Pocket neighborhoods provide an affordable alternative to rising home costs
Looking for a new Treasure Valley house priced under $200,000? They’re an endangered species. Commercial builders have stopped building them in Boise, Meridian and Eagle. Amid rising values and tight inventories, the best opportunities lie in Nampa or Caldwell.
But even there the market is tight. A list of available new homes one day in early April showed only one available in that price range, a three-bedroom, two-bath house with 1,541 square feet under construction at 805 Eastman Lane in Caldwell and listed for $200,000.
There were 31 pending sales of new homes where the asking price was less than $200,000. All but nine were in Caldwell. Nearly all were for homes snapped up while the homes were (and in some cases still are) under construction.
