The Star, Idaho real estate market is the smallest and most rural city in Ada County, with a population in 2010 of 5,793 (1). Located approximately 18 miles from Downtown Boise, Star is about a 30-40 minute drive to downtown or the airport. Basic shopping can be done in Star, while virtually everything you need can be obtained by commuting to nearby Meridian or Eagle, both about a 15-minute drive.
Star Idaho real estate is known for its beautiful geographic setting between the river and foothills as well its "small-town", "country-feel". Many people are also drawn to the homes for sale in Star because many properties are acreage lots.
While Star is certainly a small town, it also has been one of the fastest growing in Idaho. From 2000, to 2010, the population grew 222%. That's an average annual growth rate of 22.2%, compared to Idaho's 2.1% during that same time period.
Real estate prices in Star, Idaho are some of the most affordable in Ada County. The median home price is higher, due to many larger estate properties, but purchasing power is greater than in nearby Eagle or Meridian.
Star real estate offers several unique benefits for home-buyers:
Some real estate developments in Star may fit one or more of the categories above. For example, Hillsdale Estates offers acreage properties and many have incredible views.
As a percentage, Star has one of the largest shares of newer homes available. According to the US Census, nearly 39% of homes in Star were built after 2005 (2). 89.5% of the homes in Star were built after 1990. Since 1990, the population grew from 600 people to 5,793, which is why so many of the homes have been recently built.
Most of the homes in Star are occupied by their owners, rather than renters. 79.9% of of the homes are owner-occupied compared to 69% in Ada County.
1) US Census
2) American Community Survey, 2007-2011