Total monthly cost of ownership
Cost to Own a Home in Hailey, Idaho
A $575,000 home here costs
$4,059per 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 $174,000 a year.
A standard mortgage calculator would have told you $3,135. The real number is $924 higher every month, 29% more than the payment most buyers budget for.
Compare Blaine County with anywhere in America · full county breakdown
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 $126 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
Talk to someone who works this market
These are Hailey 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 Hailey every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Hailey I already own here and may sell
Common questions
How much does it cost to own a home in Hailey?
A $575,000 home in Hailey, Idaho costs approximately $4,059 per month with 20% down at 7.24%. That is $3,135 principal and interest, $139 property tax, $112 homeowners insurance, $194 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 $4,059 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 Hailey?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Hailey, Idaho at today's rate takes a household income of roughly $174,000 a year. That covers the full $4,059 monthly cost, not just the mortgage payment.
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.