Idaho · ID

Idaho Mortgage Calculator

Pre-filled for Idaho: median home price $460,000, average property tax rate 0.63%. Adjust any slider to make it yours.

Idaho housing at a glance

Median home price: $460,000
Effective property tax rate: 0.63% / yr
Annual property tax (median home): $2,898
Est. monthly tax escrow: $242
State income tax: Yes

Sources: regional housing data 2025 (median price), state assessor averages 2024–2025 (tax rate).

Buying a home in Idaho

The median home price in Idaho is around $460,000 and the effective property tax rate averages 0.63%of assessed value per year. Most lenders look for a debt-to-income (DTI) ratio under 43%, meaning your total monthly debt payments (including this mortgage) shouldn't exceed 43% of your gross income.

A 20% down payment on the median home in Idaho is $92,000. Putting down at least 20% eliminates private mortgage insurance (PMI), which typically adds 0.3–1.5% of the loan amount per year to your monthly payment.

Transfer tax & closing costs in Idaho

Idaho has no real estate transfer tax.

Beyond transfer taxes, total closing costs in Idahotypically range from 2–5% of the purchase price — including lender origination fees, title insurance, appraisal, and prepaid interest. On the median home that's roughly $9,200–$23,000.

Foreclosure & legal context

Foreclosure type: Non-judicial (trustee sale)
Security instrument: Deed of Trust
Deficiency liability: Recourse

Idaho mortgage FAQ

What is the monthly mortgage payment for a median-priced home in Idaho?: At the current 30-year fixed rate of ~6.81%, a $460,000 home in Idaho with 20% down ($92,000) carries a principal-and-interest payment of ~$2,402/mo. Add property tax (~$242/mo at 0.63%) and homeowners insurance and your total is roughly $2,643/mo. Use the calculator above to adjust for your exact down payment and rate.
What is the property tax rate in Idaho?: The effective statewide property tax rate in Idaho averages 0.63% of assessed value per year. On a $460,000 home, that works out to roughly $2,898 per year ($242/mo). Individual county rates vary.
Does Idaho have a state income tax?: Yes, Idaho has a state income tax. This affects your net take-home pay and therefore your effective purchasing power — use our salary calculator to estimate what's left after tax.
What are the closing costs and transfer taxes in Idaho?: Idaho has no real estate transfer tax.
What type of foreclosure does Idaho use?: Idaho uses non-judicial (trustee sale) foreclosure, which typically moves faster than court-supervised processes.

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