Total monthly cost of ownership
Cost to Own a Home in Hagerman, Idaho
A $190,000 home here costs
$1,506per 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 $64,500 a year.
A standard mortgage calculator would have told you $1,036. The real number is $470 higher every month, 45% 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 Hagerman from a five-year rolling sample, and with about 1,198 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.
Hagerman against Gooding County and Idaho
| Measure | Hagerman | Gooding County |
|---|---|---|
| Median home value | $189,600 | $231,800 |
| Median property tax | $968 | $1,223 |
| Effective tax rate | 0.511% | 0.528% |
| Median gross rent | $1,045 | $859 |
| Population | 1,198 | 15,740 |
The weather behind that power bill
Hagerman 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 Hagerman 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 Hagerman every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Hagerman I already own here and may sell
Common questions
How much does it cost to own a home in Hagerman?
A $190,000 home in Hagerman, Idaho costs approximately $1,506 per month with 20% down at 7.24%. That is $1,036 principal and interest, $81 property tax, $37 homeowners insurance, $194 utilities and $158 set aside for maintenance.
What is the property tax rate in Hagerman?
Hagerman has an effective property tax rate of 0.511%, based on a median home value of $189,600 and median real estate taxes of $968. That is lower than the Gooding County average of 0.528%.
What is the average home price in Hagerman?
The median owner-occupied home value in Hagerman, Idaho is $189,600, against $231,800 across Gooding County.
Is it cheaper to rent or buy in Hagerman?
Median gross rent in Hagerman is $1,045 a month, against $1,506 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 Hagerman?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Hagerman, Idaho at today's rate takes a household income of roughly $64,500 a year. That covers the full $1,506 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Hagerman, 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.