2022 Boise Idaho Real Estate Blog

How did home prices change in the Boise Metro Area in 2021? Main Idaho Real Estate Insights

Real estate is a popular topic at the water cooler. There are stories we share, the news we hear, and our own perception of how Boise home prices are changing. Here is the data to compare what actually happened.

Build Idaho regularly researches the market so we can advise clients and understand best how to help them.

Ada County Home Values Summary

 

2020

2021

% Change

N Boise

$585,000

$724,950

23.92%

NE Boise

$581,000

$824,434

41.90%

SE Boise

$400,300

$510,000

27.40%

Bench

$330,000

$422,000

27.88%

S Boise

$370,000

$480,000

29.73%

W Boise

$325,900

$430,000

31.94%

NW Boise

$458,846

$640,000

39.48%

Garden City

$325,250

$445,000

36.82%

Eagle

$599,000

$861,000

43.74%

Star

$444,900

$530,000

19.13%

S Meridian

$420,000

$575,725

37.08%

N Meridian

$373,000

$509,990

36.73%

Kuna

$338,645

444,990

31.40%

Overall

393,000

$511,900

30.25%

 

Canyon County Home Values

 

2020

2021

% Change

NE Nampa

$310,000

$415,000

33.87%

S Nampa

$311,995

$418,130

34.02%

Melba

$309,000

$547,450

77.17%

NW Nampa

$269,945

$378,450

40.20%

N Caldwell

$280,000

$390.000

0.14%

S Caldwell

$278,000

$380,753

36.96%

Middleton

$359,950

$480,000

33.35%

Lake Lowell Area

$400,494

$465,000

16.11%

Parma

$325,000

$399,450

22.91%

Wilder

$251,000

$398,000

58.57%

Overall

$295,900

$405,000

36.87%


Here are some takeaways:

  1. Everything you have heard and read in the news is true. Home prices rose dramatically and the Boise, Idaho real estate market is hot.
  2. Demand is still high and prices are expected to continue to rise
  3. New construction continues to not keep up with demand, which is why prices continue to rise
  4. Interest rates are expected to increase this year and possibly soon which will decrease buying power for home buyers

Learn more about Boise home prices

 
Posted by tlangford at 1/14/2022 9:00:00 PM

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