Mortgage for Idaho (2026)
Idaho (ID) Key Facts
Median Home Price
$440,000
Average Property Tax Rate
0.69%
Average Home Insurance Rate
0.55%
Estimated Monthly Payment
$3,023
First Time Buyer Programs
2
How This Calculator Works in Idaho
This mortgage calculator lets you estimate your monthly payment on a Idaho home by factoring in the purchase price, down payment, interest rate, property taxes, and insurance. It is pre-loaded with Idaho's average property tax rate and insurance costs so you can get a realistic estimate quickly. Adjust the inputs to match your specific situation and see how different scenarios affect your monthly budget.
Idaho Overview
Idaho has a median home price of approximately $430K, with an average property tax rate of 0.69% and homeowners insurance averaging 0.55% annually. Community property state. Idaho Housing HFA Advantage and other state programs can help first-time buyers with down payment assistance and competitive mortgage rates.
How Idaho Compares
Compared to neighboring states, Idaho's median home price of $440,000 is above the national median of about $420,000. Nearby Montana has a median price of $450,000 with a 0.84% property tax rate. Property tax rates vary significantly among neighboring states, which can substantially impact long-term homeownership costs.
| State | Top Rate | Notes |
|---|---|---|
| Montana | $450,000 | Median home price is $450,000 with a 0.84% property tax rate. Estimated monthly mortgage payment is about $3,167. |
| Washington | $570,000 | Median home price is $570,000 with a 1.03% property tax rate. Estimated monthly mortgage payment is about $4,054. |
| Oregon | $480,000 | Median home price is $480,000 with a 0.97% property tax rate. Estimated monthly mortgage payment is about $3,310. |
The median home price in Idaho is $440,000, compared to the national median of approximately $420,000. With a 0.69% average property tax rate and 0.55% insurance rate, Idaho homeowners can expect an estimated monthly payment of about $3,023 on a median-priced home with 10% down at 6.75% interest.
Tips for Idaho Residents
- 1Idaho has a median home price around $430K. Community property state. Research local market conditions as prices vary significantly by city and neighborhood.
- 2Property taxes in Idaho average 0.69%. As a community property state, both spouses are equally responsible for mortgage debt. Always verify your specific county's tax rate, as it directly impacts your monthly payment.
- 3Explore Idaho Housing HFA Advantage for potential down payment assistance and favorable rates. Idaho also offers Idaho Housing Second Mortgage Assistance. Check income limits and eligibility early in your home search.
- 4Community property state; prices vary widely between Boise metro and rural areas. Budget 2-5% of the purchase price for closing costs including lender fees, title insurance, and prepaid expenses.
- 5No transfer tax. A 0.25% rate difference on a $440K home can save thousands over the life of your loan, so shop at least 3-4 lenders before committing.
Frequently Asked Questions
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