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Boise, ID 83706 Real Estate Market Report

ZIP Code: 83706
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.


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.

Analysis Window
90 Days
Total Properties Analyzed
25
Active Listings
25
Sold Properties
0

Market Metrics

Median Listing Price
$699,900
Median Sold Price
$0
Median Price per Sqft
$352/sqft

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.


Rental Market

Median Market Rent
$1,561

Property Taxes

Property Tax Rate
0.60%

Liquidity & Velocity

Median Days on Market
111

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.

Price YoY Trend
up
Market Temperature
neutral
Rent YoY Trend
up
Interest Rate Pressure
moderate

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in the 83706 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.


Key Findings

  1. median sold price (unavailable) — The median sold price is not provided in the available metrics, which may reflect a limited sample of completed transactions or data lag in sales reporting for ZIP 83706; without this figure, rely on transaction-sensitive indicators (days on market and price trends) to assess realized market value.

  2. median listing price: $699,900 — The median listing price at $699,900, combined with a neutral market temperature, suggests seller expectations are holding firm even as the market shifts toward balance; this may indicate pricing friction between asking prices and transaction prices.

  3. median days on market: 111 — A median days on market of 111 indicates slower sales velocity relative to high-turn markets and, when paired with a description of relatively constrained active supply, may suggest buyers are taking more time to transact rather than a rapid collapse in demand.

  4. price year-over-year trend: up and rent year-over-year trend: up — Both property prices and rents moving up point to continued upward pressure on values and rental income, while interest rate pressure: moderate (current 30-year fixed mortgage rates averaging 6.5% in the area) is a moderating factor that may cap near-term upside and sustain measured buyer caution.


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.

Recent Transactions

2011 S Creekside Ln, Boise, ID 83706
Top Sale

Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.

4 beds
2.5 baths
2,994 sqft
$1,075,000
$359/sqft/sqft
1687 days on market
1100 E Wright St, Boise, ID 83706
Premium

Sold above market average

4 beds
2 baths
2,300 sqft
$1,050,000
$457/sqft/sqft
111 days on market
4008 W Edgemont St, Boise, ID 83706
Value

Sold below market average

4 beds
2.5 baths
3,118 sqft
$949,900
$305/sqft/sqft
2233 days on market
803 N Garden St, Boise, ID 83706
Premium

Sold above market average

4 beds
2 baths
2,028 sqft
$935,000
$461/sqft/sqft
67 days on market
809 E Pennsylvania Dr, Boise, ID 83706
Value

Sold below market average

4 beds
3.5 baths
2,882 sqft
$904,900
$314/sqft/sqft
117 days on market
3925 S Sutton Way, Boise, ID 83706
Market Benchmark

Quick sale indicating strong buyer demand and competitive market conditions.

4 beds
2.5 baths
2,362 sqft
$892,950
$378/sqft/sqft
18 days on market
3379 S Yorktown Ln, Boise, ID 83706
Value

Below-market acquisition. Investor purchase with value-add potential through renovation.

4 beds
2.5 baths
2,427 sqft
$759,950
$313/sqft/sqft
10 days on market
1021 N Marshall St, Boise, ID 83706
Premium

Sold above market average

2 beds
1 baths
1,224 sqft
$759,000
$620/sqft/sqft
365 days on market

Boise, ID 83706 Real Estate Market Report

ZIP Code: 83706
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.


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.

Analysis Window
90 Days
Total Properties Analyzed
6
Active Listings
6
Sold Properties
0

Market Metrics

Median Listing Price
$549,900
Median Sold Price
$0
Median Price per Sqft
$304/sqft

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.


Rental Market

Median Market Rent
$1,345

Property Taxes

Property Tax Rate
0.48%

Liquidity & Velocity

Median Days on Market
190

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.

Price YoY Trend
up
Market Temperature
neutral
Rent YoY Trend
up
Interest Rate Pressure
moderate

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in the 83706 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.


Key Findings

  1. median sold price is not available in the provided metrics; this may indicate a reporting lag or limited closed-sale sample for the ZIP and requires relying on listing-based signals and market trends until recent sold-data are reported (unavailable in the provided data).

  2. $549,900 median listing price is accompanied by a documented up price year-over-year trend, suggesting seller asking prices are elevated relative to prior periods and may reflect modest ongoing appreciation rather than rapid acceleration.

  3. median days on market: 190 indicates notably slower transaction velocity and suggests pricing friction or longer decision cycles for buyers even as the marketTemperature is described as neutral, implying a movement toward balance rather than a pronounced buyer- or seller-driven market.

  4. $1,345 median market rent and a documented up rent year-over-year trend, combined with moderate interestRatePressure and Current 30-year fixed mortgage rates in the 83706 area averaging 6.5%, suggest rental demand is firm while financing costs remain a moderate headwind for buyers and investors.


Notable Properties

The following 5 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.

Recent Transactions

3701 W Crescent Rim Dr Apt 406, Boise, ID 83706
Top Sale

Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.

2 beds
2.5 baths
2,176 sqft
$775,000
$356/sqft/sqft
98 days on market
3100 W Crescent Rim Dr Apt 308, Boise, ID 83706
Market Benchmark

Sold at market average

2 beds
1.5 baths
1,874 sqft
$599,900
$320/sqft/sqft
231 days on market
2272 S Gekeler Ln, Boise, ID 83706
Market Benchmark

Quick sale indicating strong buyer demand and competitive market conditions.

4 beds
2.5 baths
1,906 sqft
$549,900
$289/sqft/sqft
14 days on market
3651 S Gekeler Ln Apt 96, Boise, ID 83706
Value

Sold below market average

3 beds
2 baths
1,748 sqft
$397,000
$227/sqft/sqft
148 days on market
3559 S Gekeler Ln Apt 105, Boise, ID 83706
Premium

Sold above market average

1 beds
1 baths
796 sqft
$299,900
$377/sqft/sqft
1424 days on market

Data Sources

Real estate market data & public records, and GemHaus® proprietary models.

Report generated: 5/1/2026

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