Kuna ID Market Trends for July 2019

Posted by Jeffery Sweet on Tuesday, July 30th, 2019 at 3:25pm

Homes For Sale In Kuna ID With homes that are just under two decades years old, Kuna is proving to be a sought-after spot for buyers. Homes for sale in Kuna, ID are the lowest in Ada County. Kuna is easily accessible right off the freeway and just 10 miles south of Meridian. Not to mention, as compared with its neighbor in Canyon County, Kuna residents have a shorter commute to the city and lower property taxes. Here’s what you need to know about the real estate trends in this town.

Kuna Distressed Property Report

Are you looking to maximize your budget and find a low-priced property for sale? A distressed property, one that is under foreclosure or being sold by the lender, might be the best option for you. Fortunately, Kuna has distressed properties on the market, and they are priced lower than the market value. As of June 2019, Kuna has 43 distressed properties for sale. Their prices range from $150,000 to $300,000. Among these properties are those with 4 bedrooms and 2 baths and other smaller ones with 2 bedrooms and 1 bath.

Demographics and Crime Statistics

Kuna’s neighborhood can easily be considered one of the safest in the US. According to the June 2019 data from Livability, the city has 16,557 residents; 49.6% of the population is male and 50.45% are female. Also, 81% of the population is homeowners, and the median age of residents is 33. Based on the 2018 crime data from Neighborhood Scout, Kuna is safer than 69% of US cities. The city recorded only 59 violent crimes and 123 property crimes, which are fairly low compared to those of other cities. Needless to say, the city receives an A rating in terms of crime statistics.

Median Income, Price Point, and Cost of Living

Living in Kuna is a great way to maximize your income without compromising the quality of life. Real estate data from Livability shows that the median income for residents in the city is $57,417. With this amount, you can pretty much afford the average median home price, which is $134,000, or the average rent of $1,059 for a one-bedroom apartment. For those looking to own a property in Kuna, the property tax with mortgage ranges from $1,500 to $2,500 depending on the size and location of the house. However, just a heads up: 41.9% of Kuna’s homeowners have gotten a property that requires a tax of $1,000 to $1,500. Here’s the good news for aspiring Kuna residents! The cost of living index in the city is below the US average of 100, coming in at 96.4. As for the cost of housing, the city has an index point of 5.1, which is way lower than the national average. The index for healthcare and related services is 91.9, and the index for the cost of utilities is 90.3. Generally, almost all utilities cost less in Kuna when compared to the national average.

Economic Overview

Kuna’s economy is doing well with new companies moving to the city and new construction happening quite frequently. It’s been reported that CapEd Credit Union is looking to construct a new building in the city, meaning additional jobs for residents. In another real estate news report, several developers are looking to build more properties in Kuna and the Treasure Valley area. The city’s leaders are looking for more projects and ventures for Kuna’s residents. In May 2019, the Idaho Press reported that Kuna will host an economic forum that will focus on funding and encourage more business activity in the city.

To know more about Kuna, ID, and if you are wanting to seek professional advice, contact us today.

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