Department of Numbers

Boise City Idaho Residential Rent and Rental Statistics

The median monthly gross residential rent in Boise City, ID (the Boise City-Nampa metro area) was $849 in 2015 according to the Census ACS survey.1 Average gross rent in Boise City was $823 in 2015. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2016 Boise City median and average rent data will be released in September of 2017.

Data is also available below for Boise City rental vacancy rates, Boise City rent as a percent of median income and the fraction of renters in Boise City.

Show dollars as: Nominal Real

Real Gross Rent in Boise City Idaho (2015 dollars)2

2015 1 Year Change 3 Year Change
US Median Gross Rent $959 +3.12% +8.24%
Idaho Median Gross Rent $770 +2.53% +9.38%
Boise City, ID Median Gross Rent $849 +3.03% +9.27%

Boise City, ID Real Gross Rent Trends

Median gross rent for Boise City peaked in real terms in 2008 at $869 and is now $20 (2.30%) lower. Average gross rent for Boise City peaked in real terms in 2008 at $866 and is now $43 (4.97%) lower.

Real Gross Rent in Boise City: Boise City ID Median, Boise City ID Average, Idaho Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Boise City

Date US
Median
Idaho
Median
Boise City, ID
Median
Boise City, ID
Average
2015 $959 $770 $849 $823
2014 $930 $751 $824 $833
2013 $898 $720 $793 $831
2012 $886 $704 $777 $787
2011 $887 $702 $762 $762
2010 $901 $719 $783 $796
2009 $905 $746 $824 $811
2008 $920 $770 $869 $866
2007 $874 $724 $787 $800
2006 $883 $721 $808 $803
2005 $858 $700 $757 $759

Boise City Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2015 the rental vacancy rate for Boise City Idaho was 2.22% according to Census ACS data.

Rental Vacancy Rate in Boise City Idaho

2015 1 Year Change 3 Year Change
US 5.85% -0.47% -0.92%
Idaho 4.97% -0.26% -1.48%
Boise City, ID 2.22% -0.88% -1.61%

Trends in Boise City, ID Rental Vacancy Rate

The rental vacancy rate in Boise City peaked in 2009 at 10.57%. Since then it has fallen by 8.35% to 2.22%. Data records for this series originated in 2005.

Rental Vacancy Rate: Boise City ID, Idaho, US

Rental vacancy rate in Idaho

Historical Rental Vacancy Rate data for Boise City

Date US Idaho Boise City, ID
2015 5.85% 4.97% 2.22%
2014 6.32% 5.23% 3.10%
2013 6.49% 5.05% 4.05%
2012 6.77% 6.45% 3.83%
2011 7.40% 5.53% 3.18%
2010 8.17% 7.93% 7.65%
2009 8.43% 8.58% 10.57%
2008 7.86% 7.56% 7.73%
2007 7.87% 6.21% 4.81%
2006 7.70% 5.25% 6.86%
2005 7.74% 4.84% 4.65%

Rent as a Fraction of Income

Using median household income data for Boise City, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Boise City, median monthly gross rent as a fraction of median household income was 19.62% in 2015 according to the ACS.

Boise City Idaho Median Annual Rent as a Fraction of Median Household Income

2015 1 Year Change 3 Year Change
US 20.63% -0.26% -0.02%
Idaho 19.14% +0.21% +0.62%
Boise City, ID 19.62% +0.45% +0.63%

Trends in Boise City, ID Rent as a Fraction of Income

The fraction of median Boise City household income required to pay median monthly gross rent peaked in 2011 (relative to the 2005 series origin) at 19.92%. Since then it has fallen by 0.30% to 19.62%.

Fraction of Income towards Rent: Boise City ID, Idaho, US

Percent of median household income going towards median monthly gross rent in Boise City Idaho

Historical Data for Annual Rent as a Fraction of Income in Boise City Idaho

Date US Idaho Boise City, ID
2015 20.63% 19.14% 19.62%
2014 20.89% 18.93% 19.17%
2013 20.78% 18.60% 19.34%
2012 20.65% 18.52% 18.99%
2011 20.70% 19.08% 19.92%
2010 20.50% 18.85% 18.88%
2009 20.12% 18.54% 19.06%
2008 19.00% 17.40% 17.96%
2007 18.66% 16.97% 17.10%
2006 18.90% 17.44% 16.81%
2005 18.89% 17.20% 16.41%

Renter Fraction in Boise City Idaho

You can calculate the renter fraction in Boise City in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in Boise City as a fraction of total Boise City households. In 2015 31.62% of households were renters according to Census ACS data.

Boise City Fraction of Renters by Household Units

2015 1 Year Change 3 Year Change
US 36.97% +0.07% +0.88%
Idaho 31.04% -0.94% -0.59%
Boise City, ID 31.62% -1.12% -2.23%

Trends in the Boise City, ID Renter Fraction

The Boise City household renter fraction peaked in in 2012 at 33.85% and is now 2.23% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Boise City ID, Idaho, US

Fraction of renters in Boise City

History of Boise City Renter Fraction

Date US Idaho Boise City, ID
2015 36.97% 31.04% 31.62%
2014 36.90% 31.98% 32.74%
2013 36.50% 30.64% 31.95%
2012 36.09% 31.63% 33.85%
2011 35.42% 31.26% 31.84%
2010 34.65% 30.38% 31.81%
2009 34.13% 28.47% 29.52%
2008 33.36% 29.14% 29.42%
2007 32.80% 27.95% 28.65%
2006 32.73% 28.73% 27.99%
2005 33.10% 28.60% 28.03%

1. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability.

2. Real dollars are calculated using the CPI-U less shelter series.

3. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied.