Boise City, ID - House Price Index (HPI)
Boise City Real Estate Market Forecast
The House Price Index (HPI) shows changes in Boise City-Nampa, ID single family home prices in
logarithmic scale. The March, 1995 index value equals 100.  Real estate forecasts, analysis, statistics
and appreciation rates are provided below.
Boise City Real Estate Market: Trend Outlook, Analysis & Statistics
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Commentary  2529.56
3rd Quarter, 2018 Housing Statistics: Boise City, Idaho


Part 1: HOUSING MARKET FORECAST

12 Month Forecast:        UP
Forecast Accuracy:      83%

LittleBigHomes.com publishes forecasts for the trend in home prices in 380
Metropolitan Statistical Areas. The House Price Trend will be either UP or
DOWN. The forecast for the trend in the Boise City housing market for the 12
months ending with the 3rd Quarter of 2019 is UP. The Accuracy of the Trend
Projection for Boise City is 83%. In other words, when tested against historical
data, the forecasting methodology was correct 83% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Boise City is 83% during this period. If this Housing Market Forecast is correct,
home prices will be higher in the 3rd Quarter of 2019 than they were in the 3rd
Quarter of 2018. Check this page each quarter for updates to the Boise City
Real Estate Market Forecast.


3 Year Forecast:            UP
Forecast Accuracy:      78%

The forecast for the trend in the Boise City housing market for the 3 years
ending with the 3rd Quarter of 2021 is UP. The Accuracy of the Trend
Prediction for Boise City is 78%. In other words, when tested against historical
data, the forecasting methodology was correct 78% of the time. Accordingly,
LittleBigHomes.com estimates that the probability for rising house prices in
Boise City is 78% during this period. If this Housing Market Forecast is correct,
home values will be higher in the 3rd Quarter of 2021 than they were in the 3rd
Quarter of 2018. Check this page each quarter for updates to the Boise City
Real Estate Market Forecast.




Part 2: MARKET SUMMARY
3rd Quarter, 2018 Housing Data: Boise City, Idaho


Historical Home Price Appreciation
Last Quarter                                     3.59%
Last Year . . . . . . . . . . . . . . . . . . . .  16.6%
Last 5 Years                                     67%
Last 10 Years . . . . . . . . . . . . . . . . . 40%
Last 20 Years                                   140%



Annual Home Price Appreciation Rates
1988      1.97%
1989      8.79%
1990      5.26%
1991      6.61%
1992      7.50%
1993      10.38%
1994      7.04%
1995      5.41%
1996      1.22%
1997      3.30%
1998      2.91%
1999      1.97%
2000      4.07%
2001      6.45%
2002      3.40%
2003      4.20%
2004      7.20%
2005      22.40%
2006      18.12%
2007      -0.83%
2008      -9.90%
2009      -14.95%
2010      -10.02%
2011      -8.64%
2012      8.59%
2013      12.18%
2014      8.15%
2015      10.03%
2016      8.16%
2017      12.29%


Real Estate Appreciation, Rank & Percentile
Last Quarter                              3.59%         Rank: 51 of 381 (86th Percentile)
Last Year  . . . . . . . . . . . . . . . .  16.6%          Rank: 2 of 381 (99th Percentile)
Last 5 Years                              67%            Rank: 11 of 381 (97th Percentile)
Last 10 Years  . . . . . . . . . . . .   40%            Rank: 47 of 381 (87th Percentile)
Last 20 Years                            140%          Rank: 54 of 379 (85th Percentile)


The change in home prices for Boise City, ID are shown above for five time
periods. For example: Boise City appreciated 3.59% in the Last Quarter. At that
rate, the Boise City Real Estate Market was ranked 51st out of 381 metropolitan
Real Estate Markets. Boise City was in the 86th percentile. So Boise City, ID
performed better in the Last Quarter than 86% of the 381 metropolitan areas
covered in LittleBigHomes.com.

























Part 3: MARKET HIGHLIGHTS
3rd Quarter, 2018 Housing Statistics: Boise City, Idaho

The data and analysis on this page pertains to Boise City, ID, hereinafter
referred to as "Boise City". The all time high in the Boise City Home Price Index
was 269.7 in the 3rd Quarter, of 2018.  The Home Price Index indicates that the
Boise City Market is up 40% over the last 10 years. Home prices in the Boise
City Real Estate Market have gained 16.59% over the last 12 months. Over the
last thirty years, it is up 319%.

The 3rd Quarter index value was 9.35 points higher than the 2nd Quarter, 2018
index value of 260.33, resulting in a 3.59% rise in the 3rd Quarter for the Boise
City Market.

