About Twin Falls Twin Falls is Located in south central Idaho, midway between Boise to the west and Pocatello to the east, And, 70 miles south of Sun Valley. Twin Falls is a growing city of over 42,200 people with the Snake River Canyon forming the northern border and northern Nevada about 45 minutes south. Twin Falls is the regional retail hub and features many restaurants, theatres and major franchise retailers that are normally only found in much larger communities. Twin Falls has an excellent public school system and several private schools to choose from. Although the population is increasing, Twin Falls retains the friendliness and safety of a small town. Take a look at the Favorite Links feature for much more information on Twin Falls and the surrounding area. The area has abundant natural resources and numerous recreational opportunities. The City of Twin Falls lies just two miles from the world famous Shoshone Falls. Good work prospects for job seekers, reasonable home prices and a moderate climate for retirement age people have helped Twin Falls to continue to attract new residents from other states. COMMERCIAL: * Manufacturing: The Magic Valley has numerous M1 and M2 zoned locations with parcel sizes ranging from 1 acre to 100 acres. Many of the parcels have rail access. In addition, many of the parcels have excellent access and/or visibility to Interstate 84, the main east/west highway in Southern Idaho. Prices for M1 and M2 zoned parcels range from $2 to $4 per square foot. For specific site availability, contact Jan Rogers at the Southern Idaho Economic Development Organization toll free at 866-768-8443. Office: The area offers a number of both existing buildings as well as new projects from which to choose. Rental rates vary according to age and location. Older buildings which typically include second and third generation space range from $6 to $10.50 per square foot annually. Newer projects and those under construction have annual rental rates around $10.50 to $15.00 per square foot. For those businesses interested in space with state-of-the-art communications, there are a few new projects underway to meet such specific needs. *Sources: Westerra Real Estate Group and Western Appraisal RESIDENTIAL: * While Southern Idaho's growth and attractiveness has spurred the housing market, home prices and rental rates remain at or slightly below the national average. Recent data indicates the average home price in Twin Falls to be under $100,000. For a newer executive home, the prices would start at approximately $1.15 per square foot, which includes the land and high quality exterior and interior amenities. This cost would be considered the "upper end" of the market. (See example on Featured Listing page of 3310 E. Ford Place, a 4,200 square foot home on 5 acres sold for $458,000. In general, the price per square foot for newly constructed homes currently on the market ranges from $95.00 to $112.00 and existing homes range from $65.00 to $99.00 per square foot. The area provides for many options, including city subdivisions, mature areas, country acreages and very unique settings such as the Snake River Canyon, South Hills and numerous golf course locations. In the rental market, a three bedroom, two bath home in the city limits would rent from $650.00 to $950 per month. Executive rentals can approach $1,000 to $2,000 per month. * Source: Westerra Real Estate Group **See the website for the Southern Idaho Economic Development Organization for detailed information on the area, including all types of property, manufacturing and businesses.
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