Total monthly cost of ownership
Cost to Own a Home in Emmett, Idaho
A $299,000 home here costs
$2,255per 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 $96,500 a year.
A standard mortgage calculator would have told you $1,630. The real number is $625 higher every month, 38% more than the payment most buyers budget for.
Compare Gem 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.
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 $126 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.
Talk to someone who works this market
These are Emmett 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 Emmett every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Emmett I already own here and may sell
Common questions
How much does it cost to own a home in Emmett?
A $299,000 home in Emmett, Idaho costs approximately $2,255 per month with 20% down at 7.24%. That is $1,630 principal and interest, $124 property tax, $58 homeowners insurance, $194 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 $2,255 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 Emmett?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Emmett, Idaho at today's rate takes a household income of roughly $96,500 a year. That covers the full $2,255 monthly cost, not just the mortgage payment.
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.