Boise, ID—83714
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 $551,000, with a year-over-year change of 1.4%. This indicates that home prices in Boise, ID are increasing. According to Zillow, the 1-year price projection is 0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $551,000 | 1.4% |
| Single Family | $553,000 | 1.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $406,000 | 0.0% |
3 Bed | $520,000 | 0.8% |
4 Bed | $803,000 | 1.9% |
| 5 Bed | $1,063,000 | 3.0% |
% of Housing Stock
Rental Trends — Boise, ID
As of July '25, Rentcast reports the average rent in Boise, ID is $2,400, with a year-over-year rent change of 4.3%. Per bedroom, the median rent as of July '25 in Boise, ID is studios: $1,510, 1-bedrooms: $1,400, 2-bedrooms: $1,730, 3-bedrooms: $2,300, 4-bedrooms: $4,370. The most common rental property sizes in Boise, ID are 2-bedroom and 3-bedroom, accounting for 46.6% and 37.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,100 | $2,400 |
| Studio Rent | $1,420 | $1,510 |
| 1 Bed Rent | $1,370 | $1,400 |
| 2 Bed Rent | $1,600 | $1,730 |
| 3 Bed Rent | $2,200 | $2,300 |
| 4 Bed Rent | $3,200 | $4,370 |
% 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 43. This is a increase of 5.0% 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 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $779,000 | -3.0% |
Listing Count | 219 | 20.0% |
| Listings as % of Homes | 1.1% | 20.0% |
Days on Market | 43 | 5.0% |
Demographics — Boise, ID
As of the latest ACS Survey released in 2023, Boise, ID has a population of 27,000, which has increased by 24.0% over the past 5 years. Boise, ID is a moderately popular place for families, as children make up 22.4% of the population. The area has a moderately educated workforce, with 44.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 27,000 | 24.0% |
% Under 18 | 22.4% | 8.2% |
% Seniors | 19.9% | 1.0% |
% WFH | 18.2% | 75.0% |
% w/ College Degree | 44.5% | 19.3% |
As of the latest ACS Survey released in 2023, Boise, ID is a predominantly white area, with 85.8% of the population identifying as white. The white population has shrunk by 3.6% in the last 5 years. The second most common race or ethnicity in Boise, ID is hispanic, making up 8.8% of the population. Foreign-born residents account for 4.7% of the population in Boise, ID, and this percentage has increased by 2.2% 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 | 85.8% | -3.6% |
% Black | 0.8% | 0.0% |
% Hispanic | 8.8% | 4.8% |
% Asian | 0.9% | 125.0% |
% Foreign Born | 4.7% | 2.2% |
Mortgage and Risk — Boise, ID
According to HUD data as of 2023, there were 455 mortgage originations in Boise, ID, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 50.0%, with 12.0% above 90% LTV (elevated). This implies medium mortgage risk in Boise, ID. Investor activity is low, as 2.0% 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 | 455 |
% Conventional Loans | 91.0% |
% Government Loans | 9.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% 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 7.9%. 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 | 232 |
Total Units Section 8 | 225 |
% Rentals under Section 8 | 7.9% |
% Occupied Section 8 | 92.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $180 | $1,370 | $1,550 |
| 2 Bedroom | $260 | $1,600 | $1,860 |
| 3 Bedroom | $410 | $2,200 | $2,610 |
| 4 Bedroom | -$80 | $3,200 | $3,120 |
Affordability — Boise, ID
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.1 |
| Median Home Price | $551,000 |
| Median Household Income | $86,100 |