CALCMONEY // HOME AFFORDABILITY // ID // CALDWELL
How much house can you afford in Caldwell? Based on local median home prices, current ID mortgage rates, and Caldwell property tax data.
$348,000
$2,194/mo
$94,046/yr
$189,976
Monthly housing costs of $2,194 represent 45.4% of Caldwell's median gross monthly income ($4,833/mo). At 45.4%, median-income buyers in Caldwell are significantly stretched — well above the 28% guideline. A larger down payment or higher income is required.
| Median Home Price | $348,000 |
| Down Payment (20%) | $69,600 |
| Loan Amount | $278,400 |
| Monthly PI Payment | $1,852 |
| Monthly Property Tax | $197 |
| Monthly Insurance Est. | $145 |
| Total Monthly PITI | $2,194 |
| Housing Cost % of Income | 45.4% |
| Required Income (28% rule) | $94,046/yr |
| Max Affordable Home | $189,976 |
$12,180
$2,814/mo
Caldwell Home Affordability Quick Reference 2026
| Metric | Value | Notes |
|---|---|---|
| Median Home Price | $348,000 | Caldwell city median |
| Down Payment (20%) | $69,600 | Conventional loan |
| Monthly PITI | $2,194 | 7% rate, 30yr fixed |
| Required Income (28% rule) | $94,046 | Annual gross |
| Max Affordable Home | $189,976 | Based on median income |
| FHA Down (3.5%) | $12,180 | Minimum FHA |
| Housing Cost % of Income | 45.4% | Median income: $58,000/yr |
| Property Tax Rate | 0.68% | $2,366/yr on median home |
Monthly PITI includes principal, interest, property tax, and homeowners insurance. Estimates only.
The median home price in Caldwell is $348,000, with a local 30-year mortgage rate of 7%. A buyer putting 20% down carries a loan of $278,400, generating a monthly P&I payment of $1,852. Adding property taxes ($197/mo) and homeowners insurance ($145/mo) brings total monthly PITI to $2,194.
Caldwell's property tax rate of 0.68% 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 Caldwell median home, that is $197/month, or $2,366 per year.
Idaho levies a state income tax, which affects take-home pay and effective buying power. High-income earners in Caldwell 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 Caldwell's median income of $58,000/year can afford up to $1,353/month in total housing costs. Based on Caldwell's mortgage rate of 7% and property tax rate of 0.68%, that translates to a maximum affordable home price of approximately $189,976 with 20% down on a 30-year loan.
To afford the median Caldwell home priced at $348,000, you need an annual gross income of approximately $94,046. Total monthly housing costs (principal and interest of $1,852, property taxes of $197, and insurance of $145) come to $2,194/month, which equals 28% of the required income.
At the median home price of $348,000 and median household income of $58,000, the total monthly housing cost of $2,194 represents 45.4% of gross monthly income. This is well above the standard 28% threshold, making Caldwell a challenging market for buyers at median income.
A conventional 20% down payment on the median Caldwell home of $348,000 is $69,600. An FHA loan requires just 3.5% down — $12,180 — but adds mortgage insurance of roughly $238/month, bringing total FHA payments to $2,814/month.