Boise, ID 83704 Real Estate Market Report

ZIP Code: 83704
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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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

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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 the 83704 area average 6.5%, reflecting a stable market environment for property owners compared to earlier 2026 benchmarks.

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. median sold price is not provided in the supplied metrics, so a representative recent transaction price cannot be confirmed from these data; this metric may be unavailable due to reporting lag or limited closed-sale sample coverage in the analyzed dataset. neutral

2. median listing price is $559,495 which provides the current asking-price snapshot but should be treated cautiously as a proxy for transaction value since the actual median sold price is unavailable; this suggests sellers’ expectations remain elevated relative to earlier down-trending prices.

3. median days on market is 57, indicating slower sales velocity and that properties are taking longer to transact than in a hot market, which may contribute to pricing friction and more negotiation room for buyers.

4. interest rate pressure is elevated and local 30-year fixed mortgage rates average 6.5%, which, together with a down rent year-over-year trend and a neutral market temperature, suggests financing costs are a material headwind for buyer affordability and could sustain the market’s transition toward balance rather than rapid price appreciation.

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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.

Boise, ID 83704 Real Estate Market Report

ZIP Code: 83704
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

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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

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Property Taxes

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Liquidity & Velocity

Liquidity metrics unavailable due to insufficient data quality.

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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 the 83704 area average 6.5%, reflecting a stable market environment for property owners compared to earlier 2026 benchmarks.

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. median sold price is the primary indicator of market value and recent transaction activity, but a median sold price value is not provided in the supplied metrics, so recent transaction-level pricing must be interpreted using available trend and contextual metrics rather than a snapshot sale price.

2. price year-over-year trend is down and the broader market temperature is neutral, which suggests softening in sale prices while the market remains relatively balanced rather than decisively favoring buyers or sellers.

3. market temperature is neutral combined with observed increases in active supply in the sample, which appears to indicate elevated inventory relative to sales activity and may result in pricing friction or slower sales velocity for properties not competitively priced.

4. median market rent is 1,495, with rent year-over-year trend down; at the same time interest rate pressure is elevated and local mortgage conditions show Current 30-year fixed mortgage rates averaging 6.5%, which may suppress buyer affordability and keep upward pressure off both rents and sale prices in the near term.

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Notable Properties

The following 4 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.