Boise, ID 83705 Real Estate Market Report

ZIP Code: 83705
Report Date: February 2026
Market Temperature: HOT
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The median sold price in Boise, ID (ZIP: 83705) currently stands at $426,000, reflecting a stable market despite ongoing fluctuations in annual price appreciation. The market has shown signs of resilience, with prices trending up year-over-year, indicating a continued demand for housing in the area. This upward trajectory in sold prices suggests that buyers are willing to engage at these price points, even as inventory levels remain elevated relative to sales activity.

Transaction velocity appears to be slower, with properties averaging 237 days on market. This extended timeframe may indicate a degree of pricing friction, as sellers adjust expectations in response to the current market dynamics. The elevated interest rate pressure, with current mortgage rates around 6.62%, further complicates affordability for potential buyers, yet the strong local job growth and population influx continue to support housing demand. Overall, the market remains competitive, characterized by strong rental demand and modest appreciation, which may provide opportunities for investors and homeowners alike.

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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 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 for Boise ID 83705 area are around 6.62% compared to recent lows near 5.875% seen in 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 $426,000 indicates a resilient market despite elevated inventory levels.

2. Properties are spending an average of 237 days on market, suggesting slower sales velocity and potential pricing adjustments.

3. Year-over-year trends show that both sold prices and rents are up, reflecting ongoing demand in the housing market.

4. Current mortgage rates are around 6.62%, contributing to elevated interest rate pressure affecting buyer affordability.

5. The median market rent of $1,841 indicates robust rental demand, supporting the overall housing market dynamics.

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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.