Total monthly cost of ownership
Cost to Own a Home in Bonners Ferry, Idaho
A $272,000 home here costs
$2,067per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $88,500 a year.
A standard mortgage calculator would have told you $1,483. The real number is $584 higher every month, 39% more than the payment most buyers budget for.
Compare Boundary County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Bonners Ferry from a five-year rolling sample, and with about 2,615 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Boundary County figures are drawn from a far larger sample if you want a steadier number.
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 $126 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
Talk to someone who works this market
These are Bonners Ferry averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Bonners Ferry every week. Free, no obligation, and we never sell your details to a list.
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Common questions
How much does it cost to own a home in Bonners Ferry?
A $272,000 home in Bonners Ferry, Idaho costs approximately $2,067 per month with 20% down at 7.24%. That is $1,483 principal and interest, $110 property tax, $53 homeowners insurance, $194 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 $2,067 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Bonners Ferry?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Bonners Ferry, Idaho at today's rate takes a household income of roughly $88,500 a year. That covers the full $2,067 monthly cost, not just the mortgage payment.
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.