![WTF Idaho? Ada County Just Ranked Number 1 in the Country For…](http://townsquare.media/site/737/files/2022/04/attachment-Photo-by-Tierra-Mallorca-on-Unsplash.jpg?w=980&q=75)
WTF Idaho? Ada County Just Ranked Number 1 in the Country For…
Unfortunately, what we’re about to tell you isn’t surprising news, but it doesn’t make it any easier to hear.
In a new report by MoneyGeek, Ada County in Idaho is officially the least affordable place to live in the entire nation.
How was this determined?
These personal finance experts and analysts studied the changes in homeowner costs, home price appreciations and median incomes between 2019 and 2022.
They found that in recent years, “the increasing cost of real estate has made it difficult for many locals to afford homes in their communities.”
How unaffordable is Boise?
According to MoneyGeek, our housing market has appreciated 59.3% in Boise over the last three years.
The median home price is currently $575,000, which is a record high increase of 22.6% from just last year alone.
However, the median income is only at $35,086, which means that the current housing costs take up about 81% of our monthly incomes.
Furthermore, renting in Boise isn't any better.
Only 3% of rentals in Ada County cost less that $1,000, which is the price point that residents need based off of their average monthly incomes.
What does this mean for Idahoans?
Basically, the prices for homes and rentals are rising exponentially faster than people’s salaries, making Ada County completely unaffordable for those who live here.
What citizens have already feared has officially made national news – we have the least affordable housing in the entire nation.
What can we do about it now?
If only we knew.
How Idaho's Rent Prices Have Changed Over the Last 10 Years
Beware! Don't Fall Victim to this Popular Home Rental Scam
These 10 Idaho Counties Have the Most Expensive Home Prices
Are Tiny Homes Our Best Option for Affordable Housing in Boise?
More From 103.5 KISS FM
![These 7 Hotels Are Perfect If You Need A Downtown Boise Stay](http://townsquare.media/site/737/files/2024/07/attachment-Screenshot-2024-07-26-at-4.29.25-PM.jpg?w=980&q=75)
![America’s ‘New’ Favorite Fast Food Spot Has 12 Idaho Locations](http://townsquare.media/site/737/files/2024/07/attachment-Screen-Shot-2024-07-26-at-4.13.04-PM1.jpg?w=980&q=75)
![Police Seek Idaho ‘Punk’ That Shoved Elderly Man to Ground [Video]](http://townsquare.media/site/737/files/2024/07/attachment-Screen-Shot-2024-07-26-at-3.26.49-PM.jpg?w=980&q=75)
![One of Idaho’s Largest School Districts is Moving to ‘EV’ Buses](http://townsquare.media/site/737/files/2024/07/attachment-103.5-Kiss-FM-Blog-Pics-2024-07-26T082046.818.jpg?w=980&q=75)
![Idaho Experiences Nearly 3,000 Lightning Strikes in 24-Hours](http://townsquare.media/site/737/files/2023/06/attachment-screen-shot-2023-06-14-at-1-20-17-pm-1.jpg?w=980&q=75)
![Boise Vows to Rebuild After ‘Devastating’ Wind, 5-Minute Sprinkle](http://townsquare.media/site/737/files/2024/07/attachment-Screen-Shot-2024-07-25-at-3.04.24-PM.jpg?w=980&q=75)
![Scenic Countryside Home in Kuna for Sale is Absolutely Stunning](http://townsquare.media/site/657/files/2022/07/attachment-5a99fe4c281e492321735f39f2725ba8l-m4015535723od-w1024_h768_x2.jpeg?w=980&q=75)
![5 Most Affordable Boise Homes With Spectacular In-Ground Pools](http://townsquare.media/site/660/files/2022/07/attachment-gdgsdgsdg-1.jpg?w=980&q=75)
![$4.5 Million Boise Mansion With Movie Theater You Have To See To Believe](http://townsquare.media/site/659/files/2022/07/attachment-screenshot-513.jpg?w=980&q=75)