Boise, ID 83703 Real Estate Market Report

ZIP Code: 83703
Report Date: April 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 (83703) stands at $499,900, reflecting a stable market environment. Recent trends indicate that the neighborhood has increased up since 2023, suggesting a gradual appreciation in property values. This positive trajectory is supported by a robust rental market, with median market rent reaching $1,841, further indicating strong demand for housing in the area.

Despite the favorable pricing environment, the market is characterized by elevated inventory levels, leading to a neutral market temperature. The median days on market is notably high at 400 days, suggesting slower sales velocity and a potential for pricing friction as buyers navigate through a landscape of excess supply relative to sales activity. This dynamic may provide buyers with increased negotiating power, even as sellers still maintain a favorable position due to the overall upward trend in prices.

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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 are averaging 6.38%, which is 0.27% higher than the 6.11% average seen in March 2025.

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 $499,900 indicates a stable market, with prices showing an up trend since 2023.

2. With a median days on market of 400, the market is experiencing slower sales velocity, suggesting potential pricing friction.

3. Elevated inventory levels suggest excess supply relative to sales activity, which may provide buyers with more options and negotiating power.

4. The median market rent of $1,841 reflects strong rental demand, supporting the overall housing market in the area.

5. Current interest rate pressure is moderate, with 30-year fixed mortgage rates averaging 6.38%, slightly higher than the previous year.

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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.