A note to our readers…
New Two-Phase Market Report Release Starting June 2025
To get you timely data and meaningful insights, BRR is introducing a new two-phase approach to our monthly Market Report releases:
- Phase 1: Snapshots & Graphs — Available earlier (typically between the 8th and 12th of each month), this first release includes high-level graphs and market snapshots. They’re ready for you to share in your newsletters, social media, or client conversations as soon as they drop.
- Phase 2: Market Stat Sheets — By the 16th of each month, we’ll follow up with the full Market Stat Sheets. This is where we dig deeper into the trends, provide key takeaways, and offer a broader interpretation of the data.
This two-phase release schedule is designed to get you what you need, when you need it: a quick look early on and a full picture shortly after.
The Federal Reserve recently announced its second consecutive interest rate cut, reflecting concerns about possible layoffs and economic impacts from the government shutdown.
The decision takes the Fed’s overnight rate down to a range of 3.75% to 4%, marking the second consecutive cut since September and taking the federal funds rate to its lowest since late 2022.
Wednesday’s quarter-point cut was widely anticipated and already largely priced into mortgage rates, which have fallen in recent months and reached a one-year low of 6.19% last week, according to Freddie Mac.
Source:https://www.realtor.com/news/trends/fed-interest-rate-decision-jerome-powell-october-2025/
According to newly released American Community Survey (ACS) data from the U.S. Census Bureau, Idaho homeowners with a mortgage typically pay $1,000–$1,499 annually for homeowners insurance, while those without a mortgage average $800–$999. Overall statewide costs also fall in the $1,000–$1,499 range.
Idaho has 538,468 insured homeowner households in total—325,019 with a mortgage and 213,449 without. Among mortgaged owners, 29,024 pay less than $100 annually and 11,454 pay $4,000 or more. Among those without a mortgage, 37,668 pay less than $100 and 6,449 pay $4,000 or more.
Compared with nearby states, Idaho is on the more affordable side. Montana homeowners with a mortgage typically pay $1,500–$1,999, while Wyoming averages the same. Utah homeowners fall into the $1,000–$1,499 range, aligning closely with Idaho. Oregon and Washington also average $1,000–$1,499, giving the Pacific Northwest region a relatively affordable profile.
By contrast, Colorado is far more expensive, with mortgaged homeowners paying $2,000–$2,499 annually. This makes Idaho’s position one of stability within the Mountain West.
Source: https://www.realtor.com/advice/hyperlocal/idaho-homeowners-insurance-costs/
Middleton School District hosted a ribbon cutting and open house for its new Middleton Career Campus: Construction.
Idaho Gov. Brad Little and officials with the Nampa and Meridian Irrigation District broke ground on a $20 million upgrade to the Ridenbaugh Diversion Dam on the Boise River. The dam is almost 100 years old, built to divert river water to irrigate crops and landscaping across the Treasure Valley. The modernization includes installing an automated system of gates, installing a screen to keep fish from entering the canal and installing a weir to raise the water level downstream. The $20 million project was funded with $10.7 million from the Idaho Water Resource Board and a $4.5 million grant from the Bureau of Reclamation. Construction will occur during the winter months starting with the south side of the Boise River this year. After next year’s growing season, construction will begin on the north side of the Boise River completing the project in time for the 2027 irrigation season.
Source:https://idahocapitalsun.com/2025/10/14/idaho-officials-break-ground-on-20m-dam-project-on-boise-river/
The College of Western Idaho (CWI) received its first National Science Foundation award in the amount of $862,435. The community college located in Nampa will develop a mining technology associate’s degree in partnership with Perpetua Resources. The mining company will provide internships and $250,000 worth of scholarships to advance the program’s enrollment. CWI’s president stated there will be three student cohorts or groups of up to 60 students over the next three years. Student outcomes include completing the Mine Safety and Health Administration certification for technician jobs in the mining industry. The school will use the funding to provide specialized training for faculty by industry experts and to create a new Mining Industry Technical Advisory Committee to guide the program’s curriculum and development.
