Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Boise County | Idaho Avg | US Average |
|---|---|---|---|
| Median Home Price | $446,296 | $355,887 | $242,182 |
| Price Trend (Annual %) | 43.0% | 14.8% | 8.2% |
| Median Gross Rent | $854 | $1,150 | $1,342 |
| Rent Trend (Annual %) | 3.3% | 6.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Boise County is about 25% higher than in Idaho. Rent is about 26% lower than the Idaho average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Boise County, up about 43.0% and 3.3% a year respectively. Home prices are changing faster.
Median rent in Boise County rose about 27.8% between 2015 and 2023, from $668 to $854. Over the same span, rent in Idaho rose about 54.9%.
Affordability
On average, housing unit costs 5.6 yearly household incomes in Boise County.
Buying the median-priced home in Boise County costs roughly 43.6 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Boise County. The price-to-rent ratio in Idaho is about 25.8.
| Metric | Boise County | Idaho Avg | US Average |
|---|---|---|---|
| Median Home Price | $446,296 | $355,887 | $242,182 |
| Median Household Income | $80,072 | $74,676 | $78,145 |
| Price-to-Income Ratio | 5.6 | 4.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Boise County rose about 125.5%, while median household income rose about 62.1% between 2009 and 2023 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Boise County | Idaho Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 55.5% | 64.7% | 58.2% |
| Rental Rate | 7.6% | 24.7% | 31.3% |
| Vacancy Rate | 37.0% | 10.7% | 10.6% |
| Median Tenure (years) | 14.0 | 14.0 | 15.0 |
| Median Year Moved In | 2012 | 2012 | 2011 |
Boise County has a homeownership rate of 55.5%, lower than the Idaho average of 64.7%. Its housing vacancy rate is 37.0%, compared with 10.7% in Idaho.
Housing Stock
| Metric | Boise County | Idaho Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.26 people | 2.66 people | 2.54 people |
| Median Structure Built Year | 1993 | 1987 | 1978 |
| Median Number of Rooms | 5.6 | 5.9 | 5.5 |
The typical housing unit in Boise County was built around 1993. On average, 2.3 people live in a home with about 5.6 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Boise County, Idaho.
What is the median home price in Boise County, Idaho?
The median home price in Boise County, Idaho is $446,296, higher than the Idaho average of $355,887.
What is the average home price in Boise County, Idaho?
The typical home price in %s, reported as the median sale price, is %s. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Boise County, Idaho?
The median gross rent in Boise County, Idaho is $854 per month, lower than the Idaho average of $1,150.
What was the median gross rent in Boise County in 2020?
In 2020, the median gross rent in Boise County, Idaho was $716 per month.
What is the price-to-rent ratio in Boise County, Idaho?
The price-to-rent ratio in Boise County, Idaho is about 43.6, meaning it would take roughly 43.6 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Boise County.
Are home prices or rent rising faster in Boise County, Idaho?
Both home prices and rent are rising in Boise County, up about 43.0% and 3.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Boise County, Idaho?
55.5% of households in Boise County, Idaho own their home, lower than the Idaho average of 64.7%.
What is the vacancy rate in Boise County, Idaho?
The housing vacancy rate in Boise County, Idaho is 37.0%, higher than the Idaho average of 10.7%.