Total monthly cost of ownership
Cost to Own a Home in Paul, Idaho
A $251,000 home here costs
$1,832per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,290. The real number is $542 higher every month — 42% 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.
Paul against Minidoka County and Idaho
| Measure | Paul | Minidoka County |
|---|---|---|
| Median home value | $251,200 | $235,300 |
| Median property tax | $1,262 | $1,218 |
| Effective tax rate | 0.502% | 0.518% |
| Median gross rent | $788 | $909 |
| Population | 1,615 | 21,922 |
The weather behind that power bill
Paul sits in Minidoka County, which averages a high of 87.9°F in its hottest month and a low of 21.0°F in its coldest, with 10.3" of precipitation a year and 37% of it in a single three-month stretch. That climate drives 492 cooling and 6,285 heating degree days, which is what sets the $111 electricity line above.
See the full climate breakdown for Minidoka County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Minidoka County
Common questions
How much does it cost to own a home in Paul?
A $251,000 home in Paul, Idaho costs approximately $1,832 per month with 20% down at 6.66%. That is $1,290 principal and interest, $105 property tax, $49 homeowners insurance, $179 utilities and $209 set aside for maintenance.
What is the property tax rate in Paul?
Paul has an effective property tax rate of 0.502%, based on a median home value of $251,200 and median real estate taxes of $1,262. That is lower than the Minidoka County average of 0.518%.
What is the average home price in Paul?
The median owner-occupied home value in Paul, Idaho is $251,200, against $235,300 across Minidoka County.
Is it cheaper to rent or buy in Paul?
Median gross rent in Paul is $788 a month, against $1,832 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 Paul — 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.