Total monthly cost of ownership
Cost to Own a Home in Salmon, Idaho
A $198,000 home here costs
$1,501per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,018. The real number is $483 higher every month — 47% 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.
Salmon against Lemhi County and Idaho
| Measure | Salmon | Lemhi County |
|---|---|---|
| Median home value | $198,400 | $282,100 |
| Median property tax | $1,205 | $1,109 |
| Effective tax rate | 0.607% | 0.393% |
| Median gross rent | $584 | $721 |
| Population | 3,196 | 8,166 |
The weather behind that power bill
Salmon sits in Lemhi County, which averages a high of 86.9°F in its hottest month and a low of 10.7°F in its coldest, with 6.93" of precipitation a year and 34% of it in a single three-month stretch. That climate drives 312 cooling and 7,795 heating degree days, which is what sets the $111 electricity line above.
See the full climate breakdown for Lemhi County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Lemhi County
No other places of this size are published in Lemhi County.
Common questions
How much does it cost to own a home in Salmon?
A $198,000 home in Salmon, Idaho costs approximately $1,501 per month with 20% down at 6.66%. That is $1,018 principal and interest, $100 property tax, $38 homeowners insurance, $179 utilities and $165 set aside for maintenance.
What is the property tax rate in Salmon?
Salmon has an effective property tax rate of 0.607%, based on a median home value of $198,400 and median real estate taxes of $1,205. That is higher than the Lemhi County average of 0.393%.
What is the average home price in Salmon?
The median owner-occupied home value in Salmon, Idaho is $198,400, against $282,100 across Lemhi County.
Is it cheaper to rent or buy in Salmon?
Median gross rent in Salmon is $584 a month, against $1,501 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 Salmon — 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.