Boise, ID 83706 Real Estate Market Report

ZIP Code: 83706
Report Date: February 2026
Market Temperature: NEUTRAL
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 $530,000, reflecting a stable market with no significant fluctuations in recent months. This price point indicates a market that has maintained its value, suggesting that buyers are willing to meet seller expectations despite elevated inventory levels. The market appears to be stabilizing, moving away from previous frenzy conditions, which may indicate a shift towards a more balanced transaction environment.

Transaction activity has shown moderate velocity, with properties spending a median of 252 days on the market. This extended timeframe suggests a slower sales velocity, potentially due to elevated inventory relative to sales activity. While the overall market temperature remains neutral, the presence of excess supply may create opportunities for buyers, particularly in core areas where demand continues to be supported by underlying population growth.

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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 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 Boise market around 5.92% are lower than the recent 2026 average of 6.62%, presenting a cost opportunity for property owners.

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 $530,000 indicates a stable market environment with no significant fluctuations recently.

2. Properties are taking a median of 252 days on the market, suggesting a slower sales velocity and potential pricing friction.

3. The median listing price of $602,000 reflects seller expectations that may not align with current buyer sentiment, indicating possible negotiation opportunities.

4. With median market rent at $2,000, rental demand remains strong, contributing to the overall housing demand in the area.

5. The market temperature is neutral, suggesting a balanced environment where neither buyers nor sellers hold a distinct advantage.

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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.