We’re excited to bring you our newest “Market Stat Sheets.”
Same great data, quicker reads.
Looking for local analysis, like our previous press releases? You’ll find them as smaller, more digestible snippets throughout the Market Stat Sheets. Take a look, wander around, and let us know if you have any questions!
MoneyGeek (a personal finance website) analyzed data for 138 cities on factors including income, homeownership rates, young adult population, student loan burdens, and access to entertainment and dining to identify places where young adults can thrive. This analysis found that the West is largely home to the most affordable cities for those under 25, and names Boise #4 overall.
The Federal Reserve announced a half-point rate cut in September, which marked the first rate cut since March 2020. The half-point cut was larger than the quarter-point drop that was initially predicted. The move, along with further rate cuts expected this year and next, will lower borrowing costs for consumers and businesses. 30-year mortgage rates in Idaho ticked up 0.2 percentage points from October to November, landing at 7.687% on November 15th. We will continue to monitor these rates month over month to see if rates start to decline before 2024 ends.
| Location | Unemployment Rate Nov. 2024 |
| Ada County | 3.2% |
| Canyon County | 3.8% |
| Elmore County | 3.5% |
| Gem County | 4.1% |
In November, Idaho’s unemployment rate was 3.4% which was a slight improvement from October (most recent county data shown for October-all counties listed improved slightly from September).
Meta announced its Kuna Data Center is on schedule and set to open in 2025, the construction was previously paused for eight months. There will be an estimated 700,000 servers housed at the center with an estimated 100 workers. The center will be using 100% renewable energy while adding 200 megawatts of renewable energy to the state’s electrical grid.
Review our Market Stat Sheets for county-specific market analysis.
Other Real Estate News
- FOX Business | Century 21 CEO Optimistic Over 2025 Real Estate Market: Here’s What Buyers ‘Don’t Realize’
- REALTOR.com | Barbara Corcoran Reveals Mortgage Rate Drop That She Believes Will Make Housing Market ‘Go Ballistic’
- Yahoo! Finance | Real Estate Investors: 4 Housing Markets We’re Watching Closely in 2025
- RISMedia | 2025’s Great Expectations: Will AI Deliver on Its Promises?
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, 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, Elmore County, and Gem 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. Boise and Owyhee County snapshots 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 and BRR 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 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.
