If you end up calling Boise home, you’ll quickly see why its nickname is The City of Trees. Idaho in general has a combined wilderness space of over 4.7 million acres and Boise has its fair share of beautiful trees to enjoy.
You probably already know that Idaho is famous for their potatoes, but for those of you with a sweet tooth, don’t forget the state fruit is the tasty huckleberry.
In just this past year, Boise median home prices rose by 10.3% — likely due to the influx of new residents coming to Boise and Idaho in general. In recent years, Idaho has grown rapidly and in 2019 was the fastest-growing state in the country. In 2019, Idaho’s population grew by 2.2%, a higher rate than any other state in the nation.
Of the 37,000 new residents, most came from different states. The affordability of the state is a large part of the appeal. Idaho has a lower cost of living than all of the states that it borders. Boise in particular is drawing in new residents because of its growing tech sector and strong job market.
If you’re considering dipping your toe into the Boise real estate market, then keep reading to learn more about Boise median home prices, the Boise Idaho housing market, and key neighborhood demographics.
Related: Do you qualify as a first-time homebuyer?
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Overall Boise market trends
Considering how popular Boise is at the moment, it comes as little surprise that the Boise housing market is considered to be very competitive right now. Home prices in Boise Idaho on average cost $345,000 and homes in this area typically complete the sales process in a speedy 10 days.
Average home price: $345,000
Average price per square foot: $201
Average time on market: 10 days
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Boise housing market forecast
If you’re wondering what Boise home prices will look like in the near future, Zillow predicts that they will only rise 0.4% in the next year.
That growth rate is quite the shift from last year’s 10.3% growth, but may provide buyers with a little stability while the search for the perfect home.
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Demographics of the Boise market
From farms to forests to bustling city scapes, Boise provides close access to every type of lifestyle and countless recreational activities. Which means you should be able to find home sweet home no matter what your lifestyle is. Soon, we’ll be sharing the must-know demographics of some of Boise’s most popular neighborhoods, but you may benefit from taking a look at the overall Boise real estate market’s demographics first.
Median income: $54,547
Median age: 36
College educated: 27%
Homeowners: 60.5%
Married: 48%
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Popular Boise neighborhoods
The great city of Boise is home to 33 neighborhoods. That’s a lot of options for eager homebuyers. It may be hard to choose from all of the wonderful neighborhoods Boise has to offer, so we rounded up some fast facts about five of the most popular ones to help make your decision a bit easier.
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North End
The stunning North End is known nationwide for being the gateway to the Boise foothills and home to Hyde Park, so nature lovers will feel right at home here. This neighborhood is full of trees and flowers, plus exciting sightseeing, dining, and shopping options. It’s super pedestrian friendly and is popular with singles and families alike.
Quick facts
Population: 22,378
Median age: 39.8
Housing units: 11,949
Bike score: 81
Walk score: 64
Transit score: 31
Average household income: $104,534
North End housing market
The North End housing market is hot hot hot. It’s considered to be very competitive, with many homes receiving multiple offers. Not to mention, homes sell in eight days, sometimes four if they are one of the more in-demand options.
Average home price: $470,000
Average price per square foot: $285
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Downtown
Who wouldn’t want to live in the heart of Boise’s thrilling downtown? The Downtown neighborhood has so much to offer: Arts and entertainment, business and career opportunities, food galore and an exciting energy and vibrancy.
Quick facts
Population: 2,642
Median age: 35
Housing units: 1,240
Bike score: 98
Walk score: 80
Transit score: 44
Average household income: $96,497
Downtown housing market
Surprisingly, Downtown Boise is not as competitive as some of the other popular neighborhoods when it comes to buying a home. Only some homes receive multiple offers, most sell for their list price, and the average home sells in around 266 days.
Average home price: $463,000
Average price per square foot: $347
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Morris Hill
Morris Hill is dripping with charm thanks to its offerings of historic homes, mature trees and stunning landscaping. It’s obvious why so many younger folk are moving in and reviving the turn of the century to mid-century homes. Locals are a fan of strolling down Orchard Street on the weekends. This Morris Hill hotspot offers a nice variety of restaurants, specialty shops and locally owned businesses.
Quick facts
Population: 5,979
Median age: 34
Housing units: 2,569
Bike score: 84
Walk score: 67
Transit score: 28
Average household income: $68,807
Morris Hill housing market
Good news for home sellers, in Morris Hill most homes typically sell in five days and “hot homes” sell in around three. This means homebuyers will need to keep an eagle eye on the market if they want to find a dream home in Morris Hill. Many homes in this neighborhood receive multiple offers and sell for around 1% below their list price.
Average home price: $270,000
Average price per square foot: $252
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Southeast Boise
Southeast Boise is a rapidly growing neighborhood and we can see why. Access to a river, greenbelt and the hustle and bustle of downtown are certainly appealing.
Southeast Boise’s close proximity to major parks, sports complexes, trendy new restaurants and Boise State University don’t hurt either.
Quick facts
Population: 21,577
Median age: 35
Housing units: 9,586
Bike score: 67
Walk score: 33
Transit score: 20
Average household income: $85,467
Southeast Boise housing market
If you blink, your dream home in Southeast Boise may sell out from under you. Homes in this very competitive neighborhood sell in around four to seven days.
It isn’t uncommon for most homes in this area to receive multiple offers when they’re for sale, so be ready to bid.
Average home price: $340,000
Average price per square foot: $232
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East End
This historic district covers 39 blocks and consists of primarily single-family homes. Founded in 1890, the East End has changed quite a bit over the years.
The most common architectural style in this area is the craftsman bungalow, but you’ll also see quite a few Queen Anne cottages around this part of town. Architecture buffs will love all of the stunning options available to them.
Quick facts
Population: 9,519
Median age: 39.3
Housing units: 9,140
Bike score: 74
Walk score: 46
Transit score: 30
Average household income: $39,525
East End housing market
Like many neighborhoods in Boise, East End is a very competitive one. Many homes in this area receive multiple offers and sell for around 2% above list price when they are for sale.
You may want to move quickly if you find a home you love in East End — typically homes sell in four to 11 days in this neighborhood.
Average home price: $504,000
Average price per square foot: $289
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This article originally appeared on SoFi.com and was syndicated by MediaFeed.org.
Image Credit: Eric Friedebach / WikiMedia Commons.