Source:https://idahobusinessreview.com/2025/10/14/cwi-receives-significant-grant-for-mining-program/
Elmore County departments have moved into the newly renovated building previously occupied by Desert Sage Health Center. ARPA funds were utilized for the $2.1 million remodel. New occupants include the county’s auditor, assessor, recorder, treasurer and elections offices. Also moving into the space are staffers working in land use, the building department, veterans’ services and the Elmore Ambulance Service billing agency. In the coming year, the former U.S. Forest Service building acquired in 2017 will be repurposed to house the county’s driver’s license, department of motor vehicle and other county administrative service teams.
U.S. Department of Defense officials announced Qatar military pilots will be trained at Mountain Home Air Force Base arriving around 2030 with 12 jets. The building of a Qatari Emiri Air Force Facility near the airbase in Mountain Home was also mentioned. Col. Michael Perez commented, “I think the key word here is ‘hosting. We are excited to host the Qataris and partner with them at MHAF. This is nothing new and has been in the works since 2017.” Singaporeans have trained in Mountain Home since 2009. There is an existing U.S. base in Qatar indicating the long-standing collaboration between the two countries
Spirit Airline ended service to Boise and about a dozen other cities after it filed for Chapter 11 bankruptcy protection in August.
Source: Idaho Business Review
Other Real Estate News
- KTVB | Growing Idaho: Who Can You Trust on Real Estate Decisions?
- Realtor.com | Homebuyer Sentiment Remains Muted as Most Say It’s Still a Bad Time to Buy
- Realtor.com | Idaho Homeowners Pay Some of the Lowest Insurance Costs In The Country Despite Wildfire Risks
- Bankrate | Inflation and the Housing Market: Decoding the Latest Numbers
Please note: Some news outlets may protect their content with paid subscriptions. While we try to refrain from sharing articles that may not be accessible to everyone, we may share them if important to the industry.
Additional information about trends within the Boise Region, by existing and new construction, are now available here: Ada County, Elmore County, Gem County, Four Rivers Region (coming soon), and Condos, Townhouses, and Mobile/Manufactured Homes Market Reports. Each includes an explanation of the metrics and notes on data sources and methodology.
Ada County
Canyon County
Elmore County
Gem County
Condos…
Download the latest (print quality) market snapshot graphics for Ada County, Ada County Existing/Resale, Ada County New Construction, Boise County, Elmore County, Gem County, Malheur County, Payette County, and Washington County.
Since Canyon County is not part of BRR’s jurisdiction, we don’t publicly report on Canyon County market trends. Members can access Canyon County snapshots and reports in the Market Report email, or login to our Market Statistics page. Our Owyhee County snapshot can also be accessed on our Market Statistics page.
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The data reported is based primarily on the public statistics provided by the Intermountain MLS (IMLS), a subsidiary of Boise Regional REALTORS® (BRR). These statistics are based upon information secured by the agent from the owner or their representative. The accuracy of this information, while deemed reliable, has not been verified and is not guaranteed. These statistics are not intended to represent the total number of properties sold in the counties or cities during the specified time period. The IMLS, Boise Regional REALTORS®, and Idaho Policy Institute provide these statistics for purposes of general market analysis but make no representations as to past or future performance. If you have questions about this report, please contact BRR’s Director of Growth & Strategic Communications Taylor Gray at 208-947-7238. For notes on data sources, methodology, and explanation of metrics, visit boirealtors.com/notes-on-data-sources-and-methodology.
If you are a consumer, please contact a REALTOR® to get the most current and accurate information specific to your situation.
Boise Regional REALTORS® (BRR), a 501(c)(6) trade association, represents real estate professionals throughout the Boise region. Established in 1920, BRR is the largest local REALTOR® association in the state of Idaho, helping members achieve real estate success through ethics, professionalism, and connections. BRR has two wholly-owned subsidiaries, Intermountain MLS (IMLS) and the REALTORS® Community Foundation.
“REALTOR®” is a federally registered collective membership mark which identifies a real estate professional who is member of the National Association of REALTORS® (NAR) and subscribes to its strict Code of Ethics.
