Boise, ID—83716
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 $616,000, with a year-over-year change of 2.1%. 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 | $616,000 | 2.1% |
| Single Family | $622,000 | 2.0% |
| Condos | $411,000 | 2.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $310,000 | -2.8% |
2 Bed | $427,000 | 0.9% |
3 Bed | $574,000 | 2.1% |
4 Bed | $711,000 | 2.7% |
| 5 Bed | $874,000 | 3.3% |
% of Housing Stock
Rental Trends — Boise, ID
As of July '25, Rentcast reports the average rent in Boise, ID is $2,420, with a year-over-year rent change of -4.3%. Per bedroom, the median rent as of July '25 in Boise, ID is 1-bedrooms: $1,580, 2-bedrooms: $2,080, 3-bedrooms: $2,630, 4-bedrooms: $2,760. The most common rental property sizes in Boise, ID are 3-bedroom and 2-bedroom, accounting for 50.7% and 30.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,400 | $2,420 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,600 | $1,580 |
| 2 Bed Rent | $2,040 | $2,080 |
| 3 Bed Rent | $2,540 | $2,630 |
| 4 Bed Rent | $2,700 | $2,760 |
% 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 58. This is a increase of 3.0% 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 19.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $694,000 | 10.0% |
Listing Count | 155 | 25.0% |
| Listings as % of Homes | 1.1% | 25.0% |
Days on Market | 58 | 3.0% |
Demographics — Boise, ID
As of the latest ACS Survey released in 2023, Boise, ID has a population of 21,100, which has increased by 23.5% over the past 5 years. Boise, ID is a moderately popular place for families, as children make up 22.9% of the population. The area has a highly educated workforce, with 58.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 21,100 | 23.5% |
% Under 18 | 22.9% | -14.9% |
% Seniors | 13.9% | 18.8% |
% WFH | 19.1% | 148.1% |
% w/ College Degree | 58.4% | 10.8% |
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 5.3% in the last 5 years. The second most common race or ethnicity in Boise, ID is asian, making up 8.8% of the population. Foreign-born residents account for 10.6% of the population in Boise, ID, and this percentage has increased by 20.5% 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% | -5.3% |
% Black | 0.8% | -61.9% |
% Hispanic | 6.5% | 25.0% |
% Asian | 8.8% | 11.4% |
% Foreign Born | 10.6% | 20.5% |
Mortgage and Risk — Boise, ID
According to HUD data as of 2023, there were 554 mortgage originations in Boise, ID, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 17.0% above 90% LTV (elevated). This implies medium mortgage risk in Boise, ID. Investor activity is low, as 3.0% 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 | 554 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 3.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 12.0% |
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 | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $460 | $1,600 | $2,060 |
| 2 Bedroom | $430 | $2,040 | $2,470 |
| 3 Bedroom | $920 | $2,540 | $3,460 |
| 4 Bedroom | $1,440 | $2,700 | $4,140 |
Affordability — Boise, ID
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.7 |
| Median Home Price | $616,000 |
| Median Household Income | $126,000 |