
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.

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.
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.

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.
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.
See deals matching your criteria in Boise.
Document your buy-box once. We call when something fits — flips, SFH rentals, infill lots, or multifamily.
Related markets
Adjacent Treasure Valley cities. Same investor lens.
Most investors compare two or three of these cities side-by-side. Each hub carries the same depth of population, price, asset-class, and ordinance data.
Ada County
Meridian
Fastest growing
147,340 residents, +61.3% over a decade. 848 apartments and 35 townhomes under development near The Village. Old Town Opportunity Zone in play.
See MeridianAda County
Garden City
Urban infill
An independent Ada County municipality entirely enclosed within Boise. Its own municipal code, Greenbelt frontage, and the densest urban-infill opportunity in the Valley.
See Garden CityAda County
Eagle
Premium market
The Treasure Valley's premium investor market. Scarce product, executive-tier rentals, and large-lot land plays sourced through our investor network.
See EagleLooking for a different play?
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