Total monthly cost of ownership
Cost to Own a Home in Grace, Idaho
A $180,000 home here costs
$1,394per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $925. The real number is $468 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.
Grace against Caribou County and Idaho
| Measure | Grace | Caribou County |
|---|---|---|
| Median home value | $180,300 | $220,200 |
| Median property tax | $1,253 | $1,330 |
| Effective tax rate | 0.695% | 0.604% |
| Median gross rent | $271 | $800 |
| Population | 1,345 | 7,118 |
The weather behind that power bill
Grace sits in Caribou County, which averages a high of 86.8°F in its hottest month and a low of 10.0°F in its coldest, with 15.72" of precipitation a year and 33% of it in a single three-month stretch. That climate drives 180 cooling and 8,396 heating degree days, which is what sets the $111 electricity line above.
See the full climate breakdown for Caribou County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Caribou County
Common questions
How much does it cost to own a home in Grace?
A $180,000 home in Grace, Idaho costs approximately $1,394 per month with 20% down at 6.66%. That is $925 principal and interest, $104 property tax, $35 homeowners insurance, $179 utilities and $150 set aside for maintenance.
What is the property tax rate in Grace?
Grace has an effective property tax rate of 0.695%, based on a median home value of $180,300 and median real estate taxes of $1,253. That is higher than the Caribou County average of 0.604%.
What is the average home price in Grace?
The median owner-occupied home value in Grace, Idaho is $180,300, against $220,200 across Caribou County.
Is it cheaper to rent or buy in Grace?
Median gross rent in Grace is $271 a month, against $1,394 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 Grace — 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.