Around Southwestern Idaho: Economic activity, February 2025

Jan Roeser, regional economist
Idaho Department of Labor
(208) 696-2172

Regional labor market information

Southwestern Idaho’s single-family home sales – January 2023 and 2024

Median price sold20252024Change
Ada$538,000$515,0004.5%
Adams$730,000$585,00024.8%
Boise$570,000$562,5001.3%
Canyon$425,000$399,9006.3%
Elmore$365,000$350,0004.3%
Gem$400,000$389,0002.8%
Owyhee$453,450$399,99913.4%
Payette$374,514$379,900-1.4%
Valley$750,000$776,930-3.5%
Washington$327,535$350,000-6.4%
Source: Intermountain Multiple Listing Service
Figure 1b.
Days on market20252024Change
Ada54531.9%
Adams1153373.3%
Boise88106-17.0%
Canyon634831.3%
Elmore634153.7%
Gem63588.6%
Owyhee15441275.6%
Payette623767.6%
Valley1179128.6%
Washington115251-54.2%
Regional average days897322.6%
Source: Intermountain Multiple Listing Service
Figure 1c.
Inventory20252024Change
Ada1,2711,03522.8%
Adams262123.8%
Boise6023160.9%
Canyon91171028.3%
Elmore985771.9%
Gem966254.8%
Owyhee241471.4%
Payette1027830.8%
Valley1087740.3%
Washington3040-25.0%
Regional totals2,7262,11728.8%
Source: Intermountain Multiple Listing Service
Figure 1d.
Total homes sold20252024Change
Ada4934656.0%
Adams110.0%
Boise880.0%
Canyon263292-9.9%
Elmore2126-19.2%
Gem1718-5.6%
Owyhee49-55.6%
Payette26254.0%
Valley151315.4%
Washington83166.7%
SW sold and % change856860-0.5%
Source: Intermountain Multiple Listing Service
Figure 2.
Southwestern Idaho job postingsJan-24Jan-25% change# change
Unique postings8,76210,62021.2%1,858
Days posted111427.3%3
Number of employers2,8752,652-7.8%-223
Advertised wage$24.06$29.9724.6%$5.91
Share wage advertisements47%51%8.5%4%
Source: Help Wanted Online data via Lightcast
Figure 3.
Top 10 occupations by unique job postings in southwestern IdahoPostings, Jan-25Postings, Jan-24Year over year % change
Sales representatives, wholesale, manufacturing, except technical and scientific products31319560.5%
Registered nurses310380-18.4%
Customer service representatives23719422.2%
Retail salespersons2262069.7%
Software developers18610872.2%
Trailer-tractor truck drivers16413323.3%
First-line supervisors of retail sales workers15912626.2%
Project management specialists13911619.8%
Fast food and counter workers675815.5%
Laborers, freight, stock, material movers and hand79107-26.2%
Source: Help Wanted Online data via Lightcast

Regional news

Ada County

  • For the third year in a row, the Boise Airport broke its annual record for passenger traffic. The airport accommodated 4,990,885 passengers in 2024, this was an uptick of 238,000 passengers from 2023, with a growth rate of 5% from 2023 to 2024. The facility’s passengers increased 81% from 2014-2024. The airport has embarked on an infrastructure expansion due to this growth spurt. A seven-story rental car center is under construction, set to open in 2026. Concourse A will add 10 new gates with availability in 2027. New retail, food and drink options, along with a renovation of the Bardenay Restaurant, will be available within the next year. Much has already been accomplished including a new cell phone lot, increased employee and economy parking lots and an expanded TSA security checkpoint area. Source: KTVB News
  • Albertsons Companies announced it will be combining its Intermountain Division and its Denver Division into one Intermountain Division. The company will have three regions and new leadership following previously announced layoffs at Safeway in California and Arizona which affected 380 workers. Source: grocerydive.com
  • The Boise School District announced the purchase of three lots and parcels near Timberline High School for future campus expansions. The $3.4 million purchase came from its Plant Facility Fund. Source: KTVB News
  • West Ada School District is proposing boundary changes that will impact Hunter Elementary School and Pleasant View Elementary School, both in north Meridian. Hunter Elementary School is currently at 58% capacity but will move to 109% capacity with the proposed changes. Pleasant View Elementary School is at 202% capacity and will be at 151% capacity after the boundary changes. Meridian is a rapidly growing city with a 2023 population estimate of 134,801, second only to Boise. It grew by over 5,000 people from 2022-2023 or 3.9%. Source: Idaho Press and U.S. Census Bureau
  • The Idaho History Center, located in Boise near the old Penitentiary and Idaho Botanical Gardens, is set to expand its footprint from 62,000 square feet to 112,000 square feet with a second story. The expansion will combine several locations which are not up to standards for archiving historical documents and treasures. The agency serves over 110,000 people annually who contact its departments including the State Museum, State Archives, State Historic Preservation Office and Old Idaho Penitentiary. It also manages programs under the National Historic Preservation Act which administers the National Register of Historic Places. Having one building will also cut down on transporting fragile items between locations. Half of its budgets comes from fees, public and private grants, memberships and corporate and philanthropic gifts. The rest of the budget is from state funding with $15 million approved for the expansion. Source: Idaho Statesman

