Boise City appreciation rates and housing market information

Boise City housing market information

With 185,937 people, 77,950 houses or apartments, and a median cost of homes of $229,960, Boise City real estate prices are well above average cost compared to national prices.

single-family detached homes are the single most common housing type in Boise City, accounting for 64.69% of the city's housing units. Other types of housing that are prevalent in Boise City include large apartment complexes or high rise apartments (15.39%), duplexes, homes converted to apartments, or other small apartment buildings (10.02%), row houses and other attached homes (5.51%), and a few mobile homes or trailers (4.24%).

The most prevalent building size and type in Boise City are three and four bedroom single-family detached homes. The city has a mixture of owners and renters, with 61.12% owning, and 34.46% renting.

There is a lot of housing in Boise City built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Boise City built from 1940-1969 (26.16%). A lesser amount of the housing stock also hails from 1995 and later (13.35%), and some were built from 1939 and earlier (13.35%).

Boise City home appreciation rates

Appreciation rates for homes in Boise City have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 80.28%, which ranks in the top 40% nationwide. This equates to an annual average Boise City house appreciation rate of 8.02%.

Over the last year, Boise City appreciation rates have trailed the rest of the nation. In the last twelve months, Boise City's appreciation rate has been -7.37%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Boise City were at -2.54%, which equates to an annual appreciation rate of -10.16%.

Notably, Boise City's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Idaho, our data show that Boise City's latest annual appreciation rate is higher than 3% of the other cities and towns in Idaho.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Boise City differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Boise City - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Boise City real estate investment or home purchase decisions.