“Average home prices in the United States more than doubled between 1998 and 2006, the sharpest increase recorded in US history, and even larger gains were recorded in some regions.” Federal Reserve History
Boise’s appreciation surpassed the US average towards the end of 2017. From there, it went up exponentially, causing a huge gap between Boise’s price increases during COVID and the US average.
When Boise hit its peak pricing in 2022 Quarter 2 at 149% appreciation, the US average was only at 72.6%.
At the end of 2023, Boise was ranked #93 out of 100 metro cities for appreciation over the prior year. At the end of the second quarter of this year, Boise moved up to #76. Our year over year change was 3.8% compared to the national average of 5.7%. Our 2024 second quarter over our first quarter was -1.2%.
Graphs and info provided by the Federal Housing Finance Agency.
Moving Boise 
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