Eagle Idaho Homes: What’s For Sale

Here’s a breakdown of Eagle Idaho homes for sale, broken down by price range.

Eagle Idaho Homes: Under $100,000

  • # Available: None
  • Average Asking Price: N/A
  • Median Asking Price: N/A

Eagle Idaho Homes: $100,000  to $199,999

  • # Available: 19 (4.7% of all)
  • Average Asking Price: $180,229
  • Median Asking Price: $188,000

Eagle Idaho Homes: $200,000 to $299,999

  • # Available: 52 (12.8% of all)
  • Average Asking Price: $255,060
  • Median Asking Price: $254,220

Eagle Idaho Homes: $300,000 to $399,999

  • # Available: 102 (25.1% of all)
  • Average Asking Price: $351,781
  • Median Asking Price: $350,750

Eagle Idaho Homes: $400,000 to $499,900

  • # Available: 84 (20.6% of all)
  • Average Asking Price: $
  • Median Asking Price: $

Eagle Idaho Homes: $500,000+

  • # Available: 150  (36.9% of all)
  • Average Asking Price: $806,387
  • Median Asking Price: $678,350

Eagle Idaho Homes: Overall

  • # Available: 407
  • Average Asking Price: $519,614
  • Median Asking Price: $439,900

Takeaways

  • Nearly 37% of all Eagle Idaho homes for sale are over $500,000.
  • Only 17.4% of all Eagle Idaho homes for sale are under $300,000.

Data pertains to new Eagle Idaho homes (single-family homes) on lot or acreage.

Data does not include condo or townhome properties.

 

Meridian Idaho Homes: What’s For Sale

Here’s a breakdown of Meridian Idaho homes for sale, broken down by price range.

Meridian Idaho Homes: Under $100,000

  • # Available: 2 (.30% of all)
  • Average Asking Price: $87,450
  • Median Asking Price: $87,450

Meridian Idaho Homes: $100,000  to $199,999

  • # Available: 192 (26.8% of all)
  • Average Asking Price: $171,803
  • Median Asking Price: $175,995

Meridian Idaho Homes: $200,000 to $299,999

  • # Available: 306 (42.7% of all)
  • Average Asking Price: $244,800
  • Median Asking Price: $238,370

Meridian Idaho Homes: $300,000 to $399,999

  • # Available: 174 (24.3% of all)
  • Average Asking Price: $346,243
  • Median Asking Price: $339,900

Meridian Idaho Homes: $400,000 to $499,900

  • # Available: 24 (3.4% of all)
  • Average Asking Price: $441,372
  • Median Asking Price: $439,000

Meridian Idaho Homes: $500,000+

  • # Available: 20  (2.8% of all)
  • Average Asking Price: $761,814
  • Median Asking Price: $667,500

Meridian Idaho Homes: Overall

  • # Available: 717
  • Average Asking Price: $270,635
  • Median Asking Price: $239,900

Takeaways

  • 94% of all Meridian Idaho homes for sale are under $300,000.
  • Only 6.1% of all Meridian Idaho homes for sale are above $399,999.
  • 42.7% of all Meridian Idaho homes for sale are between $200,000 and $299,999

Data pertains to new Meridian, Idaho single-family homes on lot or acreage.

Data does not include condo or townhome properties.

 

Boise New Homes: What’s For Sale

Here’s an interesting breakdown of Boise new homes listing inventory, broken down by price range.

Boise New Homes: Under $100,000

  • # Available: None
  • Average Asking Price: N/A
  • Median Asking Price: N/A

Boise New Homes: $100,000  to $199,999

  • # Available: 202 (26.7% of all)
  • Average Asking Price: $172,498
  • Median Asking Price: $174,140

Boise New Homes: $200,000 to $299,999

  • # Available: 265 (35.1% of all)
  • Average Asking Price: $245,787
  • Median Asking Price: $240,865

Boise New Homes: $300,000 to $399,999

  • # Available: 184 (24.3% of all)
  • Average Asking Price: $352,491
  • Median Asking Price: $349,900

Boise New Homes: $400,000 to $499,900

  • # Available: 60 (8.0% of all)
  • Average Asking Price: $444,947
  • Median Asking Price: $439,945

Boise New Homes: $500,000+

  • # Available: 45 (6.0% of all)
  • Average Asking Price: $704,377
  • Median Asking Price: $589,900

Boise New Homes: Overall

  • # Available: 756
  • Average Asking Price: $295,278
  • Median Asking Price: $259,900

Takeaways

  • Most new spec homes are being built in the lower to middle price ranges.
  • Most new homes in the higher price ranges are pre-sold build jobs.

Data pertains to new Ada County single-family homes on lot or acreage.

Data does not include condo or townhome properties.

New = To Be Built, Under Construction, and New-Never Occupied age categories.

 

Meridian, Idaho Homes: Renting vs. Buying

Should you rent or buy?

It’s a frequent question from people who are looking at Meridian, Idaho homes.

The answer often involves more than just money.

Buying is a longer-term commitment that includes both financial commitments and more responsibilities than renting.

If there’s a possibility that you’ll be moving within a couple of years, you’re almost certainly better off renting than buying.

Renting provides more flexibility, doesn’t require a down payment or buyer closing costs, and your landlord takes care of the property.

But, the landlord also dictates how you must live in his home.

If you’re reasonably sure you will not be moving within a couple of years, you should consider buying a home.

Buying a home allows you to build equity as you pay down your mortgage instead of paying off your landlord’s mortgage.

And, you’ll have the freedom to live as you wish without a landlord or property manager dictating what you must do with his home while you are paying for it.

There are also many financial considerations.

Here’s a comparison of renting vs. buying, using a $200,000 home as an example:

Renting

  • $1,250 – $1,300/month rent
  • One-year lease (likely)
  • Security deposit (varies)
  • First and last month’s rent (varies)
  • Pet deposit (varies)

Buying

  • $200,000 purchase price
  • $20,000 down payment
  • $180,000 loan – 30 year, fixed-rate, 4.25% interest rate
  • $1,050 estimate payment (principal, interest, taxes, and insurance)

Things To Consider

  • Depending upon the buyer’s eligibility, there are loan programs available with as little as zero down payment, or low down payments.
  • Some sellers will pay buyer’s closing costs; thereby reducing the amount of money needed to purchase.
  • Homeowners are also often able to deduct certain costs of home ownership on their tax returns.

Would you like some help analyzing buying vs. renting for our own specific situation?

I would be happy to meet with you and help you figure out what’s best for you with no obligation or sales talk.

Give me a call at (208)938-5533 to schedule your own private consultation.