Total monthly cost of ownership
Cost to Own a Home in Genesee, Idaho
A $299,000 home here costs
$2,201per 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 $664 higher every month — 43% 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.
Genesee against Latah County and Idaho
| Measure | Genesee | Latah County |
|---|---|---|
| Median home value | $298,800 | $342,500 |
| Median property tax | $2,127 | $2,333 |
| Effective tax rate | 0.712% | 0.681% |
| Median gross rent | $1,142 | $905 |
| Population | 1,312 | 40,315 |
The weather behind that power bill
Genesee sits in Latah County, which averages a high of 83.4°F in its hottest month and a low of 26.9°F in its coldest, with 17.53" of precipitation a year and 37% of it in a single three-month stretch. That climate drives 284 cooling and 6,253 heating degree days, which is what sets the $111 electricity line above.
See the full climate breakdown for Latah County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Latah County
Common questions
How much does it cost to own a home in Genesee?
A $299,000 home in Genesee, Idaho costs approximately $2,201 per month with 20% down at 6.66%. That is $1,537 principal and interest, $177 property tax, $58 homeowners insurance, $179 utilities and $249 set aside for maintenance.
What is the property tax rate in Genesee?
Genesee has an effective property tax rate of 0.712%, based on a median home value of $298,800 and median real estate taxes of $2,127. That is higher than the Latah County average of 0.681%.
What is the average home price in Genesee?
The median owner-occupied home value in Genesee, Idaho is $298,800, against $342,500 across Latah County.
Is it cheaper to rent or buy in Genesee?
Median gross rent in Genesee is $1,142 a month, against $2,201 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 Genesee — 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.