Boise, Idaho—long celebrated for its scenic beauty and relaxed lifestyle—has emerged as the nation’s top city for luxury home price growth. According to a recent analysis by Realtor.com, Boise has experienced a staggering 150% increase in high-end home prices since 2017, outpacing all other major U.S. metro areas.
The Rise of Boise’s Luxury Market
Historically, Boise lacked a defined luxury real estate segment. However, the COVID-19 pandemic catalyzed a significant shift. An influx of affluent buyers, particularly from California, sought refuge in Boise’s serene environment, bringing substantial capital from the sale of coastal properties. This migration not only increased demand but also elevated the city’s luxury market profile.
Realtor.com senior economist Joel Berner noted that while median home prices have stabilized post-pandemic, the luxury segment continues to thrive. The city’s appeal to high-end buyers remains strong, with luxury listings being built and sold at impressive price points.
Top Luxury Neighborhoods in Boise
Several Boise and surrounding area neighborhoods have emerged as top destinations for luxury homebuyers. Eagle, northwest of downtown, features newer developments and gated communities with spacious lots, with a median home price of around $1.1 million. Warm Springs Mesa in East Boise is known for its historic appeal, expansive homes, and sweeping views, with prices averaging $1.2 million. Nestled in the foothills, the Highlands offers elegant properties and scenic vistas, commanding a median price of $1.3 million. Meanwhile, the North End blends historic charm with modern estates, with home prices up to $2.5 million.
Market Dynamics and Future Outlook
As of early 2025, Boise’s housing market exhibits both rising home prices and increasing inventory. Ada County’s median single-family home price rose to $539,200, marking a 5.1% year-over-year increase. Despite more homes entering the market, buyer demand remains steady.
Looking ahead, Realtor.com projects that by 2033, Boise’s median home price could exceed $1.1 million, reflecting the city’s sustained growth and desirability.
Conclusion
Boise’s transformation into a luxury real estate leader underscores its unique blend of natural beauty, quality of life, and economic opportunity. As the city continues to attract high-end buyers, its luxury market is poised for continued growth and prominence on the national stage.
Sources:
This Surprising ‘Quiet Luxury’ Hot Spot Is No. 1 in the Nation for High-End Home Price Growth
Boise & Treasure Valley Housing Market in 2025: Trends, Challenges, and Future Outlook
Could Boise real estate become a ‘million-dollar market’ in a decade? Maybe.
