Mortgage Calculator — Idaho
Pre-filled with Idaho's average home price of $420000, property tax rate of 0.7%, and average insurance of $1200/year. Adjust any value below.
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Idaho Housing Market
Idaho, particularly the Boise metro, experienced some of the fastest home price appreciation in the US during 2020–2022 as California and Washington buyers relocated. Prices have moderated but remain elevated relative to local incomes.
Affordability in Idaho
Boise's median now exceeds $425,000, straining local buyers who don't have California equity to bring. Nampa and Caldwell offer more affordable options within commuting distance of the Treasure Valley employment base.
Key Markets
First-Time Buyer Programs in Idaho
Idaho Housing Loan
Fixed-rate FHA or conventional loan for first-time and repeat buyers, with income limits.
Idaho Housing Second Mortgage
Down payment and closing cost help as a second loan, paired with an Idaho Housing first mortgage.
Programs are run by the Idaho Housing and Finance Association (IHFA). Income limits, price limits and assistance amounts change often — confirm current terms with the agency or an approved lender.
Property Tax in Idaho
The homeowner's exemption removes 50% of a primary residence's value, up to a capped amount, from taxation, which keeps effective rates well below the national average. At Idaho's average effective rate of 0.7%, a $420,000 home pays roughly $2,940/year (about $245/month).
Idaho Conforming Loan Limit
In 2026, the conforming loan limit is $832,750 in most counties. Designated high-cost areas can go up to $1,249,125. Loans above the limit are jumbo loans and usually need a larger down payment.
Closing Costs in Idaho
Idaho has no real estate transfer tax and does not require sale prices to be disclosed. Closing costs are mostly lender, title and escrow fees.
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