Johnathan Melin 1/3/25 Johnathan Melin 1/3/25

Will Boise, Idaho's Median Home Price Hit $1.2 Million by 2033?

Will Boise's Median Home Price Really Hit $1.2 Million by 2033?

Realtor.com predicts Boise, Idaho’s median home price will surge from $465,000 to $1.2 million by 2033—a 158% increase in under a decade. This bold projection is based on the city’s explosive pre-pandemic growth rate of 58.2% between 2014 and 2019.

But is this forecast realistic?

For Boise to hit this milestone, several factors must align: a flood of high-paying jobs, population surges, declining interest rates, and limited housing inventory. However, current trends show slowing price growth, increasing inventory, and affordability challenges due to rising interest rates and stagnant wages.

While Boise remains a desirable destination for remote workers and out-of-state buyers, sustaining such rapid growth will require significant economic and market shifts.

Are we on track to see Boise’s housing market double in value? Read the full breakdown, including current housing trends, economic data, and expert insights, to see if $1.2 million is a realistic target—or just wishful thinking.

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Johnathan Melin 6/19/23 Johnathan Melin 6/19/23

Avoid Home Buying Mistakes: How to Avoid Them.

"Navigate the often confusing path to homeownership with confidence! Uncover the common mistakes homebuyers make, from misconceptions about mobility to timing traps, and learn how to avoid them. Ensure your journey to your dream home is smooth and stress-free with these insightful tips."

Johnathan Melin 4/17/23 Johnathan Melin 4/17/23

Is the Boise Housing Bubble Deflating? 89.32% increase in listings. Home prices dive 11.42%

As the real estate market in Ada County continues to evolve, it is crucial to keep an eye on the latest trends and changes. From March 2022 to March 2023, the market has undergone significant transformations, with existing home sales seeing more significant declines in various aspects compared to newly constructed homes. The median price of single-family homes sold has fallen by 11.42%, and the average price has declined by 8.40%. Additionally, the days on the market have increased from 29 to 73, and the total dollar volume has decreased by 22.81%. These changes indicate a shift in the Ada County real estate market, with homebuyers having more options and negotiating power in the current market.

Johnathan Melin 4/12/23 Johnathan Melin 4/12/23

40-Year Mortgage: Unbelievable Benefits & Unexpected Risks?

Uncover the influence of FHA's 40-year mortgage option on the Boise, Idaho housing market, and learn about Idaho Central Credit Union's unique First-Time Homebuyer Program. Our in-depth blog post offers detailed insights into the program's features, including 100% financing, no PMI, and income-based eligibility. Understand the pros and cons of this longer mortgage term and make an informed decision on your home financing options within Boise's ever-evolving housing market.