Total monthly cost of ownership
Cost to Own a Home in Homedale, Idaho
A $200,000 home here costs
$1,505per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,028. The real number is $477 higher every month — 46% 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.
Homedale against Owyhee County and Idaho
| Measure | Homedale | Owyhee County |
|---|---|---|
| Median home value | $200,000 | $281,600 |
| Median property tax | $1,109 | $1,355 |
| Effective tax rate | 0.554% | 0.481% |
| Median gross rent | $951 | $771 |
| Population | 3,006 | 12,284 |
The weather behind that power bill
Homedale sits in Owyhee County, which averages a high of 87.7°F in its hottest month and a low of 20.5°F in its coldest, with 11.3" of precipitation a year and 35% of it in a single three-month stretch. That climate drives 457 cooling and 6,473 heating degree days, which is what sets the $111 electricity line above.
See the full climate breakdown for Owyhee County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Owyhee County
Common questions
How much does it cost to own a home in Homedale?
A $200,000 home in Homedale, Idaho costs approximately $1,505 per month with 20% down at 6.66%. That is $1,028 principal and interest, $92 property tax, $39 homeowners insurance, $179 utilities and $167 set aside for maintenance.
What is the property tax rate in Homedale?
Homedale has an effective property tax rate of 0.554%, based on a median home value of $200,000 and median real estate taxes of $1,109. That is higher than the Owyhee County average of 0.481%.
What is the average home price in Homedale?
The median owner-occupied home value in Homedale, Idaho is $200,000, against $281,600 across Owyhee County.
Is it cheaper to rent or buy in Homedale?
Median gross rent in Homedale is $951 a month, against $1,505 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 Homedale — 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.