Total monthly cost of ownership
Cost to Own a Home in Caldwell, Idaho
A $322,000 home here costs
$2,470per month, all in, with 20% down at today's 7.40% 30-year fixed rate. By the 28% rule that takes a household income of about $106,000 a year.
A standard mortgage calculator would have told you $1,784. The real number is $687 higher every month, 38% more than the payment most buyers budget for.
Compare Canyon County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Caldwell against Canyon County and Idaho
| Measure | Caldwell | Canyon County |
|---|---|---|
| Median home value | $322,100 | $350,300 |
| Median property tax | $1,898 | $1,996 |
| Effective tax rate | 0.589% | 0.570% |
| Median gross rent | $1,135 | $1,259 |
| Population | 63,465 | 242,405 |
The weather behind that power bill
Caldwell sits in Canyon County, which averages a high of 89.9°F in its hottest month and a low of 24.0°F in its coldest, with 10" of precipitation a year and 34% of it in a single three-month stretch. That climate drives 771 cooling and 5,288 heating degree days, which is what sets the $130 electricity line above.
See the full climate breakdown for Canyon County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Canyon County
Talk to someone who works this market
These are Caldwell 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 Caldwell every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Caldwell I already own here and may sell
Common questions
How much does it cost to own a home in Caldwell?
A $322,000 home in Caldwell, Idaho costs approximately $2,470 per month with 20% down at 7.4%. That is $1,784 principal and interest, $158 property tax, $63 homeowners insurance, $198 utilities and $268 set aside for maintenance.
What is the property tax rate in Caldwell?
Caldwell has an effective property tax rate of 0.589%, based on a median home value of $322,100 and median real estate taxes of $1,898. That is higher than the Canyon County average of 0.570%.
What is the average home price in Caldwell?
The median owner-occupied home value in Caldwell, Idaho is $322,100, against $350,300 across Canyon County.
Is it cheaper to rent or buy in Caldwell?
Median gross rent in Caldwell is $1,135 a month, against $2,470 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 Caldwell?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Caldwell, Idaho at today's rate takes a household income of roughly $106,000 a year. That covers the full $2,470 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Caldwell, 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.