ID • Market Analysis
Boise Real Estate Investment Analysis
Boise was the fastest-appreciating market of the past five years and remains a top destination for West Coast in-migration despite recent cooling.
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Median Home Price
$510,000
Median Rent
$2,100
per month
Avg Cap Rate
4.90%
5-Yr Appreciation
85%
Rental Yield
4.90%
Population Growth
1.80%
Job Growth
2.50%
Vacancy Rate
6.50%
Investor pros
- Strong in-migration from CA/WA
- Tech and outdoor-industry growth
- No major regulatory friction
Investor cons
- Heavy 2021–22 price run-up
- Negative cash flow at full leverage
- Appreciation has stalled
Commentary
Boise is an appreciation play that ran ahead of fundamentals. Buyers today should underwrite flat year-one rents and require strong reserves.
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