Mortgage payment estimates, closing cost breakdowns, and homebuying data for Burley, Idaho.
Median Home Price
$255K
Population
11K
Avg Monthly Rent
$950
Property Tax Rate
0.63% *
* Property tax shown is the Idaho state average effective rate. Actual rates vary by county, city, and school district — check with your local assessor for exact rates in Burley.
Burley vs Idaho Median
The median home price in Burley is $255,000, which is 39% below the Idaho state median of $420,000.
Mortgage Calculator — Burley, ID
Pre-filled with Burley median home price and Idaho tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $255K home using Idaho's 0.63% tax rate and $1,600/yr insurance.
5% Down
$1,940/mo
Down: $12,750
Loan: $242K
P&I: $1,531
Tax: $134
Insurance: $133
PMI: $141
10% Down
$1,852/mo
Down: $25,500
Loan: $230K
P&I: $1,451
Tax: $134
Insurance: $133
PMI: $134
20% Down (No PMI)
$1,557/mo
Down: $51,000
Loan: $204K
P&I: $1,289
Tax: $134
Insurance: $133
Income needed (28% rule): $67K/year with 20% down, $79K/year with 10% down.
Rent vs Buy in Burley
Rent
$950/mo
vs
Buy (10% down)
$1,852/mo
Price-to-rent ratio: 22.4 — At a ratio above 20, renting may be more economical in Burley for shorter stays. Buying costs $902 more per month than renting, and it typically takes 5-7 years to break even on the transaction costs of buying.
The median home price in Burley is $255,000, 39% below the Idaho state median of $420,000. With a population of 10,893, Burley is a smaller market where home prices tend to be more accessible than in many parts of Idaho.
Property taxes in Idaho average 0.63% annually. This low property tax rate is a significant advantage for Burley buyers, keeping your monthly costs well below what you'd pay in higher-tax states. Homeowners insurance in Idaho runs approximately $1,600 per year. This is within the normal range nationally.
Average rent in Burley is $950/month. With a price-to-rent ratio above 20, renting could be more economical in the short term — use our Rent vs Buy calculator to model your specific timeline.
Burley presents moderate affordability. The $255K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Burley.