This is a very affordable level by regional standards and probably contributes, somewhat, to a high occupancy level. This is a tremendously low vacancy rate and suggests that there is a need for new housing here. However, based on discussions with area landlords, it appears that demand may be easing. While this is difficult to quantify, it may relate to new construction of apartments and four-plexes in Twin Falls. In any event, the vacancy rate here is enviable to say the least.
Residential rents are affordable here as well.
Mostly, single family homes are encountered here or duplex and fourplexes. There are four FmHA and HUD that offer subsidized rental units. Additionally, there is a 36 unit townhouse project that appeared to be mostly tenant occupied. While this is higher than suggested by the city, it may be skewed due to the fact that only 7 homes have sold so far this year. If it is indicative of a trend, then clearly demand here is high relative to supply.