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Boise, ID 83713 Real Estate Market Report

ZIP Code: 83713
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
12 Months
Total Properties Analyzed
40
Active Listings
39
Sold Properties
1

Market Metrics

Median Listing Price
$549,900
Median Sold Price
$572,900
Median Price per Sqft
$269/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
$1,800

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.


Property Taxes

Property Tax Rate
0.43%

Liquidity & Velocity

Median Days on Market
89

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
elevated

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in the Boise 83713 market are 6.5%, reflecting a stable environment for property owners compared to early 2026 averages.

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 likely reflects insufficient recent closed-sale data in the sampled dataset to produce a reliable median sold price, so representative recent sale values cannot be stated with confidence.

  2. median listing price of 549,900 combined with a median price per square foot of 269 and a median days on market of 89 suggests pricing pressure where seller expectations remain elevated relative to transaction pace, which may result in moderate selling friction as buyers and sellers adjust.

  3. Inventory in the analyzed sample shows excess supply relative to sales activity, while broader trend signals—price year-over-year trend = up and market temperature = neutral—indicate a market that is shifting toward balance but still retaining upward price momentum.

  4. From a financing and rental perspective, median market rent of 1,800 alongside interest rate pressure described as elevated (current 30-year fixed ~6.5%) suggests owners face higher carrying costs even as rent year-over-year trend = up, which may support investor interest but require careful underwriting.


Notable Properties

The following 1 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

12137 W Ginger Creek Dr, Boise, ID 83713
Top Sale

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

3 beds
2 baths
1,886 sqft
$510,000
Nov 1, 2025
$270/sqft/sqft
259 days on market

Boise, ID 83713 Real Estate Market Report

ZIP Code: 83713
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
12 Months
Total Properties Analyzed
5
Active Listings
4
Sold Properties
1

Market Metrics

Median Listing Price
$442,500
Median Sold Price
$0
Median Price per Sqft
$275/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
$1,495

Property Taxes

Property Tax Rate
0.46%

Liquidity & Velocity

Liquidity metrics unavailable due to insufficient data quality.


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
elevated

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in the Boise 83713 market are 6.5%, reflecting a stable environment for property owners compared to early 2026 averages.

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, so representative market value must be inferred from transaction context and complementary indicators rather than a specific central sale figure; this absence means recent transaction-level pricing and liquidity should be treated with caution when forming valuation opinions. data unavailable

  2. price year-over-year trend is up, which suggests recent appreciation pressure in realized sales and supports modest seller-side pricing confidence; this appears consistent with a neutral-to-slightly-warm market posture and may indicate continued, though not accelerating, upward movement. up

  3. market temperature is neutral, which implies a relatively balanced selling environment where pricing friction and buyer negotiation power are moderate — expect balanced transaction dynamics rather than extreme speed or delay in closings

  4. median market rent is 1,495 and the rent year-over-year trend is up, indicating steady rental demand; given interest rate pressure is elevated (Current 30-year fixed mortgage rates in the Boise 83713 market are 6.5%), owners and investors should weigh higher financing costs against rising rents when assessing hold vs. sell decisions. elevated


Notable Properties

The following 4 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

2858 N Cloverdale Rd, Boise, ID 83713
Top Sale

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

2 beds
2 baths
1,641 sqft
$450,000
$274/sqft/sqft
67 days on market
2916 N Cloverdale Rd, Boise, ID 83713
Market Benchmark

Quick sale indicating strong buyer demand and competitive market conditions.

3 beds
2 baths
1,641 sqft
$450,000
$274/sqft/sqft
20 days on market
2986 N Cloverdale Rd, Boise, ID 83713
Premium

Sold above market average

2 beds
2 baths
1,387 sqft
$435,000
$314/sqft/sqft
64 days on market
11073 W Garverdale Ln Apt 103, Boise, ID 83713
Market Benchmark

Sold at market average

2 beds
2 baths
1,001 sqft
$277,000
$277/sqft/sqft
70 days on market

Investment Analysis

Compare rental income potential against ownership costs and benchmark against market averages.

Rent vs Cost to Own

Monthly rental income vs estimated ownership cost

-$1,411/mo
83713 Avg Rent
83713 Cost to Own
Rent$1,800
Own$3,211

20% down, 6.3% rate, 0.4% tax

Short-Term Rental

Avg nightly rate and occupancy for this ZIP

83713 Avg nightly rate
83713 Avg occupancy (days/year)
Nightly rate$158/night
Occupancy152 of 365 days

Data Sources

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

Report generated: 5/1/2026

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