Last month, the Boise housing market saw a slight dip in prices while sales activity climbed. A total of 899 homes sold, up 5.4% from June and 11.3% from last year. Inventory also increased, rising 3.4% month-over-month and a significant 28% year-over-year. Together, these shifts suggest a market that is becoming more favorable for buyers, with more choices and greater potential for negotiation.
Affordability, however, remains a major hurdle. In July, the median home price in Ada County was $549,900. Applying the widely accepted “30% rule”—which recommends spending no more than 30% of gross income on housing expenses such as mortgage payments, taxes, and insurance—a household would need to earn roughly $141,600 annually to keep the rule (assuming a 20% down payment and a 30-year fixed interest rate of 6.58%). By comparison, the median household income in Ada County is $88,900, leaving a gap of more than $52,000 per year. For buyers, this means that while opportunities are increasing, affordability challenges continue to shape the market.
Still, homeownership is not out of reach. Creative financing options, down payment assistance programs, and smart strategies can make buying possible—and owning a home remains one of the best long-term investments you can make. If you’re considering buying or selling, we’d love to come alongside you, explore your options, and help you take the next step with confidence.
For a quick snapshot of the Boise housing market for July 2025, see below.
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For more market statistics, including those for Canyon, Elmore, & Gem Counties, check out Boise Regional REALTORS® Market Report HERE!
