Total monthly cost of ownership
Cost to Own a Home in Payette, Idaho
A $248,000 home here costs
$1,820per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,275. The real number is $545 higher every month — 43% 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.
Payette against Payette County and Idaho
| Measure | Payette | Payette County |
|---|---|---|
| Median home value | $247,700 | $310,700 |
| Median property tax | $1,336 | $1,353 |
| Effective tax rate | 0.539% | 0.435% |
| Median gross rent | $846 | $874 |
| Population | 8,358 | 26,190 |
The weather behind that power bill
Payette sits in Payette County, which averages a high of 95.1°F in its hottest month and a low of 24.3°F in its coldest, with 9.48" of precipitation a year and 39% of it in a single three-month stretch. That climate drives 1,100 cooling and 5,200 heating degree days, which is what sets the $111 electricity line above.
See the full climate breakdown for Payette County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Payette County
Common questions
How much does it cost to own a home in Payette?
A $248,000 home in Payette, Idaho costs approximately $1,820 per month with 20% down at 6.66%. That is $1,275 principal and interest, $111 property tax, $48 homeowners insurance, $179 utilities and $207 set aside for maintenance.
What is the property tax rate in Payette?
Payette has an effective property tax rate of 0.539%, based on a median home value of $247,700 and median real estate taxes of $1,336. That is higher than the Payette County average of 0.435%.
What is the average home price in Payette?
The median owner-occupied home value in Payette, Idaho is $247,700, against $310,700 across Payette County.
Is it cheaper to rent or buy in Payette?
Median gross rent in Payette is $846 a month, against $1,820 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 Payette — 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.