Home Values in Boise, Idaho — 2026 Market Report
Updated March 2026 | Buyer's Market | +7.2% YoY
The median home value in Boise, Idaho is $445,000 as of March 2026, which is above the national median of $400,000. Home values in Boise have increased by 7.2% over the past year and 41.6% over the last five years. With a population of 235,684 and a median household income of $60,035, the price-to-income ratio stands at 7.4x, making Boise affordable for the average household.
Boise Housing Market Conditions
| Metric | Boise | National Avg |
|---|---|---|
| Median Home Value | $445,000 | $400,000 |
| YoY Appreciation | +7.2% | +3.8% |
| 5-Year Appreciation | +41.6% | +22.4% |
| Price per Sq Ft | $151 | $222 |
| Days on Market | 29 days | 45 days |
| Months of Supply | 5.4 | 3.5 |
| List-to-Sale Ratio | 100.4% | 98.5% |
| Monthly Homes Sold | 171 | — |
| Foreclosure Rate | 0.77% | 0.3% |
Home Value Trends in Boise
A homeowner who purchased at the median price of $314,266 five years ago in Boise would have gained approximately $130,734 in equity, representing a 41.6% return on investment. Over the past year alone, the typical homeowner gained $29,888 in home equity.
Affordability in Boise, ID
With a median household income of $60,035 and a median home price of $445,000, the price-to-income ratio in Boise is 7.4x. A ratio below 3x is generally considered affordable, while above 5x indicates significant affordability challenges. The average monthly rent of $2,812 compared to estimated monthly ownership costs of $2,369 gives a rent-vs-buy ratio of 0.84. In Boise, buying is currently competitive with renting when factoring in equity accumulation.
Property Taxes in Boise
The effective property tax rate in Idaho is 0.69%. On a home valued at $445,000, the estimated annual property tax bill is $3,071, or approximately $256/month. Property taxes are an important factor in the total cost of homeownership and can significantly impact affordability. The cost of living index in Boise is 102.5 (100 = national average), indicating living costs are near the national average.
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Open Mortgage CalculatorFrequently Asked Questions
What is the median home value in Boise, ID?
The median home value in Boise, Idaho is $445,000 as of March 2026. Home values have changed +7.2% over the past year, with a 5-year appreciation of 41.6%.
Is Boise a buyer's or seller's market?
Boise is currently a buyer's market with 5.4 months of housing supply. Homes spend an average of 29 days on market, and the list-to-sale price ratio is 100.4%. Higher inventory gives buyers more negotiating power.
Are home values going up in Boise?
Yes, home values in Boise have increased by 7.2% over the past year. The 5-year appreciation rate is 41.6%, meaning a home worth $314,266 five years ago is now worth $445,000.
Is it better to rent or buy in Boise?
The average monthly rent in Boise is $2,812, while estimated monthly homeownership costs are approximately $2,369. The price-to-rent ratio is 13.2. Based on current conditions, buying may be more cost-effective than renting in this market.
Home Values in Other Idaho Cities
Related Resources
Disclaimer: Home value data for Boise, Idaho is based on publicly available market data and estimates. Actual home values may vary based on property condition, location within the city, and current market conditions. Data is updated regularly but may not reflect the most recent transactions. Last updated: March 2026.