Boise Ranks as One of Top Ten Most Resilient COVID-19 Markets

Submitted by Anonymous (not verified) on Tue, 12/15/2020 - 06:12
Top Ten Markets During and Post COVID-19

The National Association of REALTORS® recently released a report of the Top Ten Markets During and in a Post-COVID Environment in 2021-2022. Among major metro areas such as Atlanta, Dallas, Phoenix, and Provo, Boise carved its place into the Top Ten list - showing resilience during the pandemic and forecasted for continued high performance in a post-COVID-19 environment.

The primary indicators that NAR analyzed in measuring these markets' growth and recovery potential included:

1) Fraction of the workforce working from home (2019)

2) Share of multi-generational households (2019)

3) Net domestic migration in a metro area (2019)

4) Movers from expensive West Coast areas moving into another metro area (2018)

5) Unemployment rate (September 2020)

6) Share of workers in retail trade, leisure and hospitality industries (2019)

7) Small business openings relative to January 2020 (Nov 2020)

8) Mobility to retail and recreation places relative to January 2020 (Nov 2020)

Of these indicators, the Boise City metro area was noted for being a highly attractive area to movers on the West Coast.  It also ranked above average in the percentage of work from home workforce, at 7.7%.  Additionally, Boise has retained one of the healthiest measures of mobility to leisure and recreational areas, only 5.1% below its pre-pandemic level.  It is no surprise that West Coast migrators are looking to Boise as they seek a backyard recreational experience with new work from home environment flexibility, fortunately aiding in our market's resilience despite this year's economic challenges. 

Read the full National Association of REALTORS® report here.


Five Locations to Serve You

Boise Office
250 S 5th Street, 2nd Floor
Boise, Idaho 83702
Main Phone: 208.378.4600

Nampa Office
16150 N. High Desert Street, Suite 200
Nampa, Idaho 83687
Main Phone: 208.378.4600

Twin Falls Office
195 River Vista Place, Suite 204
Twin Falls, Idaho 83301
Main Phone: 208.944.9694

Idaho Falls Office
1135 Pier View Drive, Suite 120
Idaho Falls, Idaho 83402
Main Phone: 208.227.8148

Coeur d'Alene Office
3322 N. Grand Mill Lane
Coeur d'Alene, Idaho 83814
Main Phone: 208.449.1908