Garden City, ID 83703 Real Estate Market Report

ZIP Code: 83703
Report Date: June 2026
Market Temperature: COLD
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.

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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

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Market Trends & Context

Understanding Market Temperature

A Cold market indicates weak buyer demand relative to available inventory, typically characterized by declining or flat prices, extended days on market, and elevated inventory levels relative to sales.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Garden City, ID, are averaging approximately 6.5% to 6.8%, reflecting an elevated interest rate environment compared to earlier periods in 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. median sold price unavailable — The median sold price is not present in the provided metrics, so recent transaction-based price validation is unavailable; prioritize obtaining closed-sale data before setting final valuations or underwriting assumptions.

2. 366 median days on market indicates markedly slower sales velocity and cold market conditions; this suggests sellers may need to adjust pricing or offer concessions to accelerate transactions.

3. $639,450 median listing price with a $310 median price per square foot implies seller expectations remain elevated relative to the observed market temperature; competitively pricing near recent closed sales (when available) or staging for longer marketing periods may reduce time on market.

4. $1,544 median market rent alongside a rent year-over-year trend of up and elevated interest rate pressure (current 30-year fixed mortgage rates averaging approximately 6.5% to 6.8%) suggests growing rental demand and financing headwinds; consider targeted buy-to-rent strategies or tighten borrower qualification assumptions when underwriting.

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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.