Idaho continues to gain recognition as one of the fastest growing states, with the Boise MSA receiving a significant proportion of that population growth.

Ada County alone grew nearly 5 percent between 2017 to 2018. This compares to Idaho’s growth of nearly 2 percent and the national average growth of less than 1 percent.

As the population grows, new construction for multifamily product has seen strong absorption, keeping occupancy levels flat despite the increase in supply.