Total monthly cost of ownership
Cost to Own a Home in Hailey, Idaho
A $575,000 home here costs
$3,865per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $2,956. The real number is $909 higher every month — 31% 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.
Hailey against Blaine County and Idaho
| Measure | Hailey | Blaine County |
|---|---|---|
| Median home value | $574,500 | $663,800 |
| Median property tax | $1,669 | $2,563 |
| Effective tax rate | 0.291% | 0.386% |
| Median gross rent | $1,196 | $1,217 |
| Population | 9,439 | 24,579 |
The weather behind that power bill
Hailey sits in Blaine County, which averages a high of 86.8°F in its hottest month and a low of 7.1°F in its coldest, with 12.97" of precipitation a year and 36% of it in a single three-month stretch. That climate drives 185 cooling and 8,380 heating degree days, which is what sets the $111 electricity line above.
See the full climate breakdown for Blaine County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Blaine County
Common questions
How much does it cost to own a home in Hailey?
A $575,000 home in Hailey, Idaho costs approximately $3,865 per month with 20% down at 6.66%. That is $2,956 principal and interest, $139 property tax, $112 homeowners insurance, $179 utilities and $479 set aside for maintenance.
What is the property tax rate in Hailey?
Hailey has an effective property tax rate of 0.291%, based on a median home value of $574,500 and median real estate taxes of $1,669. That is lower than the Blaine County average of 0.386%.
What is the average home price in Hailey?
The median owner-occupied home value in Hailey, Idaho is $574,500, against $663,800 across Blaine County.
Is it cheaper to rent or buy in Hailey?
Median gross rent in Hailey is $1,196 a month, against $3,865 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 Hailey — 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.