83706, Boise, ID

The Boise, Idaho zip code 83706 has a median home value of $217,000 and a median home equity of $146,000. This is significantly higher than the national median home value of $161,500 and the Idaho median home equity of $130,000. The Boise zip code is also more affluent than the state average and the national average.

There are several factors that may contribute to the high home values in this zip code. First, Boise is a desirable location with plenty of amenities and opportunities for growth. Second, there are a large number of wealthy residents who may be able to afford higher prices. Finally, there is strong demand for housing in this area due to its excellent schools and job opportunities.

Despite these positive factors, there are some risks associated with high home values in Boise. First, if the economy weakens or interest rates rise sharply, many homeowners could find themselves struggling to pay their mortgages or other debts. Second, if there is an increase in crime or other problems in the neighborhood where homes are located, buyers may be less likely to purchase them even at elevated prices.