Boise, ID 83703 Real Estate Market Report

ZIP Code: 83703
Report Date: February 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The median sold price in Boise, ID (ZIP: 83703) is currently $598,000, reflecting a stable market despite some fluctuations in the broader area. The neighborhood has increased up since 2023, indicating a positive trend in property values. The market is characterized by elevated inventory levels, which may suggest a slower sales velocity, as properties are taking a median of 265 days on market. This extended timeframe could indicate pricing friction as sellers adjust to current market conditions.

With a median listing price of $655,000, there is a notable gap between asking prices and sold prices, which may reflect seller expectations that are not fully aligned with buyer willingness to pay. The market temperature remains neutral, suggesting a balanced environment where neither buyers nor sellers have a definitive advantage. However, the elevated interest rate pressure could be impacting buyer activity, contributing to the slower transaction volume observed in recent months.

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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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Property Taxes

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Liquidity & Velocity

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Boise, ID, average around 6.01% to 6.62%, which is notably higher than recent 2026 purchase rates observed as low as 5.875% for property owners in this area.

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. $598,000 is the median sold price, indicating a stable market despite fluctuations in broader trends.

2. The market temperature is neutral, suggesting a balanced environment for buyers and sellers.

3. Properties are experiencing a median of 265 days on market, indicating slower sales velocity and potential pricing friction.

4. The median listing price of $655,000 shows a significant gap from the median sold price, suggesting seller expectations may be misaligned with market realities.

5. Elevated interest rate pressure is impacting buyer activity, contributing to a slower transaction volume.

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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.