The typical home in Boise, ID is worth about $500,000.
With 20% down that's a loan near $400,000 — the calculator
is pre-filled with that figure. Boise was one of the fastest-appreciating metros in the country during the pandemic as remote workers and Californians relocated, and prices have since leveled off well above pre-2020 levels. Idaho's homeowner's exemption and low property tax rate help offset the higher price base.
$2,597.05 / month
Total interest
$534,940
Total paid
$934,940
Payoff
30.0 years
How much you need to earn
Boise, ID's median household income is about
$75,000 a year. Under standard 28/36
lending rules that supports a home price around
$315,629 with 20% down —
below the $500,000 typical price, so many buyers need a larger down payment, a co-borrower, or a longer commute.
Typical asking rent in Boise, ID is about $1,650 a month, so owning the median home costs roughly
$1,297 more per month before tax
effects, maintenance, and any change in home value.
Frequently asked questions
What is a typical mortgage payment in Boise, ID?
On the metro's roughly $500,000 typical home with 20% down, the loan is about $400,000. Principal and interest run near $2,597 a month at today's rate, and Boise, ID's property tax plus insurance add about $350, for a full payment near $2,947.
Can I afford a home in Boise, ID on the median income?
The median household income is about $75,000 a year. Under standard 28/36 lending rules that supports a home price around $315,629 with 20% down — below the $500,000 typical price, so buyers often need a larger down payment or a co-borrower.
Is it cheaper to rent or buy in Boise, ID?
Typical asking rent is about $1,650 a month. The full owner payment on a median home is near $2,947, so owning costs roughly $1,297 more per month before tax effects, maintenance, and any appreciation.
How much are property taxes in Boise, ID?
The effective property tax rate in the core county is about 0.60% of market value — roughly $3,000 a year on the typical home. Your exact rate depends on the municipality and any exemptions.
Are home prices in Boise, ID rising or falling?
Home values are roughly flat over the past year. Boise was one of the fastest-appreciating metros in the country during the pandemic as remote workers and Californians relocated, and prices have since leveled off well above pre-2020 levels. Idaho's homeowner's exemption and low property tax rate help offset the higher price base.