Important: How Much You Need To Make To Buy A Home In Idaho In 2025

How Much You Need to Make to Buy a Home in Idaho in 2025

According to 247wallst.com, the median home price in Idaho is about $572,988, making it one of the top ten highest in the U.S. With mortgage rates averaging 6.84%, your monthly house payment, including property taxes and insurance, will likely be around $3,334. We have a low property tax rate of 0.5%, and annual homeowners insurance costs average about $107, which is affordable compared to other states.

How Does Idaho Compare to Other States?

Idaho ranks 15th nationally for the income needed to buy a home. In Alabama, you would need to make $88,278, and in West Virginia, you would only need to make $63,429, making it the most affordable state. California is on the other side of the spectrum, and your income would need to be $194,364. You and I both know that's not getting you much in California, which is why so many people from California moved here.

What Does This Mean for Buyers?

If 2025 is the year you plan to buy a home in Idaho, financial experts suggest spending no more than 28% of your income on housing each year. They also have first-time buyer programs for possible savings. The higher costs are tough, especially for those who can barely pay rent in some Idaho cities.

How Much Do You Need To Make In Idaho?

To afford a typical house in Idaho, you'll need an annual income of about $142,889, which is the equivalent of a two-household income for most residents.