Idaho housing costs at a glance
| Idaho | |
|---|---|
| Median home value (Zillow) | $482,000 |
| Average effective property tax | 0.43% |
| Typical rate for a new buyer (calculator default) | 0.5% |
| Average homeowners insurance ($300k dwelling) | $1,728 a year |
| 2026 conforming loan limit (one unit) | $832,750 |
Example: median-priced home
Idaho home for $482,000, 20% down, 6.5% 30-year fixed: principal and interest $2,437 + property tax $201 + insurance $144 = about $2,782 a month. Enter your own rate quote and the actual tax rate of the property for a precise figure.
Idaho property tax: claim the homeowner's exemption
Idaho's homeowner's exemption removes half of the value of your primary residence, up to $125,000, from property tax. Apply with the county assessor by April 15 of the year after you buy. With it, the average effective rate is about 0.43% of value, one of the lowest in the West; a second home or rental pays tax on its full value.
Other Idaho costs
- No transfer tax: Idaho does not tax real estate transfers.
- Insurance: about $1,730 a year on average for $300,000 of dwelling coverage.
- See also the Idaho paycheck calculator for the 5.3% income tax.
Other states
See also the Idaho paycheck calculator and mortgage costs in other states.
Frequently asked questions
What is the Idaho homeowner's exemption?
It exempts 50% of the value of your primary residence, up to $125,000, from property tax.
What is the monthly payment on a median-priced Idaho home?
On a $482,000 home with 20% down at 6.5%, principal and interest are about $2,437; with property tax at 0.5% and average insurance the total is about $2,782 a month.
Does Idaho have a transfer tax?
No. Idaho has no real estate transfer tax.
What is the property tax rate in Idaho?
About 0.43% of home value on average for owner-occupied homes.
For information only; not a loan offer. Property tax, insurance and closing costs depend on the specific property and lender.
Sources
- Idaho State Tax Commission – property tax
- FHFA – 2026 conforming loan limits
- U.S. Census Bureau ACS 2024 – real estate taxes (via NAHB / Construction Coverage)
- Zillow Home Value Index
- Insurify – home insurance by state
Rules checked: October 2026