Total monthly cost of ownership
Cost to Own a Home in Chubbuck, Idaho
A $314,000 home here costs
$2,449per month, all in, with 20% down at today's 7.32% 30-year fixed rate. By the 28% rule that takes a household income of about $105,000 a year.
A standard mortgage calculator would have told you $1,726. The real number is $724 higher every month, 42% more than the payment most buyers budget for.
Compare Bannock 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.
Chubbuck against Bannock County and Idaho
| Measure | Chubbuck | Bannock County |
|---|---|---|
| Median home value | $313,700 | $267,200 |
| Median property tax | $2,442 | $1,918 |
| Effective tax rate | 0.778% | 0.718% |
| Median gross rent | $917 | $879 |
| Population | 15,900 | 88,457 |
The weather behind that power bill
Chubbuck sits in Bannock County, which averages a high of 87.3°F in its hottest month and a low of 14.6°F in its coldest, with 15.46" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 348 cooling and 7,219 heating degree days, which is what sets the $130 electricity line above.
See the full climate breakdown for Bannock County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Bannock County
Talk to someone who works this market
These are Chubbuck 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 Chubbuck every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Chubbuck I already own here and may sell
Common questions
How much does it cost to own a home in Chubbuck?
A $314,000 home in Chubbuck, Idaho costs approximately $2,449 per month with 20% down at 7.32%. That is $1,726 principal and interest, $204 property tax, $61 homeowners insurance, $198 utilities and $262 set aside for maintenance.
What is the property tax rate in Chubbuck?
Chubbuck has an effective property tax rate of 0.778%, based on a median home value of $313,700 and median real estate taxes of $2,442. That is higher than the Bannock County average of 0.718%.
What is the average home price in Chubbuck?
The median owner-occupied home value in Chubbuck, Idaho is $313,700, against $267,200 across Bannock County.
Is it cheaper to rent or buy in Chubbuck?
Median gross rent in Chubbuck is $917 a month, against $2,449 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 Chubbuck?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Chubbuck, Idaho at today's rate takes a household income of roughly $105,000 a year. That covers the full $2,449 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Chubbuck, 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.