The Best Value Properties in Boise, ID

☕️ 3 min read By Noah Blumberg

Boise, Idaho has been one of the top cities where people are moving for two years now. It's a destination for people looking to leave California and it's a target for investors due to all the interest in the area. Timing is always a concern when it comes to buying a real estate property. Is there a real estate bubble in Boise? Is population growth durable in Boise? Beyond the current hot real estate market, is a long term investment in Boise a smart one?

Boise: Bubble or Emerging Metropolis?

Florida Atlantic University's School of Business produces a ranked list of housing markets in the U.S. called the Beracha and Johnson Housing Market Ranking which ranks Boise as the #1 housing market in the county. Unfortunately, the ranking is based on how overpriced the average property is. They calculate that Boise real estate is overpriced by 76.63%. This might be pretty concerning to a prospective investor, but it's important to remember that only 1 of 100 metro areas in the U.S. is considered underpriced —Honolulu, HI.

If Boise real estate holds its value or continues to grow for a period of years, then being overpriced in a national context is of little consequence. In the short term, real estate in most areas in the U.S. is predicted to increase in value. Boise is no exception as its prices are predicted to increase by 7.9% in 2022. Sites like millionacres predict that real estate values in Boise will continue to go up driven by huge demand. Looking at the data graphed out, you can see the home values increasing at roughly 20% year over year in the two years before the pandemic. That's strong growth, but not as dramatic as post pandemic where prices were up in excess of 70%. Perhaps this is a sea change moment for the area and Boise will grow into a large city in the coming decades. These things do happen periodically.

The Properties

Mashvisor recommends several different neighborhoods: East Boise, Northend, Downtown, Central Bench, West Boise, and Meridian. This Northend property is a great looking example of a Boise home in a desirable neighborhood.

There's an interesting phenomenon at the top of our list. The #1 and #2 properties are not properties at all, just houses. They are listings for the house only and the buyer would be responsible for moving the house elsewhere. Perhaps developers are seeing more upside in putting a new building on the site and want the extra bonus of someone else removing it for them.

Here are the top 25 properties. To see them all or get a list for another city, order a custom list!
Median List PriceMedian SqftMedian Lot Size(SqFt)Median HOA Fee
Score**PropertyZipX**TypeBedsSqFtLot Size(sqft)Price

1715 N 14th St
1.30single family2836N/A$29,900

5010 W Alamosa St
1.15single family21137N/A$35,000

20 Homestead Ct
1.17single family331681,588,198$1,100,000

98 Wildflower Trl
1.17single family33215683,456$649,900

15 Dored Pines Rd
1.17single family21670711,770$649,900

20 Ridgeview Pl
1.17single family2720260,924$298,998

17 Monida Dr
1.17single family2230095,832$289,000

2900 N Tamarack Dr
1.15single family9462814,375$799,900

9350 W Ustick Rd
1.00single family6430221,606$699,900

5390 S Five Mile Rd
1.09single family54370217,800$1,199,990

11545 W Highlander Rd
1.09single family6303639,204$699,999

3565 S Waldon St
1.09single family6396443,560$1,025,000

6676 S Zephyr Way
1.09single family431748,712$549,900

3650/3652 Taft
1.15multi family627187,405$799,000

8793 W. Mirror Pond Drive
1.16single family64015N/A$1,009,000

3073 E Sweetwater Dr
1.17single family532668,712$749,000

3520 S Heritage Ave
1.09single family5329611,021$720,000

38 Timberline Rd
1.17single family280055,757$280,000

2124 W State St
1.30single family325988,712$659,000

5920 and 5924 Willow Cliff Way
1.10single family4277222,216$699,900

6300 S Rohanna Ave

5207 W Elmer St
1.15single family527758,712$775,000

6904 W Brentwood Dr
1.09single family526329,148$729,900

6330 S Rohanna Way

10923 W Halstead Ct
1.10single family421146,098$545,000
*This table shows only few basic data points. Rankings are based on 22 data points and 7 calculations per property.**Find explanations of ZipX aka zip multiplier and Score here.