Idaho variant. This is a Idaho-specific version of the Mortgage Calculator, using pre-defined local figures (tax rates, median home and income values, and typical regional costs). For the full formula, methodology, and FAQ, open the main Mortgage Calculator.
With a median home value of $460,000 and an effective property tax rate of 0.55%, a typical Idaho mortgage payment combines principal, interest, taxes, and insurance into a meaningfully different number than the sticker price suggests.
What drives a Idaho mortgage payment
On the $460,000 median home with 20% down ($92,000), you'd finance about $368,000. At an illustrative 6.5% 30-year fixed rate, the principal-and-interest payment is roughly $2,326/month.
Idaho's 0.55% effective property tax adds about $211/month, and homeowners insurance plus any PMI push the all-in payment higher still. Enter your real price, rate, and down payment above for an exact figure.
About taxes and housing in Idaho
Idaho applies a single flat income tax rate to taxable income.
Idaho has relatively low property taxes and offers a homeowner's exemption that reduces the taxable value of an owner-occupied home.
Idaho's economy is fueled by agriculture, technology, and one of the fastest population growth rates in the country.
Worked example: $460,000 home in Idaho
Price $460,000, 20% down ($92,000), loan $368,000 at 6.5% for 30 years → P&I ≈ $2,326/mo. Add property tax ≈ $211/mo (0.55% of value ÷ 12). Total before insurance ≈ $2,537/mo.
Quick reference
- State income tax: Flat 5.695% as of 2024
- State sales tax: 6% (plus 0.03% avg local)
- Median home value: $460,000
- Median household income: $74,636
- Effective property tax rate: 0.55%
- Avg auto insurance: $1,094/yr
Frequently Asked Questions
How much is a mortgage on a $460,000 Idaho home?
With 20% down at 6.5% over 30 years, principal and interest run about $2,326/month, before Idaho's 0.55% property tax and insurance.
What is the property tax rate in Idaho?
Idaho's effective property tax rate is about 0.55% of home value per year.