Total monthly cost of ownership
Cost to Own a Home in Shoshone, Idaho
A $188,000 home here costs
$1,436per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $967. The real number is $469 higher every month — 49% 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.
Shoshone against Lincoln County and Idaho
| Measure | Shoshone | Lincoln County |
|---|---|---|
| Median home value | $187,800 | $206,700 |
| Median property tax | $1,165 | $991 |
| Effective tax rate | 0.620% | 0.479% |
| Median gross rent | $898 | $860 |
| Population | 1,985 | 5,276 |
The weather behind that power bill
Shoshone sits in Lincoln County, which averages a high of 88.9°F in its hottest month and a low of 13.9°F in its coldest, with 10.52" of precipitation a year and 39% of it in a single three-month stretch. That climate drives 489 cooling and 7,337 heating degree days, which is what sets the $111 electricity line above.
See the full climate breakdown for Lincoln County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Lincoln County
No other places of this size are published in Lincoln County.
Common questions
How much does it cost to own a home in Shoshone?
A $188,000 home in Shoshone, Idaho costs approximately $1,436 per month with 20% down at 6.66%. That is $967 principal and interest, $97 property tax, $37 homeowners insurance, $179 utilities and $157 set aside for maintenance.
What is the property tax rate in Shoshone?
Shoshone has an effective property tax rate of 0.620%, based on a median home value of $187,800 and median real estate taxes of $1,165. That is higher than the Lincoln County average of 0.479%.
What is the average home price in Shoshone?
The median owner-occupied home value in Shoshone, Idaho is $187,800, against $206,700 across Lincoln County.
Is it cheaper to rent or buy in Shoshone?
Median gross rent in Shoshone is $898 a month, against $1,436 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 Shoshone — 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.