Boise, ID—83712
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 $769,000, with a year-over-year change of 1.5%. This indicates that home prices in Boise, ID are increasing. According to Zillow, the 1-year price projection is 0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $769,000 | 1.5% |
| Single Family | $779,000 | 1.7% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $539,000 | 2.3% |
3 Bed | $709,000 | 1.3% |
4 Bed | $928,000 | 1.8% |
| 5 Bed | $1,218,000 | 1.8% |
% of Housing Stock
Rental Trends — Boise, ID
As of July '25, Rentcast reports the average rent in Boise, ID is $1,830, with a year-over-year rent change of -7.6%. Per bedroom, the median rent as of July '25 in Boise, ID is studios: $1,170, 1-bedrooms: $1,340, 2-bedrooms: $1,480, 3-bedrooms: $2,600. The most common rental property sizes in Boise, ID are 1-bedroom and 2-bedroom, accounting for 39.1% and 31.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,400 | $1,830 |
| Studio Rent | $795 | $1,170 |
| 1 Bed Rent | $1,300 | $1,340 |
| 2 Bed Rent | $1,340 | $1,480 |
| 3 Bed Rent | $2,150 | $2,600 |
| 4 Bed Rent | N/A | N/A |
% 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 47. This is a increase of 31.0% 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 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,540,000 | 13.0% |
Listing Count | 46 | 10.0% |
| Listings as % of Homes | 0.8% | 10.0% |
Days on Market | 47 | 31.0% |
Demographics — Boise, ID
As of the latest ACS Survey released in 2023, Boise, ID has a population of 9,310, which has decreased by -2.2% over the past 5 years. Boise, ID is a moderately popular place for families, as children make up 16.7% of the population. The area has a highly educated workforce, with 62.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 9,310 | -2.2% |
% Under 18 | 16.7% | -11.6% |
% Seniors | 19.5% | 17.5% |
% WFH | 14.3% | 36.2% |
% w/ College Degree | 62.5% | -5.0% |
As of the latest ACS Survey released in 2023, Boise, ID is a predominantly white area, with 87.2% of the population identifying as white. The white population has shrunk by 2.8% in the last 5 years. The second most common race or ethnicity in Boise, ID is hispanic, making up 3.6% of the population. Foreign-born residents account for 5.2% of the population in Boise, ID, and this percentage has increased by 13.0% 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 | 87.2% | -2.8% |
% Black | 1.8% | 100.0% |
% Hispanic | 3.6% | -20.0% |
% Asian | 2.4% | -11.1% |
% Foreign Born | 5.2% | 13.0% |
Mortgage and Risk — Boise, ID
According to HUD data as of 2023, there were 176 mortgage originations in Boise, ID, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 7.0% above 90% LTV (normal). This implies small mortgage risk in Boise, ID. Investor activity is low, as 1.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 176 |
% Conventional Loans | 95.0% |
% Government Loans | 5.0% |
% Investor Loans | 1.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Boise, ID
Boise, ID lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 83 |
Total Units Section 8 | 83 |
% Rentals under Section 8 | 4.4% |
% Occupied Section 8 | 94.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $170 | $1,300 | $1,470 |
| 2 Bedroom | $420 | $1,340 | $1,760 |
| 3 Bedroom | $320 | $2,150 | $2,470 |
| 4 Bedroom | N/A | N/A | $2,950 |
Affordability — Boise, ID
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7 |
| Median Home Price | $769,000 |
| Median Household Income | $106,000 |