Boise, ID 83704 Real Estate Market Report

ZIP Code: 83704
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of April 2026, the real estate market in Boise, ID (ZIP: 83704) is characterized by a median sold price of $404,400, reflecting a stable market environment. While specific historical sold price change data is not available, the market appears to be experiencing slight upward pressure on prices, with a year-over-year trend indicating that prices are up. This suggests a resilient demand despite broader economic forecasts.

The market is currently exhibiting elevated inventory levels, which may indicate a more balanced environment. The median days on market stands at 285, suggesting a slower sales velocity, yet well-priced homes continue to attract buyers quickly. The median listing price of $605,000 indicates a significant gap compared to sold prices, which may reflect seller expectations that are not fully aligned with current market realities. Overall, the market temperature is assessed as neutral, indicating a balanced state between buyers and sellers.

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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

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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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 6.62% compared to 6.36% in March 2026.

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 is $404,400, indicating a stable market with upward price pressure.

2. The median listing price of $605,000 suggests a notable gap compared to sold prices, reflecting potential pricing friction.

3. With 285 days on market, the market is experiencing slower sales velocity, indicating a need for strategic pricing.

4. The median market rent is $1,860, which is also up year-over-year, suggesting strong rental demand.

5. Current interest rates are averaging 6.62%, which may exert moderate pressure on buyer affordability.

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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.