Boise, ID—83706
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 $494,000, with a year-over-year change of 0.5%. This indicates that home prices in Boise, ID are flat. According to Zillow, the 1-year price projection is 0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $494,000 | 0.5% |
| Single Family | $504,000 | 0.8% |
| Condos | $339,000 | 0.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $266,000 | -0.7% |
2 Bed | $399,000 | -0.2% |
3 Bed | $502,000 | 0.8% |
4 Bed | $653,000 | 2.4% |
| 5 Bed | $785,000 | 2.2% |
% 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 -8.0%. Per bedroom, the median rent as of July '25 in Boise, ID is studios: $956, 1-bedrooms: $1,180, 2-bedrooms: $1,530, 3-bedrooms: $2,080, 4-bedrooms: $2,640. The most common rental property sizes in Boise, ID are 2-bedroom and 3-bedroom, accounting for 43.1% and 20.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,450 | $1,620 |
| Studio Rent | $845 | $956 |
| 1 Bed Rent | $1,140 | $1,180 |
| 2 Bed Rent | $1,400 | $1,530 |
| 3 Bed Rent | $2,100 | $2,080 |
| 4 Bed Rent | $2,550 | $2,640 |
% 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 55. This is a decrease of 0.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 35.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $555,000 | -2.0% |
Listing Count | 97 | 14.0% |
| Listings as % of Homes | 0.3% | 14.0% |
Days on Market | 55 | 0.0% |
Demographics — Boise, ID
As of the latest ACS Survey released in 2023, Boise, ID has a population of 36,200, which has increased by 10.1% over the past 5 years. Boise, ID is a less popular place for families, as children make up 12.1% of the population. The area has a highly educated workforce, with 56.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 36,200 | 10.1% |
% Under 18 | 12.1% | -27.1% |
% Seniors | 13.1% | 4.8% |
% WFH | 16.3% | 365.7% |
% w/ College Degree | 56.9% | 14.3% |
As of the latest ACS Survey released in 2023, Boise, ID is a predominantly white area, with 80.7% of the population identifying as white. The white population has shrunk by 4.3% in the last 5 years. The second most common race or ethnicity in Boise, ID is hispanic, making up 9.1% of the population. Foreign-born residents account for 6.7% of the population in Boise, ID, and this percentage has decreased by 2.9% 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 | 80.7% | -4.3% |
% Black | 0.7% | -63.2% |
% Hispanic | 9.1% | 30.0% |
% Asian | 4.5% | 32.4% |
% Foreign Born | 6.7% | -2.9% |
Mortgage and Risk — Boise, ID
According to HUD data as of 2023, there were 427 mortgage originations in Boise, ID, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 16.0% above 90% LTV (elevated). This implies medium mortgage risk in Boise, ID. Investor activity is low, as 4.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 427 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Boise, ID
As of 2024, the percent of homes in Boise, ID under the Section 8 program is 3.6%. 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. In Boise, ID, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 249 |
Total Units Section 8 | 249 |
% Rentals under Section 8 | 3.6% |
% Occupied Section 8 | 86.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $480 | $1,140 | $1,620 |
| 2 Bedroom | $540 | $1,400 | $1,940 |
| 3 Bedroom | $620 | $2,100 | $2,720 |
| 4 Bedroom | $700 | $2,550 | $3,250 |
Affordability — Boise, ID
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.8 |
| Median Home Price | $494,000 |
| Median Household Income | $81,100 |