Boise, ID 83712 Real Estate Market Report

ZIP Code: 83712
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: 83712) stands at $900,000, reflecting a stable market environment. The neighborhood has experienced a flat price trend year-over-year, indicating a balance between buyer demand and seller expectations. Despite the positive local economic growth attracting new residents, elevated interest rate pressure is impacting affordability, which may influence future sales dynamics.

Current market conditions reveal elevated inventory levels, suggesting a more balanced market dynamic. The median days on market is notably high at 338 days, indicating slower sales velocity and potential pricing friction as buyers navigate affordability challenges. Rental demand remains robust, with the median market rent at $2,180, showing an upward trend, which may provide some relief for those unable to purchase homes.

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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 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, average around 6.46% to 6.56%, which is significantly higher than the low rates near 5.25% seen at the end of 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. $900,000 is the median sold price, indicating stable market conditions despite elevated interest rate pressure.

2. The median days on market is 338, suggesting slower sales velocity and potential pricing friction for sellers.

3. Rental demand is strong, with a median market rent of $2,180, reflecting consistent month-over-month increases in rental activity.

4. The market temperature is currently neutral, indicating balanced conditions between buyers and sellers.

5. Interest rate pressure remains elevated, impacting affordability and potentially slowing transaction volume.

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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.