Boise, ID—83709
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 $471,000, with a year-over-year change of 0.8%. 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 | $471,000 | 0.8% |
| Single Family | $472,000 | 1.1% |
| Condos | $305,000 | 1.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $340,000 | -0.9% |
3 Bed | $443,000 | 0.5% |
4 Bed | $528,000 | 1.7% |
| 5 Bed | $617,000 | 2.3% |
% of Housing Stock
Rental Trends — Boise, ID
As of July '25, Rentcast reports the average rent in Boise, ID is $2,080, with a year-over-year rent change of 3.5%. Per bedroom, the median rent as of July '25 in Boise, ID is 1-bedrooms: $1,390, 2-bedrooms: $1,600, 3-bedrooms: $2,130, 4-bedrooms: $2,430. The most common rental property sizes in Boise, ID are 3-bedroom and 2-bedroom, accounting for 46.4% and 24.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,150 | $2,080 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,320 | $1,390 |
| 2 Bed Rent | $1,600 | $1,600 |
| 3 Bed Rent | $2,190 | $2,130 |
| 4 Bed Rent | $2,500 | $2,430 |
% 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 36. This is a increase of 4.0% 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 40.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $511,000 | 1.0% |
Listing Count | 206 | -14.0% |
| Listings as % of Homes | 1.0% | -14.0% |
Days on Market | 36 | 4.0% |
Demographics — Boise, ID
As of the latest ACS Survey released in 2023, Boise, ID has a population of 58,600, which has remained stable by 0.2% over the past 5 years. Boise, ID is a popular place for families, as children make up 25.2% of the population. The area has a moderately educated workforce, with 36.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 58,600 | 0.2% |
% Under 18 | 25.2% | -1.9% |
% Seniors | 15.0% | 12.8% |
% WFH | 13.6% | 177.6% |
% w/ College Degree | 36.9% | 9.2% |
As of the latest ACS Survey released in 2023, Boise, ID is a predominantly white area, with 81.6% of the population identifying as white. The white population has shrunk by 1.8% in the last 5 years. The second most common race or ethnicity in Boise, ID is hispanic, making up 8.4% of the population. Foreign-born residents account for 6.5% of the population in Boise, ID, and this percentage has increased by 18.2% 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 | 81.6% | -1.8% |
% Black | 2.0% | -9.1% |
% Hispanic | 8.4% | 21.7% |
% Asian | 3.1% | -3.1% |
% Foreign Born | 6.5% | 18.2% |
Mortgage and Risk — Boise, ID
According to HUD data as of 2023, there were 535 mortgage originations in Boise, ID, of which 79.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Boise, ID. Investor activity is low, as 1.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 535 |
% Conventional Loans | 79.0% |
% Government Loans | 21.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Boise, ID
As of 2024, the percent of homes in Boise, ID under the Section 8 program is 1.5%. 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 | 70 |
Total Units Section 8 | 69 |
% Rentals under Section 8 | 1.5% |
% Occupied Section 8 | 91.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $560 | $1,320 | $1,880 |
| 2 Bedroom | $650 | $1,600 | $2,250 |
| 3 Bedroom | $960 | $2,190 | $3,150 |
| 4 Bedroom | $1,270 | $2,500 | $3,770 |
Affordability — Boise, ID
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.1 |
| Median Home Price | $471,000 |
| Median Household Income | $88,900 |