Introduction

Investing in rental properties can be a lucrative venture, but selecting the right property is crucial to maximizing returns. A good rental property offers a combination of affordability, convenience, and appeal to tenants. Location is key—it influences rental income potential, property appreciation, and tenant satisfaction. Bonneville County, Idaho, with its mix of urban and rural environments, offers diverse opportunities for rental property investments. This guide explores the best neighborhoods and areas in Bonneville County, grading each on essential investment criteria.

Best Neighborhoods and Areas in Bonneville County, ID

1. Idaho Falls

Grades:

• Convenience: A
• Tourist Attractions: B+
• Things to Do: A
• Average Home Prices: B
• Return on Investment: A
• Proximity to Work-Related Travel: A
• X-Factor: A

Convenience: Idaho Falls is the largest city in Bonneville County and offers a range of amenities, including shopping centers, restaurants, and excellent public transportation. The city has a well-developed infrastructure, making it easy for tenants to commute and access essential services.

Tourist Attractions: The city is known for attractions such as the Idaho Falls Zoo, Museum of Idaho, and beautiful riverwalks. While it may not be a major tourist hub, these attractions draw consistent local and regional visitors, contributing to a steady rental market.

Things to Do: Idaho Falls boasts a vibrant cultural scene with theaters, galleries, and frequent community events. Outdoor activities are abundant, with nearby hiking, fishing, and skiing opportunities.

Average Home Prices: Home prices in Idaho Falls are moderate, making it accessible for investors while offering good value for money. The real estate market here has shown consistent growth, making it a stable investment.

Return on Investment: The combination of moderate home prices and high rental demand ensures a strong return on investment. Idaho Falls has a healthy rental market with good occupancy rates.

Proximity to Work-Related Travel: The city's proximity to major highways and the Idaho Falls Regional Airport makes it convenient for professionals who travel frequently. The presence of major employers, including hospitals and educational institutions, ensures a steady demand for rental properties.

X-Factor: Idaho Falls' unique blend of urban amenities and natural beauty makes it highly desirable. The city's commitment to community development and quality of life adds to its appeal, making it a top choice for investors.

2. Ammon

Grades:

• Convenience: B+
• Tourist Attractions: B
• Things to Do: B+
• Average Home Prices: A
• Return on Investment: A
• Proximity to Work-Related Travel: B+
• X-Factor: B+

Convenience: Ammon is a suburb of Idaho Falls, offering a quieter residential environment while still providing easy access to the amenities of the larger city. It features several shopping centers and good public services.

Tourist Attractions: While Ammon itself has fewer tourist attractions, its proximity to Idaho Falls allows residents to enjoy the neighboring city's attractions easily. Local parks and community events add to its charm.

Things to Do: Ammon offers a suburban lifestyle with parks, local eateries, and community events. The nearby amenities of Idaho Falls are easily accessible, providing additional entertainment and activities.

Average Home Prices: Home prices in Ammon are generally lower than in Idaho Falls, providing excellent opportunities for investors looking for affordable properties with good appreciation potential.

Return on Investment: Lower home prices combined with steady demand for rental properties contribute to a high return on investment. Ammon is attractive to families and professionals looking for a suburban setting.

Proximity to Work-Related Travel: Ammon benefits from its close proximity to Idaho Falls and its major employers. While it lacks its own major transportation hubs, the short commute to Idaho Falls compensates for this.

X-Factor: Ammon's appeal lies in its balance of suburban tranquility and urban convenience. The community-oriented atmosphere and lower cost of living make it a desirable location for renters and investors alike.

3. Lincoln

Grades:

• Convenience: B
• Tourist Attractions: B-
• Things to Do: B
• Average Home Prices: A
• Return on Investment: B+
• Proximity to Work-Related Travel: B
• X-Factor: B

Convenience: Lincoln is a smaller community within Bonneville County, offering basic amenities and a peaceful living environment. While it may lack the extensive amenities of larger cities, it provides essential services and a close-knit community feel.

Tourist Attractions: Tourist attractions in Lincoln are limited, but its proximity to both Ammon and Idaho Falls allows residents to access a broader range of attractions and activities.

Things to Do: Lincoln offers a more rural lifestyle with outdoor activities such as hiking, fishing, and local community events. The slower pace of life is ideal for those seeking tranquility.

Average Home Prices: Home prices in Lincoln are among the lowest in Bonneville County, making it an attractive option for budget-conscious investors. The potential for property value appreciation adds to its investment appeal.

Return on Investment: Despite lower rental demand compared to larger cities, the affordability of properties in Lincoln offers a good return on investment, especially for long-term holdings.

Proximity to Work-Related Travel: Lincoln's location requires a longer commute to major employment centers in Idaho Falls and Ammon. However, the peaceful living environment compensates for the travel time for many residents.

X-Factor: Lincoln's unique appeal lies in its rural charm and affordability. It attracts tenants looking for a quiet, community-oriented lifestyle while still being within reasonable distance of urban amenities.

Conclusion

Bonneville County, ID, offers diverse opportunities for rental property investments, each with unique advantages. Idaho Falls stands out with its urban amenities and strong rental market, making it a top choice for investors. Ammon provides a suburban alternative with affordable properties and easy access to urban conveniences. Lincoln offers a rural setting with excellent investment potential due to its low property prices.

Investing in rental properties in Bonneville County requires careful consideration of each area's strengths and appeal. By understanding the unique characteristics and grading of each neighborhood, investors can make informed decisions to unlock the full potential of their investments.