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Boise real estate market overview
- Average Monthly Rent: $1,612
- Home Price/Value Percentage Change: -6.60%
- Median Home Value: $466,541
- Best Time To Sell a Home: February
- Affordability Index: Moderate
- Days To Sell a House: 55
- Job Market: Fair
- Public School Ranking: 37
Location and weather
Due to its wide river valley at the foot of the Rocky Mountains, National Geographic has crowned Boise as the number one Adventure City in the United States. The Boise River runs through the center of the city, joining the Snake River about 40 miles to the north.
The summers in Boise are hot, dry, and mostly clear. Temperatures in the summer reach a high in the low 90's and lows in the 60's. The winters are cold, with high temperatures in the 40's and lows in the 20's.
Population, job market and cost of living
Boise's population in 2023 is 244,687, with a growth rate of 1.24%.
The job growth has decreased by -1.55% over last year and in ten years, is predicted to be 50.85%. The job growth is impressive due to tech, and other industries flourishing there. The largest employers include Albertsons Companies, Albertsons, Micron Technology, St. Luke's Health System and Washington Group International.
The cost of living is high, due to the Boise real estate market and availability of housing.
Boise real estate market details
- Southeast Boise
- West Valley
- North End
- Depot Bench
- West Bench
The average monthly rent in Boise is $1,612 for an average apartment size of 872 sq. feet.
There has been an -6.6% increase in median home value over the last year. As of 2023, the median home value is $466,541.
On average, homes in Boise sell after 55 days on the market.
The best time to sell a home for the highest valued sale is during February. For the quickest sale, homeowners should sell in May.
The affordability index in Boise is 117. This number indicates moderate affordability in this city.
The top ranked public schools are Highlands Elementary School, Pioneer School of Arts, Collister Elementary School, Cecil D Andrus Elementary School and Adams Elementary school. This information is based on data measuring academic performance and equity.