Boise, ID—83705
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 $413,000, with a year-over-year change of -0.9%. This indicates that home prices in Boise, ID are flat. According to Zillow, the 1-year price projection is 0.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $413,000 | -0.9% |
| Single Family | $417,000 | -0.7% |
| Condos | $287,000 | -4.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $309,000 | -1.3% |
2 Bed | $356,000 | -1.9% |
3 Bed | $429,000 | -0.5% |
4 Bed | $501,000 | 0.2% |
| 5 Bed | $574,000 | 0.7% |
% of Housing Stock
Rental Trends — Boise, ID
As of July '25, Rentcast reports the average rent in Boise, ID is $1,620, with a year-over-year rent change of 0.0%. Per bedroom, the median rent as of July '25 in Boise, ID is studios: $1,920, 1-bedrooms: $1,200, 2-bedrooms: $1,460, 3-bedrooms: $2,200, 4-bedrooms: $2,800. The most common rental property sizes in Boise, ID are 2-bedroom and 1-bedroom, accounting for 56.1% and 18.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,400 | $1,620 |
| Studio Rent | $995 | $1,920 |
| 1 Bed Rent | $1,200 | $1,200 |
| 2 Bed Rent | $1,400 | $1,460 |
| 3 Bed Rent | $2,100 | $2,200 |
| 4 Bed Rent | $2,800 | $2,800 |
% 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 42. This is a decrease of -5.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 22.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $436,000 | 1.0% |
Listing Count | 98 | -2.0% |
| Listings as % of Homes | 0.4% | -2.0% |
Days on Market | 42 | -5.0% |
Demographics — Boise, ID
As of the latest ACS Survey released in 2023, Boise, ID has a population of 27,500, which has remained stable by -1.0% over the past 5 years. Boise, ID is a moderately popular place for families, as children make up 17.5% of the population. The area has a moderately educated workforce, with 37.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 27,500 | -1.0% |
% Under 18 | 17.5% | -12.9% |
% Seniors | 14.4% | 12.5% |
% WFH | 13.0% | 293.9% |
% w/ College Degree | 37.6% | 30.1% |
As of the latest ACS Survey released in 2023, Boise, ID is a predominantly white area, with 76.5% of the population identifying as white. The white population has shrunk by 6.5% in the last 5 years. The second most common race or ethnicity in Boise, ID is hispanic, making up 13.0% of the population. Foreign-born residents account for 8.8% of the population in Boise, ID, and this percentage has increased by 39.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 76.5% | -6.5% |
% Black | 2.9% | 70.6% |
% Hispanic | 13.0% | 15.0% |
% Asian | 3.0% | 114.3% |
% Foreign Born | 8.8% | 39.7% |
Mortgage and Risk — Boise, ID
According to HUD data as of 2023, there were 481 mortgage originations in Boise, ID, of which 88.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Boise, ID. Investor activity is low, as 4.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 481 |
% Conventional Loans | 88.0% |
% Government Loans | 12.0% |
% Investor Loans | 4.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Boise, ID
As of 2024, the percent of homes in Boise, ID under the Section 8 program is 9.0%. 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 | 532 |
Total Units Section 8 | 528 |
% Rentals under Section 8 | 9.0% |
% Occupied Section 8 | 89.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $190 | $1,200 | $1,390 |
| 2 Bedroom | $270 | $1,400 | $1,670 |
| 3 Bedroom | $240 | $2,100 | $2,340 |
| 4 Bedroom | $0 | $2,800 | $2,800 |
Affordability — Boise, ID
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.4 |
| Median Home Price | $413,000 |
| Median Household Income | $62,600 |