CALCMONEY // HOME AFFORDABILITY // ID
Find out how much home you can afford in Idaho using local median home prices, current mortgage rates, and ID-specific property tax data.
Open Full Calculator$481,825
$2,904/mo
$287,317
$124,464/yr
| Median Home Price | $481,825 |
| Down Payment (20%) | $96,365 |
| Loan Amount | $385,460 |
| Monthly PI Payment | $2,503 |
| Monthly Property Tax | $201 |
| Monthly Insurance Est. | $201 |
| Total Monthly PITI | $2,904 |
| Required Gross Income (28% rule) | $124,464/yr |
| Max Affordable Price (28% rule) | $287,317 |
$16,864
$3,750/mo
Idaho Home Affordability Quick Reference 2026
| Metric | Value | Notes |
|---|---|---|
| Median Home Price | $481,825 | State median |
| Down Payment (20%) | $96,365 | Conventional |
| Monthly PITI (median home) | $2,904 | 6.76% rate |
| Required Income (28% rule) | $124,464 | Annual gross |
| Max Affordable Home | $287,317 | Based on median income |
| FHA Down Payment (3.5%) | $16,864 | Minimum FHA |
Monthly PITI includes principal, interest, property tax, and homeowners insurance.
The median home price in Idaho is $481,825, with a current 30-year fixed mortgage rate of 6.76%. A buyer putting 20% down on the median home would carry a loan of $385,460, resulting in a monthly principal and interest payment of $2,503. Once property taxes and insurance are added, total monthly housing costs reach $2,904.
Property taxes in Idaho average 0.5%, well below the national average of 1.1%. On the median Idaho home, property taxes add $201/month to total housing costs.
Idaho levies a state income tax of 5.3% flat, which affects take-home pay and therefore what you can realistically budget for housing. Mortgage interest may be deductible on both federal and Idaho state returns — consult a tax professional for your situation.
Using the 28% rule, a household earning Idaho's median income of $81,166/year can afford up to $1,894/month in total housing costs (principal, interest, taxes, and insurance). Based on Idaho's current mortgage rate of 6.76% and property tax rate of 0.5%, that translates to a maximum affordable home price of approximately $287,317 with 20% down on a 30-year loan.
To comfortably afford the median Idaho home priced at $481,825, you need an annual gross income of approximately $124,464. This is based on the standard 28% rule: your total monthly housing costs (principal and interest of $2,503, property taxes of $201, and insurance of $201) come to $2,904/month, which should not exceed 28% of your gross monthly income.
Idaho's average property tax rate is 0.5%, which is well below the national average of 1.1%. On the median Idaho home of $481,825, that means annual property taxes of $2,409, or $201/month. Because lenders include property taxes in your debt-to-income calculation, Idaho's property taxes have a relatively modest impact on overall affordability.
The minimum down payment depends on your loan type. For an FHA loan, you can put down as little as 3.5% — on the median Idaho home of $481,825, that is $16,864. Conventional loans typically require 5% down, though some programs allow 3%. Putting down 20% ($96,365 on the median Idaho home) lets you avoid private mortgage insurance (PMI), which can add 0.5%–1% to your annual loan cost. There are no Idaho-specific minimum down payment requirements beyond federal guidelines.