You have heard it before, "buying a home is a great investment." But just how good has owning real estate in the Boise market actually been?
As it turns out, probably better than you think.
The median home value in Boise has risen for eight years in a row. If you bought a house in that timeframe, you have most likely done very well.
While some fortunate buyers may have purchased at the market bottom, about half have purchased in the last five years, making that a better frame of reference.
Between the first half of 2014 and the first half of 2019, median home values in Boise jumped a staggering 68.4%.
So what happened if you bought a house in Boise five years ago?
If you bought in 2014, you paid the then median price of $193,000 and like the