Marketbeat Boise Multifamily Q2 2025

Market Overview

In Q2 2025, Boise’s multifamily market showed strengthening fundamentals. Stabilized vacancy declined 20 basis points quarter-over-quarter and 100 basis points year-over-year to 4.5 percent, though overall vacancy including unstabilized units rose to 6.2 percent. Net absorption reached 769 units, pushing year-to-date absorption to 1,501 units—well above the 1,192 completions during the same period. Economic momentum underpins the market, with median household income growing 3.2 percent to $86,700 and the jobless rate holding steady at a low 3.5 percent.

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