Total monthly cost of ownership
Cost to Own a Home in Payette, Idaho
A $248,000 home here costs
$1,913per 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 $82,000 a year.
A standard mortgage calculator would have told you $1,352. The real number is $560 higher every month, 41% more than the payment most buyers budget for.
Compare Payette 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.
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 $126 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
Talk to someone who works this market
These are Payette 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 Payette every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Payette I already own here and may sell
Common questions
How much does it cost to own a home in Payette?
A $248,000 home in Payette, Idaho costs approximately $1,913 per month with 20% down at 7.24%. That is $1,352 principal and interest, $111 property tax, $48 homeowners insurance, $194 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 $1,913 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 Payette?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Payette, Idaho at today's rate takes a household income of roughly $82,000 a year. That covers the full $1,913 monthly cost, not just the mortgage payment.
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.