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March Madness: Boise Wins the Title of Best Affordable House

March Madness: Boise Wins the Title of Best Affordable House

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Cue the confetti. Unfurl the streamers. The nation’s best affordable home hails from Boise, ID.

Interest in the two-story, 2,460-square-foot home in the suburb of Nampa propelled it through our brackets and on to a thrilling championship win over a charming ranch home in Detroit.

What made Boise the big winner?

Well, a price of $ 95 per square foot isn’t a bad place to start. Listed for $ 234,000, the four-bedroom home also offers a bonus room and large backyard.

In addition, Boise’s one of the hottest markets in the country right now. Inventory is tight, median prices are rising, and the median days on market for a listing in the metro area have dropped precipitously.

And despite the local economy chugging along, affordability remains strong. Job growth and rising incomes are commonplace, and an abundant supply of affordable homes helps to keep the market healthy.

It also has one of the lowest (and fastest dropping) unemployment rates in the country—3.5% in January 2015, about half of what it was in January 2013. In addition, over half of active inventory (55%) is within reach of the median household, which earns about $ 49,000 per year.

The winning home

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