Canyon County

  • The Western Youth Support Center moved to a larger location in Nampa. The center opened its doors one year ago serving 170 youth, ages 10 through 17. This expansion allows for the use of the facility by children ages five through nine, with parental consent. The type of usage depends on the youth as the facility is designed for visits to rest or recreate and is open 24/7. The process starts with a crisis experienced by a youth with staff responding to both walk-ins and referrals. The intake process involves a medical and mental health screening along with a tour of the center and introduction of staff. The center has expanded its capacity from six youth at a time to nine youth. Prior to 2024, youth in crisis went into police custody or the emergency rooms of local hospitals. The state of Idaho committed $6.5 million to establish eight youth assessment centers across the state. Source: Idaho Press
  • The city of Nampa announced that Tractor Supply will build a new distribution center to serve the Pacific Northwest’s 200 stores. The facility will be a $225 million investment with space of 865,000 square feet and yield the creation of 500 jobs. There are currently 12 retail stores in Idaho with Emmett, Kuna and Middleton nearby. To commemorate the event, Tractor Supply donated $20,000 to local Future Farmers of America and 4-H programs. Source: tractorsupply.com
  • The College of Idaho announced it will rename its basketball arena after one of its first renown student basketball players, NBA Hall of Famer Elgin Baylor, who moved on to become a Minneapolis Laker around the late-1950s. Mr. Baylor was the first round draft pick and named Rookie Player of the Year. He later moved with the team to its current home in Los Angeles. It will be called the Elgin Baylor Arena. There are currently six students with tuition paid by a scholarship in his name. Source: Boise State Public Radio and Wikipedia

Owyhee County

  • Southwest Idaho Legacy Organization (SILO) awarded four grants to regional groups.
    • The Homedale High School Golf Program received $43,590, which will be used to purchase indoor and outdoor practice equipment.
    • The Homedale High School Drama Club used its $3,355 award to purchase equipment for stage productions. The equipment came with delivery and installation, a big help for those busy teachers.
    • The Homedale Library District received $1,800 for two new computers to be utilized by the public.
    • The Marsing School District received $800 to purchase food for two community education events that are held in the evenings. Offering dinner has been found to heighten participation of these events that provide information on mental health and substance abuse.
  • SILO was founded in 1976 when the Caldwell Memorial Hospital was sold. A board comprised of community members reviews the funding requests from Canyon and Owyhee counties, not including Nampa. Source: The Owyhee Avalanche  

Openings

  • Chick-fil-A opened its sixth restaurant in the Treasure Valley, on the west side of Meridian. The franchise hired approximately 120 full-and part-time workers. Source: Chick-fil-A.com
  • Canyon County hosted a grand opening and ribbon cutting at its new Elections Building in Caldwell — the county seat. The $4.7 million, 16,500 square foot building was built with American Rescue Plan Act funding. It will expand space for a rapidly growing county which grew its residents from 2013-2023 by 33,865 or 30.6%, a 2.5% average annualized population growth rate. The facility is intended to ensure secure, efficient and accessible processing for elections. Source: Idaho Capital Sun
  • Bardenay opened its fourth Idaho restaurant and distillery in Garden City. The 7,500 square foot space allocates 4,500 square feet to its restaurant and patio, with 3,000 square feet to the distillery. This quadruples the size of its Eagle distillery and will enable the company to produce canned cocktails and offer direct sales to the consumer with an in-restaurant state liquor store. It shares both a parking lot and a liquor license with the Riverside Hotel and Sandbar Restaurant. Source: Idaho Press
  • Bamboo Sushi and Asian Bistro opened in Boise. It filled the space vacated by Madurai Virundhu. Source: BoiseDev

Closings

  • The pet microchipping company, Save This Life closed its doors unexpectedly rendering the implanted chips meaningless for pet owners across the Treasure Valley. Other microchip companies can re-register for pet owners who have retained the chipping paperwork. Source: KTVB News
  • The Boise Joann Craft and Fabric retail outlet will be part of a bankruptcy proceeding that closes its operations. The national company had been in business for over 75 years. Source: Idaho News 6
  • Forever 21 will close in Boise’s Town Square Mall where it originally leased 18,000 square feet in 2008. The company has been facing financial struggles since 2019 and plans its second bankruptcy filing impacting stores nationally. Source: Idaho Statesman
  • Volcom announced it will close its store in the Boise Town Square Mall as it files bankruptcy across its family of stores including Billabong and Quiksilver. Source: Idaho Statesman
  • Mad Mac is closing its Kuna restaurant and returning to food truck status only. The restaurant enjoyed brick and mortar status in Boise for four years, then almost two years in Kuna. Source: Idaho Statesman
  • El Tenampa and the former Johnny Carino’s restaurants at Boise’s Spectrum will be razed and replaced with a Chick-fil-A. The Johnny Carino space has been vacant since 2016, while El Tenampa will rebuild at its original location in Nampa where a fire caused its departure. Source: Idaho Statesman

Groundbreakings

  • A groundbreaking was hosted by the College of Western Idaho for its student success center. The center will be home to the bookstore, a library, tutoring space and a one-stop center for students. Construction is expected to be completed by fall of 2026. The total cost is $21.7 million and will be named the CapEd Student Success Center in honor of the credit union which supplemented the state’s funding. Source: Idaho News 6

This Idaho Department of Labor project is funded by the U.S. Department of Labor for SFY25 as part of the Workforce Information grant (40%) and state/nonfederal funds (60%) totaling $885,703.

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