Estimate your monthly payment using Idaho's average home price of $400,000 and property tax rate of 0.63%. Updated for 2026.
Estimates include P&I, property tax, and ~0.5% annual insurance. Does not include PMI, HOA, or utilities.
Idaho's housing market in 2026 has a median home price of approximately $400,000, placing it near the national median of around $420,000. Boise became one of the hottest housing markets in the nation during the remote-work boom with prices surging over 40% in two years. Whether you're buying your first home in Boise or relocating from another state, understanding your true monthly mortgage cost is essential before making an offer.
Property taxes in Idaho average 0.63% of assessed value annually — a below-average property tax rate. On a $400,000 home, that translates to roughly $210 per month added to your mortgage payment. Boise, Meridian, and Nampa all fall under Idaho's general property tax framework, though local millage rates vary by county and municipality. Always confirm the exact rate for the specific property you're considering.
Idaho Housing and Finance Association offers first loan programs with competitive rates and down payment assistance. Beyond state programs, FHA loans remain popular in Idaho requiring as little as 3.5% down, while VA loans offer zero-down financing for eligible veterans and active-duty service members. Conventional loans typically require 620+ credit score and a debt-to-income ratio under 45%.
Idaho's homestead exemption reduces the taxable value of a primary residence by up to $100,000. When shopping for a mortgage in Idaho, compare offers from at least three lenders. Even a 0.25% difference in interest rate on a $400,000 home can mean thousands of dollars saved over the life of a 30-year loan. Pay close attention to APR — not just the rate — as it includes origination fees and points.
Use the calculator above to model your scenario. A 20% down payment on the average Idaho home of $400,000 puts your estimated total monthly cost at approximately $2,463 at today's rates, before HOA fees or special assessments. Adjust the home price, down payment, and rate to match your specific situation and see how the numbers change in real time.
The average home price in Idaho is approximately $400,000 as of 2026. Prices vary significantly by city and county — Boise tends to be pricier while more rural areas offer lower prices.
Idaho has a below-average property tax rate at 0.63% of assessed value. On a $400,000 home that adds about $210 per month to your housing cost. Rates vary by county, so verify the exact rate for your target property.
Idaho Housing and Finance Association offers first loan programs with competitive rates and down payment assistance. Additionally, FHA loans (3.5% down), VA loans (0% down for eligible veterans), and USDA rural loans may be available depending on location and eligibility.