The Boise City Home Price Index has increased for the last 29 consecutive
quarters. That makes Boise City the current record holder for consecutive
quarterly increases in the Home Price Index (along with Phoenix, AZ and
Houston, TX; which also had 29 consecutive quarterly increases). The current
record holders for consecutive declines in the Home Price Index are
Winchester, VA; Trenton, NJ; Peoria, IL; Great Falls, MT and Fayetteville, NC,
with declines in the last 2 consecutive quarters.

The highest annual change in the value of houses in the Boise City Real Estate
Market was 29% in the twelve months ended with the 2nd Quarter of 2006. The
worst annual change in home values  in the Boise City Market was -17% in the
twelve months ended with the 1st Quarter of 2010.

The highest growth in home values in the Boise City Real Estate Market over a
three year period was 55% in the three years ended with the 1st Quarter of
2007. The worst performance over a three year period in the Boise City Market
was -37% in the three years ended with the 1st Quarter of 2011.

This page provides a long term graph of the Boise City Home Price Index
(above). For information about Idaho home values, click Real Estate Market
Forecasts in the navigation bar at the top of this page.  You'll see long term
charts and analysis that will provide tremendous insight into the historical trends
of residential property values. Bookmark this page! Then LittleBigHomes.com's
detailed research and statistics about Boise City Home Prices will be at your
fingertips when you need them.

All calculations are based on the quarterly value of the House Price Index for
the Boise City Market. The terms House Price Index and Home Price Index, as
used in this site, refer to the Federal Housing Finance Agency (FHFA) House
Price Index.

Significant time is required to research quarterly sales price and appraisal data
from mortgage transactions in the Boise City Real Estate Market and hundreds
of other cities. As a result, Home Price data is not available for a number of
months after the end of each quarter.



Part 4: APPRECIATION RATES & RANKINGS
3rd Quarter, 2018 Housing Data: Boise City, Idaho

The trend of Boise City Home Prices relative to 380 other metropolitan areas is
detailed below. Each metropolitan area contains one or more cities. Five
different time periods are reviewed.  Each paragraph identifies the top and
bottom performing markets as well as the average and median performance for
all cities during each time period. The data and analysis on this page pertains
to Boise City, ID, hereinafter referred to as "Boise City".

Last Quarter:
During the 3rd Quarter of 2018, Boise City Home Prices had a rank of 51, with
appreciation of 3.59%. The top performing real estate market during the 3rd
Quarter was Sumter, SC, with a rise of 13.55%. The worst market during that
period was Cumberland, MD, with appreciation of -5.75%.
The median for all cities during the 3rd Quarter was 1.57%. The average for all
markets during the quarter was 1.54%.

Last Year:
During the last 12 months, Boise City Home Prices had a rank of 2, with
appreciation during the year of 16.59%. The top performing market during the
last year was Las Vegas, NV, with an increase of 18.1%. The worst real estate
market during that period was Cumberland, MD, with appreciation of -5.6%.
The median for all markets during this period was 6.14%. The average was
6.07%.

Last 5 Years:
Over the 5 years ended with the 3rd Quarter of 2018, Boise City Home Prices
ranked 11, with a total appreciation of 67.3%. The top performing real estate
market during the 5 year period was Reno, NV, with a growth in value of 81%.
The worst market during that period was Jacksonville, NC, with appreciation of
-2%.
The median for all cities during this time period was 24%. The average over the
5 years was 28%.

Last 10 Years:
During the 10 years ended in the 3rd Quarter of 2018, Boise City Home Prices
had a rank of 47, with appreciation during the decade of 40%. The top
performing market during the period was Denver, CO, with a rise of 83%. The
worst real estate market during the 10 year time period was Vineland, NJ, with
appreciation of -19%.
The median for all markets during the last 10 years was 18%. The average for
the cities over that time frame was 20%.

Last 20 Years:
During the 20 years ended in the 3rd Quarter of 2018, Boise City Home Prices
had a rank of 54, with total growth over the 20 year period of 140%. The top
performing real estate market during the period was San Francisco, CA, with an
increase of 289%. The worst market during the last 20 years was Saginaw, MI,
with appreciation of 21%.
The median for all cities during the last 20 years was 83%. The average for the
markets over that time frame was 92%.

Historical research data on the Home Price Index for the Boise City Real Estate
Market is available back to the 4th Quarter, of 1979. All calculations are based
on the quarterly value of the House Price Index for Boise City. Real estate
appreciation figures represent total net increase or decrease over each time
period. (Unless specifically stated, the figures do not represent annual or
quarterly rates of change.)



Data Source for Commentary & Charts: Federal Housing Finance Agency
Updated Thursday, December 20, 2018.
SignalTrend  Inc. 2008 - 2018; All rights reserved.





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