How Long to Save for a Home in Boise, ID
Median home price, average rent, and a personalized savings timeline for Boise — updated 2026-Q1.
Median Home Price
$450,000
Average Rent
$1,550/mo
Median Income
$68,000/yr
5yr Price Growth
+40%
Calculate for Boise
Invest this % of your rent ($1,550/mo)
Down payment
Down Payment Scenarios in Boise
| Scenario | Down Payment | With Bricks | Savings Acct |
|---|---|---|---|
| 3.5% FHA | $15,750 | 6.5 years | 7.3 years |
| 10% Down | $45,000 | 13.6 years | 17 years |
| 20% Down | $90,000 | 19.9 years | 27 years |
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Buying a Home in Boise, Idaho
Boise is one of the West's growing metro areas with a population of 240,000. The median home price of $450,000 is near the national average.
With average rent at $1,550/month, a renter in Boise investing 10% of their rent ($155/month) into diversified REITs could accumulate a 20% down payment of $90,000 in approximately 19.9 years. The same monthly contribution in a high-yield savings account would take about 27 years.
Home prices in Boise have grown 40% over the past five years, outpacing the national average. For renters, this means the down payment target continues to move — making it even more important to invest rather than just save, so your money grows alongside home prices.