Boise’s housing market is experiencing notable shifts, influenced by economic factors and ongoing development projects. Understanding these changes is essential for residents and potential newcomers.
Current Market Trends
As of early 2026, the median sale price for homes in Boise stands at approximately $495,000, reflecting a slight decrease of 1.0% compared to the previous year. Homes typically remain on the market for about 26 days, indicating steady demand. Notably, 41.2% of listings have seen price reductions, suggesting a move towards a more balanced market. Source
New Housing Developments
Several projects are underway to address housing needs:
- Roe Street Multi-Family Homes: The Capital City Development Corporation has initiated a project on a 1.92-acre site at 8306 W. State Street, aiming to create a transit-oriented residential community offering attainable housing options. Source
- New Path Community Housing: Located at 2200 Fairview Ave, this development provides 40 units of permanent housing for vulnerable populations, including the chronically homeless. Source
- Adare: A mixed-income housing development featuring 134 units, contributing to the redevelopment of Fairview Avenue and West Boise. Source
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 monthly. These figures highlight the importance of thorough research and timely decision-making for prospective renters. Source
Looking Ahead
Boise’s housing market is in a phase of recalibration. With new developments aiming to increase housing availability and a market showing signs of balance, both buyers and renters have opportunities. Staying informed about local trends and developments will be crucial for making well-informed decisions in this evolving landscape.