Boise, ID 83705 Real Estate Market Report

ZIP Code: 83705
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

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 the 83705 area are averaging 6.5%, reflecting a stable market environment for property owners compared to early 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 currently unavailable in the provided sample data, which limits direct transaction-based valuation; the absence of a recorded median sold price may indicate either very low recent closed-sales volume in the analyzed sample or data-lag in reported transactions, so rely on listing and trend signals until sold-price data is present. unavailable

2. median listing price is 475,000, and combined with a median days on market of 231 this suggests slower sales velocity and pricing friction amid elevated inventory relative to sales activity; given the market temperature is neutral, sellers may need to be realistic on price or terms to achieve a representative recent sale.

3. Market direction shows prices up (price year-over-year trend: up) while rents are also rising (rent year-over-year trend: up)—supporting both homeowner and investor interest; local income/rent context includes a median market rent of 1,395 and a median price per square foot of 310, which frames current valuation and rent-conversion assumptions.

4. Interest-rate conditions are exerting moderate pressure (interest rate pressure: moderate) with local 30-year fixed mortgage rates averaging 6.5%, which, together with elevated inventory relative to sales activity, appears to give buyers modest leverage even as the market remains broadly neutral rather than one-sided.

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Notable Properties

The following 1 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 83705 Real Estate Market Report

ZIP Code: 83705
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

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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 83705 area are averaging 6.5%, reflecting a stable market environment for property owners compared to early 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 available in the supplied metrics, which means recent transaction-level pricing cannot be stated precisely from this dataset; this absence may reflect a very small number of closed sales in the sample or data timing/collection limits and suggests caution when using listing-based signals as a proxy for realized value.

2. The median listing price is 244,889, while other snapshot signals (notably a median days on market of 42) and the sample composition suggest moderate transaction velocity with potential pricing friction between asking and realized prices.

3. Market trend signals show prices are up year-over-year and rent is up year-over-year, supporting continued modest appreciation pressure, while the reported market temperature is neutral, which appears to indicate a relatively balanced short-term market.

4. Inventory context in the analyzed sample indicates elevated inventory relative to sales activity, and combined with moderate interest rate pressure and reported local mortgage rates averaging 6.5%, this may give buyers some incremental leverage even as sellers retain influence in pricing discussions.

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Notable Properties

The following 1 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.