Boise, ID—83703
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Boise, ID
As of Oct '25, the median home price in Boise, ID is $517,000, with a year-over-year change of -0.6%. This indicates that home prices in Boise, ID are flat. According to Zillow, the 1-year price projection is 0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $517,000 | -0.6% |
| Single Family | $519,000 | -0.4% |
| Condos | $269,000 | -1.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $331,000 | -2.6% |
2 Bed | $406,000 | -2.4% |
3 Bed | $504,000 | -0.4% |
4 Bed | $694,000 | 0.7% |
| 5 Bed | $833,000 | 0.8% |
% of Housing Stock
Rental Trends — Boise, ID
As of July '25, Rentcast reports the average rent in Boise, ID is $1,700, with a year-over-year rent change of -7.1%. Per bedroom, the median rent as of July '25 in Boise, ID is studios: $1,420, 1-bedrooms: $1,310, 2-bedrooms: $1,430, 3-bedrooms: $2,230, 4-bedrooms: $5,000. The most common rental property sizes in Boise, ID are 2-bedroom and 3-bedroom, accounting for 47.6% and 24.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,400 | $1,700 |
| Studio Rent | $842 | $1,420 |
| 1 Bed Rent | $1,260 | $1,310 |
| 2 Bed Rent | $1,340 | $1,430 |
| 3 Bed Rent | $2,150 | $2,230 |
| 4 Bed Rent | $3,500 | $5,000 |
% of Rental Stock
Property Listings — Boise, ID
As of Oct '25, Realtor.com reports that the median days on market for a home in Boise, ID is 54. This is a increase of 25.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 30.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $677,000 | -1.0% |
Listing Count | 73 | -12.0% |
| Listings as % of Homes | 0.7% | -12.0% |
Days on Market | 54 | 25.0% |
Demographics — Boise, ID
As of the latest ACS Survey released in 2023, Boise, ID has a population of 17,600, which has increased by 4.4% over the past 5 years. Boise, ID is a moderately popular place for families, as children make up 18.4% of the population. The area has a highly educated workforce, with 53.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 17,600 | 4.4% |
% Under 18 | 18.4% | -26.1% |
% Seniors | 17.5% | 38.9% |
% WFH | 15.7% | 157.4% |
% w/ College Degree | 53.5% | 21.6% |
As of the latest ACS Survey released in 2023, Boise, ID is a predominantly white area, with 89.4% of the population identifying as white. The white population has grown by 8.5% in the last 5 years. The second most common race or ethnicity in Boise, ID is hispanic, making up 4.3% of the population. Foreign-born residents account for 3.6% of the population in Boise, ID, and this percentage has decreased by 51.4% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 89.4% | 8.5% |
% Black | 0.3% | -90.0% |
% Hispanic | 4.3% | -39.4% |
% Asian | 2.0% | -54.5% |
% Foreign Born | 3.6% | -51.4% |
Mortgage and Risk — Boise, ID
According to HUD data as of 2023, there were 270 mortgage originations in Boise, ID, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 16.0% above 90% LTV (elevated). This implies medium mortgage risk in Boise, ID. Investor activity is low, as 5.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 270 |
% Conventional Loans | 91.0% |
% Government Loans | 9.0% |
% Investor Loans | 5.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Boise, ID
As of 2024, the percent of homes in Boise, ID under the Section 8 program is 14.8%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Boise, ID, because HUD payments exceed market rent, while 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 439 |
Total Units Section 8 | 416 |
% Rentals under Section 8 | 14.8% |
% Occupied Section 8 | 92.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $260 | $1,260 | $1,520 |
| 2 Bedroom | $480 | $1,340 | $1,820 |
| 3 Bedroom | $400 | $2,150 | $2,550 |
| 4 Bedroom | -$450 | $3,500 | $3,050 |
Affordability — Boise, ID
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.7 |
| Median Home Price | $517,000 |
| Median Household Income | $74,400 |