Mortgage payment estimates, closing cost breakdowns, and homebuying data for Rexburg, Idaho.
Median Home Price
$325K
Population
36K
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 Rexburg.
Rexburg vs Idaho Median
The median home price in Rexburg is $325,000, which is 23% below the Idaho state median of $420,000.
Mortgage Calculator — Rexburg, ID
Pre-filled with Rexburg median home price and Idaho tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $325K home using Idaho's 0.63% tax rate and $1,600/yr insurance.
5% Down
$2,436/mo
Down: $16,250
Loan: $309K
P&I: $1,952
Tax: $171
Insurance: $133
PMI: $180
10% Down
$2,323/mo
Down: $32,500
Loan: $293K
P&I: $1,849
Tax: $171
Insurance: $133
PMI: $171
20% Down (No PMI)
$1,947/mo
Down: $65,000
Loan: $260K
P&I: $1,643
Tax: $171
Insurance: $133
Income needed (28% rule): $83K/year with 20% down, $100K/year with 10% down.
Rent vs Buy in Rexburg
Rent
$1,150/mo
vs
Buy (10% down)
$2,323/mo
Price-to-rent ratio: 23.6 — At a ratio above 20, renting may be more economical in Rexburg for shorter stays. Buying costs $1,173 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 Rexburg is $325,000, 23% below the Idaho state median of $420,000. With a population of 35,806, Rexburg 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 Rexburg 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 Rexburg 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.
Rexburg presents moderate affordability. The $325K 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 Rexburg.