands of new residents arriving each year. The population has grown by 8 percent over the past three years - an impressive figure! The influx of people from California is largely responsible for this growth. According to the Boise Valley Economic Association, many people who have moved to Boise from out-of-state have come from California. Julie, a Colorado native, discovered Boise after her daughter enrolled at Boise State University.
This influx has caused a surge in new apartments in the Boise housing market, but higher-than-average construction costs in Idaho are reducing relative to demand. The demographic boom in Idaho shows no signs of slowing down. Boise is home to much more than wood and food processors - it's also home to the headquarters of the Idaho Pacific Lumber Company. The Boise metropolitan area is the largest population center in Idaho and is home to the state capital, making it the largest student market in the state.
What changes the rules of the game for Idaho is the influx of new residents from more expensive metropolitan areas in the west, such as California, Utah, Oregon and Washington. Much of Idaho's commercial real estate industry gathered Tuesday to attend the annual conference of the Building Owners and Managers Association in Boise, with a main panel focusing on the impacts and dynamics of Boise's rapidly growing market. As a result of these factors, the Boise City metropolitan area registered a population growth of 16.1% over the last five years - fifteenth most among 381 U. S.
metropolitan areas. That's why many people in Boise jokingly mock Californians, although that won't stop them from investing in the Boise housing market. The percentage of Californians moving to Idaho has increased 10% over the past five to ten years, according to Clark Krause, executive director of the Boise Valley Economic Partnership. Boise's rapid growth can be attributed to its attractive quality of life and its proximity to other major cities in the west.
With its booming economy and vibrant culture, it's no wonder why so many people are flocking to this city!.
