With the way the housing market is in Boise, I think it's fair to use the word "crisis." That's what we're dealing with. Homes that were $200,000 in 2019 are now going for more than $700,000 and I'm not even exaggerating that much. Even the Upper-Middle class is finding it hard to afford to own a home in Boise. As more and more of us are priced out of owning, we are turning to renting--and you best believe the landlords in this town know it.
Experts have been weighing in over the last few years on, not necessarily if, but when the Boise housing market will start to slow and even crash. Well the signs are starting to show up.
Okay, maybe you wouldn’t live there, but would you have a staycation there? The Big Idaho Potato Hotel in Boise is definitely making a name for itself in the travel space as one of the most unique Airbnb stays in the nation. It is currently listed on Airbnb at just $124/night, however, it’s been as high as $250/night in the past.
With median home prices in Ada County hovering around $525,000 the dream of homeownership seems distant. It's not just home prices that are soaring. Rental prices are climbing too.