Boise Housing Market: Home Prices & Rent
Boise home values since 2000
Last few years
Rent in Boise
Owning vs renting, monthly
Buying the typical Boise home with 20% down at this week's 7.32% 30-year rate costs about $3,318/month (principal, interest plus ~1.5% a year for tax and insurance) vs $1,924/month typical rent.
Rate: Freddie Mac, week of Oct 22, 2026. Estimate for comparison only.
What changed this month
- Boise City homes are worth 8% less than at the 2022 peak
Boise vs Idaho vs the U.S.
| Typical home | 12-month change | Typical rent | |
|---|---|---|---|
| This metro | $492k | +1.7% | $1,924/mo |
| Idaho | $477k | +2.2% | - |
| United States | $366k | +1.2% | $1,932/mo |
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Common questions
Are home prices falling in Boise?
No - the typical Boise-area home value is up 1.7% over the past 12 months, at $492k (September 2026). Values are 8% below their June 2022 peak of $532k.
Is the Boise housing market crashing?
Home values are 8% below their June 2022 peak and up 1.7% over the past year - a rising market, not a sudden collapse. Whether that continues isn't knowable from the data - this page updates every month when new figures come out.
How much is rent in Boise?
Typical rent in the Boise metro is $1,924 a month (September 2026), +7.6% over 12 months.
How much income do you need to buy a home in Boise?
About $121k a year to afford the typical home with 20% down, spending no more than 30% of income on housing (September 2026).
Nearby and similar metros
Miami, FL · Worcester, MA · Ogden, UT · Stockton, CA
Sources: Data Provided by Zillow Group (Zillow Home Value Index and Zillow Observed Rent Index, September 2026; income needed and listing data). 30-year mortgage rate: Freddie Mac PMMS. Figures are for the Boise City, ID metro area. How we calculate.