Total monthly cost of ownership
Cost to Own a Home in Gooding, Idaho
A $176,000 home here costs
$1,435per 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 $61,500 a year.
A standard mortgage calculator would have told you $960. The real number is $476 higher every month, 50% more than the payment most buyers budget for.
Compare Gooding County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Gooding from a five-year rolling sample, and with about 3,731 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Gooding County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Gooding against Gooding County and Idaho
| Measure | Gooding | Gooding County |
|---|---|---|
| Median home value | $175,800 | $231,800 |
| Median property tax | $1,205 | $1,223 |
| Effective tax rate | 0.685% | 0.528% |
| Median gross rent | $869 | $859 |
| Population | 3,731 | 15,740 |
The weather behind that power bill
Gooding sits in Gooding County, which averages a high of 91.9°F in its hottest month and a low of 22.2°F in its coldest, with 9.81" of precipitation a year and 41% of it in a single three-month stretch. That climate drives 671 cooling and 5,883 heating degree days, which is what sets the $126 electricity line above.
See the full climate breakdown for Gooding County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Gooding County
Talk to someone who works this market
These are Gooding 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 Gooding every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Gooding I already own here and may sell
Common questions
How much does it cost to own a home in Gooding?
A $176,000 home in Gooding, Idaho costs approximately $1,435 per month with 20% down at 7.24%. That is $960 principal and interest, $100 property tax, $34 homeowners insurance, $194 utilities and $147 set aside for maintenance.
What is the property tax rate in Gooding?
Gooding has an effective property tax rate of 0.685%, based on a median home value of $175,800 and median real estate taxes of $1,205. That is higher than the Gooding County average of 0.528%.
What is the average home price in Gooding?
The median owner-occupied home value in Gooding, Idaho is $175,800, against $231,800 across Gooding County.
Is it cheaper to rent or buy in Gooding?
Median gross rent in Gooding is $869 a month, against $1,435 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 Gooding?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Gooding, Idaho at today's rate takes a household income of roughly $61,500 a year. That covers the full $1,435 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Gooding, 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.