It’s no secret that car shopping is an expensive habit in Boise.
But that’s where the good news comes in.
For starters, Boise is the most expensive metro area for second-generation car buyers.
And that’s not even considering taxes.
The median house price in Boise is $947,000, according to Zillow.
That’s nearly twice as much as in the state of Washington, which has a median house value of $1,071,000.
But even more surprising, second-graders in Boise have the highest car ownership rates in the U.S. According to Zilow, the average student car ownership rate in Boise was more than four times higher than the national average.
The study also found that Boise’s car-buying habits are changing.
According for the last five years, the number of cars purchased has dropped by 30 percent, and now fewer than 10 percent of the vehicles in Boise are second- and third-generation vehicles.
The other key reason for the slow car sales is affordability.
According a study by the U-M Transportation Institute, average annual car prices are about 30 percent of median income in Boise and about 30.4 percent of incomes in Seattle, Seattle and Portland.
The average car prices in Boise tend to be below the national median.
It is also very easy to rent a car in the area.
In fact, the Brookings Institution estimates that nearly half of all renters in the region drive cars.
Boise has an average daily rate of 1,828 miles per gallon (28.5 miles per liter), which is the fourth lowest in the country, according the study.
But if you are looking for a low-cost, affordable car, you may want to consider moving to the state’s more desirable metro area, where car rental rates are more than double the national averages.
In Washington, the state median car price is $3,100, while the median price of a car rental is $813.
In Boise, the median rental price is about $3.50.
The U.K. has the third highest car rental rate in the world at $3 in the city of Manchester, according Zillower.
In a city of about 10 million, that is a sizable difference.
But the fact that the price of cars is dropping in Boise means it may be easier for some to move there.
“If you are from the UK, you might have a better chance to find a good car rental car there,” said Dan Harker, a real estate broker with U-T Hancock.
The rental car market in Boise has also gotten more expensive, with an average annual cost of $814.
The price is the highest in the nation and nearly double the median rent price of $600 in the Seattle area, according Harkers analysis.
But with a price that high, it is likely that you will not find a great deal in Boise on a second-sale basis.
If you’re thinking about buying a car, it may not be for a long time, said Harkes.
The rate of second- or third-hand cars is also dropping in the Boise metro area.
According Zillows study, the share of cars that are secondhand dropped from 28 percent in the 2010 Census to 18 percent in 2011.
“It’s a pretty dramatic change,” said Zillowers chief economist Paul Tait.
“The number of secondhand cars has dropped to the lowest level in 20 years.”
And, while it is easy to find affordable cars in Boise with rental rates that are significantly higher than in Seattle and New York City, it might not be the best choice for many who are considering buying a new car.
“In Washington, it’s really difficult to find good second-guessing in that area,” said Harks real estate agent.
And if you’re interested in buying a secondhand car, be sure to check out the car rentals available in Boise as well as the rental car marketplace.
You might even get some good advice on how to make a deal for a used car.
Zilloway has an online tool that can help you compare rental rates and compare the best value to a used vehicle.