Boise, ID 83704 Real Estate Market Report

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

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Executive Overview

As of February 2026, the median sold price in Boise, ID stands at $448,750, reflecting a stable market environment. The neighborhood has shown a flat price trend, indicating a balance between buyer and seller expectations. Despite slight fluctuations, the market remains competitive, with a median listing price of $487,450, suggesting some pricing friction as sellers adjust to current market realities.

The market is characterized by elevated inventory levels relative to sales activity, with a median of 198 days on market. This extended duration may indicate a slower sales velocity, allowing buyers to negotiate more effectively. The local economy continues to support steady population growth, which may contribute to ongoing demand, even as interest rates exert moderate pressure on affordability.

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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 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, average around 6.25% to 6.62%, which is notably higher than the 5.875% rate seen as recently as mid-February 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 of $448,750 suggests a stable market, despite a flat price year-over-year trend.

2. With a median days on market of 198, the market is experiencing slower sales velocity, which may allow buyers to negotiate better terms.

3. The median listing price of $487,450 indicates potential pricing friction as sellers adjust to the current market conditions.

4. The median market rent of $1,860 is up, reflecting ongoing demand for rental properties in the area.

5. Current mortgage rates averaging between 6.25% and 6.62% are contributing to moderate interest rate pressure, impacting 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.