Total monthly cost of ownership
Cost to Own a Home in Paul, Idaho
A $251,000 home here costs
$1,926per 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 $82,500 a year.
A standard mortgage calculator would have told you $1,368. The real number is $557 higher every month, 41% more than the payment most buyers budget for.
Compare Minidoka County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Paul from a five-year rolling sample, and with about 1,615 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 Minidoka 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.
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 $126 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
Talk to someone who works this market
These are Paul 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 Paul every week. Free, no obligation, and we never sell your details to a list.
Common questions
How much does it cost to own a home in Paul?
A $251,000 home in Paul, Idaho costs approximately $1,926 per month with 20% down at 7.24%. That is $1,368 principal and interest, $105 property tax, $49 homeowners insurance, $194 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 $1,926 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 Paul?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Paul, Idaho at today's rate takes a household income of roughly $82,500 a year. That covers the full $1,926 monthly cost, not just the mortgage payment.
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.