Boise, ID 83702 Real Estate Market Report

ZIP Code: 83702
Report Date: February 2026
Market Temperature: HOT
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The median sold price in Boise, ID is $850,000, reflecting a stable market environment. The neighborhood has experienced a flat price trend, indicating that while prices have not significantly increased or decreased, they remain resilient amidst varying market conditions. This stability is crucial for potential buyers and sellers as it suggests a balanced market, where pricing expectations align closely with actual transaction values.

Current inventory levels indicate elevated supply relative to sales activity, which may suggest a slower sales velocity. The median days on market stands at 249 days, highlighting a trend toward longer transaction timelines. Despite this, the market temperature is classified as hot, driven by moderate interest rates around 5.92% to 6.01%. This combination of factors points to a competitive environment, particularly as relocation interest continues to rise, potentially favoring sellers in the long run.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Liquidity & Velocity

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Market Trends & Context

Understanding Market Temperature

A Hot market indicates strong buyer demand with limited inventory, typically characterized by rising prices, quick sales (low days on market), and inventory levels below historical averages.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Boise ID are around 5.92% to 6.01%, which is slightly lower than the average 6.65% seen for 2026 originations in this market.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

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Key Findings

1. The median sold price of $850,000 indicates a stable market with no significant fluctuations in recent transactions.

2. With 249 days on market, the sales velocity appears slower, suggesting that properties may take longer to sell than in previous periods.

3. The median listing price of $897,450 reflects seller expectations that are slightly above recent sales, indicating potential pricing friction.

4. The market temperature is classified as hot, suggesting strong buyer interest despite elevated inventory levels.

5. The median market rent of $2,159 is on the rise, indicating increasing demand for rental properties in the area.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.