How Much House Can I Afford in Idaho on $110K?
Based on Idaho's 0.63% property tax rate and $1,600/yr homeowners insurance.
Can You Afford the Median Home in Idaho?
The median home in Idaho ($420K) exceeds your $392K budget by $28K. But many areas in Idaho have homes well below the median. Check the affordable cities below for areas within your budget.
Affordable Cities in Idaho on $110K
These Idaho cities have median home prices within your $392K budget.
Up to 7% second mortgage. First-time buyers in Idaho should explore this program to reduce upfront costs. Combined with your $392K budget, state assistance can significantly lower the cash you need to close.
Buying a Home in Idaho on $110K
In Idaho, your $110K salary stretches further than the national average. Because Idaho's 0.63% property tax rate is below the national average of 1.1%, your maximum affordable price is $392K — that is $26K more than the $366K you would get using national averages. Lower property taxes mean a smaller slice of your monthly payment goes to the county, leaving more room for the mortgage itself.
Idaho's combination of 0.63% property taxes and $1,600/yr insurance puts it in the moderate-cost category. Your $392K budget gives you a solid starting point, though you will be looking below the $420K state median. Focus on cities and neighborhoods where your budget represents strong buying power — in many parts of Idaho, $392K buys a well-maintained home in a good school district.
Budget $6K for closing costs in Idaho (roughly 1.5% of the purchase price). Combined with your $39,161 down payment, you will need approximately $45K in cash to close. Idaho Housing DPA may help offset these costs — contact them early in the process to understand eligibility and timelines. Get pre-approved with a Idaho-based lender who understands local programs and can close efficiently.