What are average mortgage rates in Idaho in 2026?

Mortgage rates in Idaho generally track national averages. As of 2026, expect 30-year fixed rates from 5.5% to 7.5% for good credit borrowers. Use CalcDeck's Idaho mortgage calculator to model your payment at current rates.

How much are closing costs in Idaho?

Closing costs in Idaho typically range from 2% to 5% of purchase price, including lender fees, title insurance, and prepaid items. Use CalcDeck's Idaho mortgage calculator to include closing costs in your calculation.

What are property tax rates in Idaho?

Property tax rates in Idaho range from 0.3% to 2.5% of assessed value. CalcDeck's Idaho calculator includes property tax in your PITI payment.

What first-time homebuyer programs exist in Idaho?

Idaho offers down payment assistance, favorable-rate mortgages, and tax credits through state agencies. Use CalcDeck's Idaho calculator to see how programs affect your payment.

How do I use the CalcDeck Idaho mortgage calculator?

Enter home price, down payment, interest rate, and loan term. Adjust property tax and insurance to match Idaho averages. Get instant monthly payment, total interest, and amortization schedule.

Idaho Mortgage Calculator

Median home prices, property taxes, and monthly payment estimates for Idaho homeowners.

Idaho at a Glance

Median Home Price: $425,000
Property Tax Rate: 0.58%
Median Household Income: $69,728
Annual Property Tax: $2,465

Sources: Zillow ZHVI (2024), Tax Foundation (2023), US Census ACS (2023)

Monthly Mortgage Payment in Idaho

Based on the Idaho median home price of $425,000 at 6.7% interest (30-year fixed):

Payment Breakdown	20% Down	5% Down
Loan Amount	$340,000	$403,750
Principal and Interest	$2,194	$2,605
Property Tax (ID)	$205	$205
Homeowners Insurance	$125	$125
PMI	$0	$168
Total Monthly	$2,524	$3,104

How Much House Can You Afford in Idaho?

Using the 28/36 rule (housing costs under 28% of gross income):

With 20% down, you need ~$108,187/year to afford Idaho's median home
With 5% down, you need ~$133,027/year
Idaho's median household income is $69,728

Idaho insight: Idaho's property tax rate of 0.58% is near the national average.

Idaho Housing Market Overview

Idaho's housing market remains highly competitive, with the statewide median home price at $425,000 as of late 2024, up roughly 4% year-over-year but well below the pandemic-era peaks. In Boise, the state's largest metro, the median price hovers near $490,000, while Idaho Falls and Coeur d'Alene see medians around $385,000 and $520,000 respectively. Inventory has improved modestly to about 2.8 months of supply, still favoring sellers in most areas. With median household income at $69,728, the price-to-income ratio of 6.1 significantly exceeds the national average of about 5.0, indicating a substantial affordability gap. The effective property tax rate of 0.58% is among the lowest in the country, partly offsetting high prices but not enough for many buyers.

First-Time Homebuyer Programs in Idaho

The Idaho Housing and Finance Association (IHFA) offers the First Home program, which provides 30-year fixed-rate mortgages with down payment assistance up to 4% of the loan amount (capped at $15,000) for eligible first-time buyers. The HomeReady program also offers reduced mortgage insurance and flexible down payments. IHFA's down payment assistance can be used as a grant or a deferred loan at 0% interest, repayable only upon sale or refinance. Additionally, the Idaho State Tax Commission administers the Mortgage Credit Certificate (MCC) program, allowing first-time buyers to claim a federal tax credit of up to 20% of annual mortgage interest. In 2024, IHFA allocated over $40 million in down payment assistance statewide. Income limits vary by county; for example, in Ada County, the cap is $92,500 for a household of 1–2 people.

Tips for Homebuyers in Idaho

1) Leverage Idaho's low 0.58% effective property tax rate by factoring it into monthly costs—on a $425,000 home, expect roughly $205/month in taxes, far less than in many states. 2) Insurance premiums average about $1,200/year statewide, but in wildfire-prone areas like Kootenai County (Coeur d'Alene) or Valley County (McCall), rates can double; verify coverage before making an offer. 3) In Boise's tight market, homes often sell within 10–20 days; consider offering a pre-inspection to strengthen your bid. 4) Seasonal buying patterns: late fall (October–November) sees fewer buyers and slightly lower prices, especially in resort markets like Sun Valley and Sandpoint. 5) Mandatory inspections for Idaho homes should include radon testing (high levels common in the Panhandle and east) and foundation checks for clay soil shifting in the Treasure Valley. 6) If buying rural property east of the Rockies, schedule a well flow test and septic inspection; many homes rely on private systems not covered by standard loans.

Try the Mortgage Calculator with Your Numbers

Idaho Mortgage FAQ

What is the median home price in Idaho?

The median home price in Idaho is approximately $425,000 as of 2024 (Zillow ZHVI). Your actual price will vary by city and neighborhood.

What is the property tax rate in Idaho?

The effective property tax rate in Idaho is approximately 0.58% (Tax Foundation). On a $425,000 home, that is about $2,465/year in property taxes.

How much income do I need to buy a home in Idaho?

Using the 28/36 rule with 20% down at 6.7%, you would need about $108,187/year to afford the median Idaho home at $425,000. With 5% down (including PMI), about $133,027.

What will my monthly mortgage payment be in Idaho?

On Idaho's median home price of $425,000 with 20% down at 6.7%, your total monthly payment (P and I plus tax plus insurance) is approximately $2,524. With 5% down including PMI, about $3,104.

Data sources: Zillow ZHVI typical home values (2024), Tax Foundation effective property tax rates (2023), US Census Bureau ACS median household income (2023). Mortgage rate assumption: 6.7% APR 30-year fixed. This is an estimate — use our calculator for personalized numbers.