Boise, ID—83713
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 $462,000, with a year-over-year change of -0.2%. 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 | $462,000 | -0.2% |
| Single Family | $463,000 | 0.0% |
| Condos | $464,000 | 1.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $339,000 | -0.3% |
3 Bed | $424,000 | -1.2% |
4 Bed | $535,000 | 1.1% |
| 5 Bed | $684,000 | 0.6% |
% of Housing Stock
Rental Trends — Boise, ID
As of July '25, Rentcast reports the average rent in Boise, ID is $1,940, with a year-over-year rent change of 6.6%. Per bedroom, the median rent as of July '25 in Boise, ID is studios: $1,870, 1-bedrooms: $1,280, 2-bedrooms: $1,470, 3-bedrooms: $2,250, 4-bedrooms: $2,370. The most common rental property sizes in Boise, ID are 3-bedroom and 2-bedroom, accounting for 41.2% and 30.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,900 | $1,940 |
| Studio Rent | $1,870 | $1,870 |
| 1 Bed Rent | $1,250 | $1,280 |
| 2 Bed Rent | $1,450 | $1,470 |
| 3 Bed Rent | $2,100 | $2,250 |
| 4 Bed Rent | $2,400 | $2,370 |
% 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 57. This is a increase of 15.0% 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 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $475,000 | -5.0% |
Listing Count | 86 | 4.0% |
| Listings as % of Homes | 0.5% | 4.0% |
Days on Market | 57 | 15.0% |
Demographics — Boise, ID
As of the latest ACS Survey released in 2023, Boise, ID has a population of 30,000, which has decreased by -2.3% over the past 5 years. Boise, ID is a moderately popular place for families, as children make up 23.2% of the population. The area has a moderately educated workforce, with 42.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 30,000 | -2.3% |
% Under 18 | 23.2% | -21.1% |
% Seniors | 15.5% | 21.1% |
% WFH | 16.9% | 141.4% |
% w/ College Degree | 42.4% | 9.0% |
As of the latest ACS Survey released in 2023, Boise, ID is a predominantly white area, with 79.2% of the population identifying as white. The white population has shrunk by 3.9% in the last 5 years. The second most common race or ethnicity in Boise, ID is hispanic, making up 9.6% of the population. Foreign-born residents account for 8.6% of the population in Boise, ID, and this percentage has increased by 72.0% 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 | 79.2% | -3.9% |
% Black | 1.5% | -34.8% |
% Hispanic | 9.6% | -5.0% |
% Asian | 3.0% | -18.9% |
% Foreign Born | 8.6% | 72.0% |
Mortgage and Risk — Boise, ID
According to HUD data as of 2023, there were 372 mortgage originations in Boise, ID, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Boise, ID. Investor activity is low, as 3.0% of loans were by investors. 19.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 372 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 19.0% |
Loan Activity
Rentals and Section 8 — Boise, ID
As of 2024, the percent of homes in Boise, ID under the Section 8 program is 4.0%. 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. 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 | 113 |
Total Units Section 8 | 113 |
% Rentals under Section 8 | 4.0% |
% Occupied Section 8 | 91.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $560 | $1,250 | $1,810 |
| 2 Bedroom | $720 | $1,450 | $2,170 |
| 3 Bedroom | $940 | $2,100 | $3,040 |
| 4 Bedroom | $1,240 | $2,400 | $3,640 |
Affordability — Boise, ID
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.2 |
| Median Home Price | $462,000 |
| Median Household Income | $86,400 |