Total monthly cost of ownership
Cost to Own a Home in Emmett, Idaho
A $299,000 home here costs
$2,147per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,537. The real number is $610 higher every month — 40% 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.
Emmett against Gem County and Idaho
| Measure | Emmett | Gem County |
|---|---|---|
| Median home value | $299,000 | $367,300 |
| Median property tax | $1,482 | $1,443 |
| Effective tax rate | 0.496% | 0.393% |
| Median gross rent | $854 | $887 |
| Population | 7,948 | 19,854 |
The weather behind that power bill
Emmett sits in Gem County, which averages a high of 92.5°F in its hottest month and a low of 15.4°F in its coldest, with 22.53" of precipitation a year and 43% of it in a single three-month stretch. That climate drives 493 cooling and 6,711 heating degree days, which is what sets the $111 electricity line above.
See the full climate breakdown for Gem County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Gem County
No other places of this size are published in Gem County.
Common questions
How much does it cost to own a home in Emmett?
A $299,000 home in Emmett, Idaho costs approximately $2,147 per month with 20% down at 6.66%. That is $1,537 principal and interest, $124 property tax, $58 homeowners insurance, $179 utilities and $249 set aside for maintenance.
What is the property tax rate in Emmett?
Emmett has an effective property tax rate of 0.496%, based on a median home value of $299,000 and median real estate taxes of $1,482. That is higher than the Gem County average of 0.393%.
What is the average home price in Emmett?
The median owner-occupied home value in Emmett, Idaho is $299,000, against $367,300 across Gem County.
Is it cheaper to rent or buy in Emmett?
Median gross rent in Emmett is $854 a month, against $2,147 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 Emmett — 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.