• Tue. Jun 21st, 2022

Boise City, Idaho Real Estate Investments – Current Investment Listings and Market Data

ByWillie M. Evans

May 23, 2022

Boise City is the capital of Idaho and its most populous city. It has gained increasing interest in recent years as people learn about the exciting outdoor activities, range of job opportunities and low crime rates. With so much appeal and an influx of residents, Boise’s real estate market is booming.

Real Estate Market Trends in Boise

Median Boise home price: $525,000

Boise’s housing market has seen an impressive increase in median home prices over the past few years. Median home prices in this market have increased by $300,000 since 2017. They are well above the national average of $413,000 and are up 20.7% year over year while continuing an upward trend.

Rental market in Boise

Boise median rent: $1,777

Boise rental vacancy: 3.4%*

Boise’s rental market has a very low rental vacancy rate compared to the national average of 5.8%. There was a 16.1% year-over-year increase in median rent prices. Even with this increase, rental prices are still below the national average rental price of $1,904. With less than a month of rental supply available, demand is still high and rental prices continue to rise.

See also: Real Estate Investing Guides and Resources

Current real estate investments in Boise

There are currently 7 multi-family and residential income properties for sale in Boise listed on Loopnet.

The two hottest multi-family properties for sale in Boise right now are:

1011 Orchard Street S – It is a 42-unit building expected to be completed in fall 2022, consisting of 8 separate units with garages. These townhouse style apartments are located minutes from downtown Boise and close to the airport. Commercial Broker Connect Real Estate has this listing for $3,000,000.

792 N 30th St – North River Apartments is a well-established 16-unit building offered for sale by Colliers. It is currently 100% occupied with 6 fully renovated units and a prime location minutes from state landmarks and shopping.

Source of market data: Housing Tides

*Data from Guaranteed rate

More real estate news from Benzinga

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