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Old 04-04-2010, 11:40 PM
 
1 posts, read 2,574 times
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I will be moving to Moscow ID from Colorado in the fall. I was wondering what the rental market is like vs. owning. I don't know much about the area yet(besides what I read on these threads and on Craigslist). I will be there for Grad School and have money for a down payment, but don't know what to expect for renting/buying. I would love some input on how the housing market looks. Are there many new developments? Is rent increasing every year? How are home prices holding up?
Thanks!
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Old 04-05-2010, 10:32 AM
 
Location: Moscow
2,223 posts, read 3,880,144 times
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Home prices have held up fairly well. What I've seen has been that homes stay on the market longer, but prices are nearly the same.

I believe the rule of thumb here for rentals is that it will cost you about $300 per bedroom. I own a home, so can't comment well on if rents have been going up. But we have recently seen a large new rental development. I suspect that has depressed prices.

Your best bet is to check some local realtor pages. Many of our real estate businesses double as property management firms-so you can get info for both sides of the equation easily.

You may also wish to get a relocation packet from the Moscow Chamber of Commerce: Moscow Chamber of Commerce - WELCOME TO MOSCOW IDAHO
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