Rental Property Underwriting in Boise, ID
Post-2021 correction ongoing; underwriting rent flat is prudent.
Typical SFR price
$450,000 – $570,000
3-bed rent (monthly)
$1,900 – $2,400
Effective property-tax rate
0.55% – 0.80%
Insurance (annual, ~$300k SFR)
$900 – $1,400
Gross rent-to-price (monthly)
0.42% – 0.55%
Landlord-tenant climate
landlord-friendly
Ranges compiled from Zillow, Redfin, and county assessor public data. Last reviewed 2025-10. Use as directional inputs, not appraisals.
What makes underwriting in Boise different
- Prices peaked in 2022 and have softened; use 6-month comps, not 24-month.
- In-migration remains net positive but has slowed materially.
- Homeowner exemption doesn't apply to rentals — full assessed value applies.
Quick worked example
Mid-range Boise deal: $510,000 purchase, $2,150/mo rent → gross yield 5.06%. Whether that cash-flows depends on your rate, down payment, taxes at post-sale assessment, and insurance quote — not the metro average.
Other US markets we cover
Rental underwriting in Atlanta, GA →Rental underwriting in Charlotte, NC →Rental underwriting in Raleigh, NC →Rental underwriting in Tampa, FL →Rental underwriting in Orlando, FL →Rental underwriting in Jacksonville, FL →Rental underwriting in Phoenix, AZ →Rental underwriting in Las Vegas, NV →Rental underwriting in Dallas, TX →Rental underwriting in Houston, TX →Rental underwriting in Austin, TX →Rental underwriting in San Antonio, TX →
Educational content only, not investment or legal advice. Verify all numbers with local professionals before making an offer.