Figures
Boise Multifamily Figures Q4 2025
February 2, 2026 4 Minute Read
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‒Overall occupancy declined slightly in Q4 2025, settling at 94.3%. However, the market remains strong amid new development and a jump in rental rates in 2021 and beyond.
‒Net absorption turned negative in Q4 2025 for the first quarter in recent history; however, the decline appears isolated and does not yet suggest a sustained shift in underlying demand trends.
‒Average effective monthly rents were largely unchanged during the quarter, holding steady at $1,637, as pricing momentum paused following several quarters of adjustment.
‒Total inventory expanded modestly in Q4 2025 with the delivery of 1,713 new units, contributing to incremental supply growth across the market.
‒Construction activity continued to wind down, with just 597 units under construction at the end of Q4 2025, as a significant portion of the pipeline delivered during the quarter.
‒Micron’s $15 billion semiconductor fabrication facility remains under development in Boise and is projected to generate more than 15,000 new jobs, providing a strong long-term demand catalyst for the regional housing market.