Total monthly cost of ownership
Cost to Own a Home in Gooding, Idaho
A $176,000 home here costs
$1,365per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $905. The real number is $460 higher every month — 51% 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.
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 $111 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
Common questions
How much does it cost to own a home in Gooding?
A $176,000 home in Gooding, Idaho costs approximately $1,365 per month with 20% down at 6.66%. That is $905 principal and interest, $100 property tax, $34 homeowners insurance, $179 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 $1,365 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 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.