Top 10 Turnaround Towns – Boise Made the List!

Median home price: $120,000

Boise’s economy is an offbeat combination of old and new. The logging industry still pays a lot of the bills in town, but tech jobs have also become increasingly prevalent.

In fact, chip maker Micron Technology is Boise’s biggest employer, according to the Boise Valley Economic Partnership. And lately, the food industry has heated up, enabling many of the area’s agricultural-based companies to pump out increased profits, according to Clark Krause, the organization’s executive director.

“We’re hopeful that things are turning around,” he said. “Even during the bad times, we had a net immigration of people and now there’s a lot of new investment in construction and other industries.”

That diversity of employers — and the growing number of jobs they’re offering — is a prime reason this town is starting to stage a comeback.

According to Realtor.com, the number of homes for sale during the fourth quarter fell by 40% compared with a year earlier. That shrinking inventory should help drive home prices higher. Fiserv is forecasting annual home-price appreciation averaging 6.3% over the next five years.

By Les Christie @CNNMoney – Last updated February 01 2012: 10:55 AM ET 

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