Mortgage Calculator & Closing Costs: Twin Falls, ID
Mortgage payment estimates, closing cost breakdowns, and homebuying data for Twin Falls, Idaho.
Median Home Price
$315K
Population
52K
Avg Monthly Rent
$1,120
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 Twin Falls.
Twin Falls vs Idaho Median
The median home price in Twin Falls is $315,000, which is 25% below the Idaho state median of $420,000.
Mortgage Calculator — Twin Falls, ID
Pre-filled with Twin Falls median home price and Idaho tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $315K home using Idaho's 0.63% tax rate and $1,600/yr insurance.
5% Down
$2,365/mo
Down: $15,750
Loan: $299K
P&I: $1,891
Tax: $165
Insurance: $133
PMI: $175
10% Down
$2,256/mo
Down: $31,500
Loan: $284K
P&I: $1,792
Tax: $165
Insurance: $133
PMI: $165
20% Down (No PMI)
$1,892/mo
Down: $63,000
Loan: $252K
P&I: $1,593
Tax: $165
Insurance: $133
Income needed (28% rule): $81K/year with 20% down, $97K/year with 10% down.
Rent vs Buy in Twin Falls
Rent
$1,120/mo
vs
Buy (10% down)
$2,256/mo
Price-to-rent ratio: 23.4 — At a ratio above 20, renting may be more economical in Twin Falls for shorter stays. Buying costs $1,136 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 Twin Falls is $315,000, 25% below the Idaho state median of $420,000. With a population of 51,807, Twin 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 Twin 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 Twin Falls is $1,120/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.
Twin Falls presents moderate affordability. The $315K 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 Twin Falls.