CALCMONEY // HOME AFFORDABILITY // ID // BOISE
How much house can you afford in Boise? Based on local median home prices, current ID mortgage rates, and Boise property tax data.
$450,000
$2,817/mo
$120,738/yr
$234,161
Monthly housing costs of $2,817 represent 47.0% of Boise's median gross monthly income ($6,000/mo). At 47.0%, median-income buyers in Boise are significantly stretched — well above the 28% guideline. A larger down payment or higher income is required.
| Median Home Price | $450,000 |
| Down Payment (20%) | $90,000 |
| Loan Amount | $360,000 |
| Monthly PI Payment | $2,371 |
| Monthly Property Tax | $259 |
| Monthly Insurance Est. | $188 |
| Total Monthly PITI | $2,817 |
| Housing Cost % of Income | 47.0% |
| Required Income (28% rule) | $120,738/yr |
| Max Affordable Home | $234,161 |
$15,750
$3,614/mo
Boise Home Affordability Quick Reference 2026
| Metric | Value | Notes |
|---|---|---|
| Median Home Price | $450,000 | Boise city median |
| Down Payment (20%) | $90,000 | Conventional loan |
| Monthly PITI | $2,817 | 6.9% rate, 30yr fixed |
| Required Income (28% rule) | $120,738 | Annual gross |
| Max Affordable Home | $234,161 | Based on median income |
| FHA Down (3.5%) | $15,750 | Minimum FHA |
| Housing Cost % of Income | 47.0% | Median income: $72,000/yr |
| Property Tax Rate | 0.69% | $3,105/yr on median home |
Monthly PITI includes principal, interest, property tax, and homeowners insurance. Estimates only.
The median home price in Boise is $450,000, with a local 30-year mortgage rate of 6.9%. A buyer putting 20% down carries a loan of $360,000, generating a monthly P&I payment of $2,371. Adding property taxes ($259/mo) and homeowners insurance ($188/mo) brings total monthly PITI to $2,817.
Boise's property tax rate of 0.69% is among the lower rates in the country, which improves overall affordability by keeping total PITI closer to the principal and interest payment alone. On the Boise median home, that is $259/month, or $3,105 per year.
Idaho levies a state income tax, which affects take-home pay and effective buying power. High-income earners in Boise should factor state tax liability into their overall housing budget — mortgage interest may be deductible on both federal and state returns.
Using the 28% rule, a household earning Boise's median income of $72,000/year can afford up to $1,680/month in total housing costs. Based on Boise's mortgage rate of 6.9% and property tax rate of 0.69%, that translates to a maximum affordable home price of approximately $234,161 with 20% down on a 30-year loan.
To afford the median Boise home priced at $450,000, you need an annual gross income of approximately $120,738. Total monthly housing costs (principal and interest of $2,371, property taxes of $259, and insurance of $188) come to $2,817/month, which equals 28% of the required income.
At the median home price of $450,000 and median household income of $72,000, the total monthly housing cost of $2,817 represents 47.0% of gross monthly income. This is well above the standard 28% threshold, making Boise a challenging market for buyers at median income.
A conventional 20% down payment on the median Boise home of $450,000 is $90,000. An FHA loan requires just 3.5% down — $15,750 — but adds mortgage insurance of roughly $308/month, bringing total FHA payments to $3,614/month.
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