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Boise, Idaho

Aerial view of Boise, Idaho — an Ada County market Renew Real Estate Group serves across the Treasure Valley.

Boise · Ada County

Investor depth across every asset class.

253,550 residents. A deep SFH rental and flip pipeline with a North End premium we underwrite week in and week out.

Population & Growth

Population · 2025 est.

253,550

Largest city in Idaho · COMPASS 2025

Ada County · 2025 est.

572,020

COMPASS 2025

Boise MSA · 2025

856,880

Ada + Canyon + Boise County · COMPASS

Ada County · 2050 projection

715,820

COMPASS

Unemployment · Jan 2026

3.4%

vs. 4.3% national · FRED/BLS

Median sale price · March 2026

$495,000

-1.0% YoY · 26 DOM · Redfin

Boise anchors the Treasure Valley. The North End, the Bench, and the Foothills have distinct buyer personas and distinct comp sets. Our deal flow reflects that. We underwrite Bench flips on a weekly cadence and see North End premiums hold even through seasonal softness.

Flips

Bench entry-level

$380K–$445K

Flip ARV range

North End premium

$780K–$1.1M+

Flip ARV range

Median $/sqft

$310

2025

Bench product is where most new investors start. Close enough to downtown, priced where rehab budgets still pencil, and with comp sets that move. North End carries a design-renovation premium; rehab-scope creeps and over-improvement are the two ways to lose money here.

SFH Rentals

3BR SFH average

$2,218

Q2 2025 · monthly

SFH vacancy rate

3.06%

Q2 2025

Boise's SFH rental market has tight vacancy with rent growth stabilizing after the 2022–23 surge. Buy boxes in our investor network: $1,800–$2,500/mo SFH with a cap of 5.2–6.0% post-rehab.

Multifamily

2–4 unit cap rate

5.5–6.5%

Ada County · stabilized

5–20 unit cap rate

5.0–6.0%

B/C class

Ada County multifamily has tightened cap rates in the last 18 months. The 2-to-20-unit B/C-class window still clears. Boise's zoning and density changes (ADU rules, lot-split reforms) are materially expanding the buildable envelope on many infill lots.

Infill & Development

Units approved

1,962

Boise · 2025

Boise approved 1,962 units in 2025, with most concentrated in corridor-adjacent parcels. The opportunity for our investor network: pre-entitlement infill lots where the entitlement path is under 12 months.

Land & Development

Most of Boise's annexation activity in the last 24 months is north and east, adjacent to existing city limits. We've represented acquisitions in the pre-annexation state where the buyer's cost basis was 60–70% of a comparable already-annexed parcel.

Lot Splits, ADUs & Duplexes

Max ADUs per lot

2

Any combination · ZOA25-000013

Max ADU size

900 sq ft

Or 70% of primary, whichever is less

Free pre-approved blueprints

8

280–695 sq ft · cityofboise.org/adu

Updated 2026 ordinance

Up to two ADUs per lot in any combination: detached, attached, or Tiny Homes on Wheels. Junior ADUs up to 500 sq ft are permitted within the primary dwelling without a separate utility hookup.

Boise updated its ADU ordinance in 2026 (ZOA25-000013). Max size: 900 square feet or 70% of the primary dwelling's floor area, whichever is less. Alley-facing units have a 3-foot setback allowance versus the standard 5-foot rear setback in R-1A/B/C zones.

In March 2026, the city released eight free pre-approved ADU blueprint packages ranging from 280 to 695 square feet. Using a pre-approved plan typically reduces permitting to four to eight weeks. Parking is not required for ADUs within one-half mile of a frequent transit corridor.

Annexation

Boise's annexation activity concentrates north and east. We've represented acquisitions in the pre-annexation state where the buyer's cost basis was 60–70% of a comparable already-annexed parcel.

Data

Boise in context. Ada County, ten years.

Population series 2015 through 2025 from the U.S. Census Bureau vintage files and COMPASS 2025. Price figures from Redfin and Zillow as of March 2026.

ChartAda County · population 2015–2025
Line chart of Boise, Meridian, and Eagle population 2015 to 2025. Ada County major cities.

Renew take

Boise's curve flattened in 2023–24 while Meridian kept absorbing the in-migration. New household demand is landing in Meridian; Boise's flat line reflects supply constraint, not demand softening — Bench rents and North End premium have held. Don't read flat Boise growth as a soft Boise market.

What to watch

Q3 building permits — if Meridian intake drops below 1,800 units, 2027 absorption math weakens and pricing pressure flips.

Source: U.S. Census vintage 2023 and COMPASS 2025.

ChartAda County · median price Q1 2026
Bar chart of Ada County city median sale prices as of March 2026.

Renew take

Eagle's $789K median is real-money owner-occupant pricing — investor cap rates don't pencil at that basis. Boise + Meridian both sit in the $470–540K band that produces the bulk of our flip and SFH-rental acquisitions. Star and Kuna look attractive on the chart but new-build oversupply is dragging investor exits.

What to watch

Days-on-market — once Eagle DOM crosses 60+, premium-tier sellers start cutting and the entry-level cohort moves laterally.

Source: Redfin and Zillow, March 2026. Point-in-time figures, not annualized.

Last updated: April 2026.

Investor matching · Boise

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