Total monthly cost of ownership
Cost to Own a Home in Bonners Ferry, Idaho
A $272,000 home here costs
$1,967per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,398. The real number is $569 higher every month — 41% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Bonners Ferry against Boundary County and Idaho
| Measure | Bonners Ferry | Boundary County |
|---|---|---|
| Median home value | $272,000 | $344,100 |
| Median property tax | $1,322 | $1,433 |
| Effective tax rate | 0.486% | 0.416% |
| Median gross rent | $1,043 | $867 |
| Population | 2,615 | 12,695 |
The weather behind that power bill
Bonners Ferry sits in Boundary County, which averages a high of 84.8°F in its hottest month and a low of 23.7°F in its coldest, with 21.07" of precipitation a year and 40% of it in a single three-month stretch. That climate drives 355 cooling and 6,674 heating degree days, which is what sets the $111 electricity line above.
See the full climate breakdown for Boundary County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Boundary County
Common questions
How much does it cost to own a home in Bonners Ferry?
A $272,000 home in Bonners Ferry, Idaho costs approximately $1,967 per month with 20% down at 6.66%. That is $1,398 principal and interest, $110 property tax, $53 homeowners insurance, $179 utilities and $227 set aside for maintenance.
What is the property tax rate in Bonners Ferry?
Bonners Ferry has an effective property tax rate of 0.486%, based on a median home value of $272,000 and median real estate taxes of $1,322. That is higher than the Boundary County average of 0.416%.
What is the average home price in Bonners Ferry?
The median owner-occupied home value in Bonners Ferry, Idaho is $272,000, against $344,100 across Boundary County.
Is it cheaper to rent or buy in Bonners Ferry?
Median gross rent in Bonners Ferry is $1,043 a month, against $1,967 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Bonners Ferry — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Idaho.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.