Boise, ID 83706 Real Estate Market Report

ZIP Code: 83706
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: 83706) stands at $534,500, reflecting a robust market environment. This price point indicates a healthy demand for homes, even as the market grapples with elevated inventory levels. The neighborhood has increased up since 2023, suggesting a positive trajectory in home values.

Current market conditions reveal a median days on market of 242, indicating slower sales velocity, which may suggest that buyers are taking more time to make purchasing decisions. Despite this, the market temperature remains hot, supported by strong local job growth and a slight decrease in median market rent to $2,000, which may be influencing buyer behavior positively. The overall landscape is characterized by a balance of elevated inventory relative to sales activity, creating opportunities for both 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

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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 the Boise ID market average around 6.09% as of mid-February 2026, which is 0.78% lower than the 6.87% average from one year prior.

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 $534,500 indicates strong demand despite elevated inventory levels.

2. With a median days on market of 242, the market is experiencing slower sales velocity, suggesting buyers are more cautious.

3. The median listing price at $572,000 reflects pricing friction, as it exceeds the median sold price, indicating seller expectations may be high.

4. The median market rent has decreased to $2,000, which may influence buyer decisions and overall housing demand.

5. Current 30-year fixed mortgage rates are averaging around 6.09%, which is down from 6.87% last year, potentially easing some pressure on buyers.

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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.