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Renew Group
Renew Group
Work With Renew(208) 654-6058

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

Ordinance reconciliation required

Boise's displayed ADU section must be reconciled with Ordinance 11-26, which was adopted after the code's published cutoff. Exact standards stay unpublished until the certified ordinance, publication, and effective date are retained.

Boise publishes a 2026 applicant packet for its pre-approved ADU program. A pre-approved design may reduce design work, but it does not establish parcel eligibility, utility capacity, site approval, permit timing, or total project cost.

Use the Renew Atlas ADU rules and ordinance trackers for the current source record and unresolved publication blockers.

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 corrected COMPASS 2025 historic city-limit file. 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.Boise: 223670, 228930, 236310, 241590, 247040, 253550. Meridian: 91310, 98300, 114680, 127890, 138620, 147340. Eagle: 24600, 26930, 31270, 34470, 35360, 38830050K100K150K200K250K201520172019202120232025BoiseMeridianEagle

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: COMPASS corrected 2025 historic city-limit population series.

ChartAda County · median price Q1 2026
Bar chart of Ada County city median sale prices as of March 2026.Boise: $495K. Meridian: $530K. Eagle: $790K. Kuna: $440K. Star: $585K. Garden City: $471K$0K$200K$400K$600K$800K$495KBoise$530KMeridian$790KEagle$440KKuna$585KStar$471KGarden City

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.

Asset classes

Six plays, one city. Underwriting-grade briefs.

Each asset class has its own brief: market snapshot, Renew take, relevant ordinance, and named risks.

Investor matching · Boise

See deals matching your criteria in Boise.

Document your buy-box once. We call when something fits: flips, SFH rentals, infill lots, or multifamily.

Neighborhoods

7 Boise neighborhoods. Each with its own read.

Primary and secondary investment neighborhoods with stat cards, Renew takes, risks, and ordinance-level code references.

Historic · Highest ARVs

North End

On the National Register of Historic Places. Highest ARVs in the Valley. Historic overlay restricts flip work and new construction. Walkable core drives short-term rental premium.

Neighborhood brief →
Historic · Warm Springs corridor

East End

Local historic district established 2004. Craftsman bungalow stock. Warm Springs Avenue median price exceeds $1,188,000. Geothermal water district as neighborhood amenity.

Neighborhood brief →
Primary flip submarket

The Bench

Highest flip volume in Boise. Post-war stock 1940s through 1970s. Large lots with ADU potential under ZOA25-000013. Absentee-ownership pattern supports direct-owner sourcing.

Neighborhood brief →
Moderate activity

West Boise

Mixed residential. Fewer historic constraints than the North End or East End. Moderate flip and rental activity; SB 1352 starter-home rules may open density at the west edge.

Neighborhood brief →
Foothills premium

Hill Road

Foothills adjacency. Premium land and new-construction era. Hillside overlay may apply to some parcels. Scarce buildable inventory drives land prices.

Neighborhood brief →
University rental anchor

BSU Area

Boise State University anchors rental demand. Near-zero vacancy corridors within 1 mile of campus. 3BR SFH is the primary demand driver. Event-based STR demand from BSU games and move-in weekends.

Neighborhood brief →
Entry-level flip basis

SE Boise

Entry-level flip basis. ARVs below North End. Growing area with remaining land availability on edges. Strong infill fit for the primary investor audience.

Neighborhood brief →

Run the math on a Boise deal

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