Boise, ID post-pandemic correction underway after explosive 2021-22 growth; fundamentals remain sound for long-term holds. This report covers current market conditions, investment fundamentals, and key metrics for real estate buyers and investors.
Current Market Snapshot
Investment Analysis
With a gross yield of 4.6% and a median price of $445,000, Boise sits at the lower end of the yield spectrum. A typical 2-bedroom property rents for approximately $1,705/month based on HUD Fair Market Rent data.
The affordability index of 78 suggests housing costs exceed what the median household can comfortably afford — watch for affordability-driven demand moderation.
Market Temperature: Cool
With a median DOM of 45 days and approximately 2,400 active listings and a buyer-favourable environment, Boise's market is currently classified as cool. Rising inventory gives buyers negotiating leverage; sellers should price aggressively.
Key Data Points
| Metric | Value |
|---|---|
| Median Sale Price | $445,000 |
| YoY Price Change | -2.5% |
| Median Days on Market | 45 days |
| Active Listings | 2,400 |
| Est. 2BR Fair Market Rent | $1,705/mo |
| Gross Rental Yield | 4.6% |
| Median Household Income | $72,000 |
| Affordability Index | 78 |
Getting Live Data via API
ZipMarketData provides live data for all ZIP codes within the Boise, ID metro. Use the /market-stats endpoint with any Boise ZIP code for the most current figures.