Total monthly cost of ownership
Cost to Own a Home in Grangeville, Idaho
A $262,000 home here costs
$1,980per 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 $85,000 a year.
A standard mortgage calculator would have told you $1,428. The real number is $551 higher every month, 39% more than the payment most buyers budget for.
Compare Idaho County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Grangeville from a five-year rolling sample, and with about 3,443 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 Idaho 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.
Grangeville against Idaho County and Idaho
| Measure | Grangeville | Idaho County |
|---|---|---|
| Median home value | $262,000 | $284,600 |
| Median property tax | $1,052 | $974 |
| Effective tax rate | 0.402% | 0.342% |
| Median gross rent | $783 | $797 |
| Population | 3,443 | 17,120 |
The weather behind that power bill
Grangeville sits in Idaho County, which averages a high of 82.9°F in its hottest month and a low of 14.0°F in its coldest, with 30.64" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 69 cooling and 8,358 heating degree days, which is what sets the $126 electricity line above.
See the full climate breakdown for Idaho County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Idaho County
Talk to someone who works this market
These are Grangeville 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 Grangeville every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Grangeville I already own here and may sell
Common questions
How much does it cost to own a home in Grangeville?
A $262,000 home in Grangeville, Idaho costs approximately $1,980 per month with 20% down at 7.24%. That is $1,428 principal and interest, $88 property tax, $51 homeowners insurance, $194 utilities and $218 set aside for maintenance.
What is the property tax rate in Grangeville?
Grangeville has an effective property tax rate of 0.402%, based on a median home value of $262,000 and median real estate taxes of $1,052. That is higher than the Idaho County average of 0.342%.
What is the average home price in Grangeville?
The median owner-occupied home value in Grangeville, Idaho is $262,000, against $284,600 across Idaho County.
Is it cheaper to rent or buy in Grangeville?
Median gross rent in Grangeville is $783 a month, against $1,980 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 Grangeville?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Grangeville, Idaho at today's rate takes a household income of roughly $85,000 a year. That covers the full $1,980 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Grangeville, 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.