Boise, ID 83709 Real Estate Market Report

ZIP Code: 83709
Report Date: March 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: 83709) stands at $426,007, reflecting a stable market with slight upward pressure on home prices. This stability is supported by improving buyer affordability due to moderating interest rates. The neighborhood has increased 15% since 2023, indicating a positive trend in property values.

Market conditions are characterized by elevated inventory levels, suggesting a balance between buyer activity and available properties. The median days on market is notably long at 784 days, which may indicate slower sales velocity. However, the overall market temperature remains neutral, with sustained buyer interest driven by local economic growth and a strong rental demand, which supports modest rent increases.

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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

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 Boise, ID, around 6.38% are slightly lower than the 6.43% average from the week prior, presenting a minor cost opportunity for new financing.

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. $426,007 is the median sold price, indicating a stable market with slight upward pressure on home prices.

2. The market temperature is neutral, balancing rising inventory with sustained buyer activity.

3. With 784 days as the median days on market, this suggests slower sales velocity, which may indicate pricing friction.

4. The median market rent is $2,190, reflecting strong rental demand that supports modest rent increases.

5. Current interest rate pressure is moderate, with mortgage rates around 6.38%, slightly lower than the previous week.

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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.