Boise, ID
Ada County · Pop. 235,684
Ranked #155 of 243 cities
34Crisis
Median Home Price
🏠$450K
4.5% YoY
Median Rent
🔑$1,500
3.5% YoY
Median Income
💰$65K
Rent Burden
📊30.5%
% of income to rent
Income to Buy
🏦$129K
annual income needed
Income to Rent
📝$60K
annual income needed
Price-to-Income
⚖️6.9x
Homeownership
🏡60.0%
Rent vs. Buy
Buy
$2,395/mo
Est. mortgage (7%, 20% down)
Need $129K/yr income
Rent
$1,500/mo
Median rent
Need $60K/yr income
How Boise Compares
| Metric | Boise | Idaho | National |
|---|---|---|---|
| Home Price | $450K | $429K | $410K |
| Rent | $1,500 | $1,256 | $1,500 |
| Income | $65K | $75K | $75K |
| Rent Burden | 30.5% | 31.0% | 30.0% |
Key Takeaways
- • Home prices in Boise are 10% higher than the national average.
- • Rent is about average than the national average.
- • You need an income of $129K to comfortably buy a home here.
- • The homeownership rate is 60.0%, compared to 65.0% nationally.