Boise’s housing market is experiencing notable shifts, reflecting broader economic trends and local developments. Understanding these changes is crucial for residents, potential homebuyers, and investors.
Current Market Trends
As of early 2026, the median sale price for homes in Boise stands at approximately $495,000, marking a slight decrease of 1.0% compared to the previous year. Homes are typically on the market for about 26 days, indicating a steady demand. Notably, 41.2% of listings have seen price reductions, suggesting a more balanced market between buyers and sellers.
New Housing Developments
Several new housing projects are underway, aiming to address the city’s growing population and housing needs:
- Roe Street Multi-Family Homes: The Capital City Development Corporation has initiated a project to transform a 1.92-acre site at 8306 W. State Street into a high-quality, transit-oriented residential community. This development focuses on providing attainable housing for Boise residents.
- Riverline: Located at the southwest corner of S. 11th Street and W. Lee Street, this mixed-use project will offer 48 apartments in a four-story building, catering to Boise’s active lifestyle with amenities like a roof deck and gym.
- Wilson Station: Formerly known as State and Arthur Apartments, this mixed-use affordable housing development comprises 102 multi-family units and ground-floor commercial space. Developed through the City of Boise’s Housing Land Trust program, it aims to maintain affordable rental rates for residents earning 30 to 80 percent of the area median income.
Rental Market Insights
The rental market in Boise remains competitive. The average rent for a two-bedroom apartment is approximately $25,143 per month, while a three-bedroom home averages $30,584 per month. With a homeowner rate of 63% and renters making up 37% of the population, the demand for rental properties continues to be strong.
Looking Ahead
Boise’s housing market is in a phase of recalibration. While home prices have seen slight adjustments, the city’s strong population growth and resilient labor market suggest sustained demand. New developments are poised to provide more housing options, potentially easing the current inventory constraints. For those considering entering the Boise housing market, staying informed about these trends will be essential in making well-informed decisions.