Mortgage Calculator & Closing Costs: Idaho Falls, ID
Mortgage payment estimates, closing cost breakdowns, and homebuying data for Idaho Falls, Idaho.
Median Home Price
$335K
Population
64K
Avg Monthly Rent
$1,150
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 Idaho Falls.
Idaho Falls vs Idaho Median
The median home price in Idaho Falls is $335,000, which is 20% below the Idaho state median of $420,000.
Mortgage Calculator — Idaho Falls, ID
Pre-filled with Idaho Falls median home price and Idaho tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $335K home using Idaho's 0.63% tax rate and $1,600/yr insurance.
5% Down
$2,506/mo
Down: $16,750
Loan: $318K
P&I: $2,012
Tax: $176
Insurance: $133
PMI: $186
10% Down
$2,391/mo
Down: $33,500
Loan: $302K
P&I: $1,906
Tax: $176
Insurance: $133
PMI: $176
20% Down (No PMI)
$2,003/mo
Down: $67,000
Loan: $268K
P&I: $1,694
Tax: $176
Insurance: $133
Income needed (28% rule): $86K/year with 20% down, $102K/year with 10% down.
Rent vs Buy in Idaho Falls
Rent
$1,150/mo
vs
Buy (10% down)
$2,391/mo
Price-to-rent ratio: 24.3 — At a ratio above 20, renting may be more economical in Idaho Falls for shorter stays. Buying costs $1,241 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 Idaho Falls is $335,000, 20% below the Idaho state median of $420,000. With a population of 64,048, Idaho Falls 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 Idaho Falls 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 Idaho Falls is $1,150/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.
Idaho Falls presents moderate affordability. The $335K 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 Idaho Falls.