Total monthly cost of ownership
Cost to Own a Home in Twin Falls, Idaho
A $279,000 home here costs
$2,074per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,434. The real number is $640 higher every month — 45% 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.
Twin Falls against Twin Falls County and Idaho
| Measure | Twin Falls | Twin Falls County |
|---|---|---|
| Median home value | $279,400 | $292,700 |
| Median property tax | $2,090 | $1,951 |
| Effective tax rate | 0.748% | 0.667% |
| Median gross rent | $1,011 | $1,011 |
| Population | 53,219 | 92,121 |
The weather behind that power bill
Twin Falls sits in Twin Falls County, which averages a high of 88.4°F in its hottest month and a low of 20.1°F in its coldest, with 10.28" of precipitation a year and 35% of it in a single three-month stretch. That climate drives 617 cooling and 6,387 heating degree days, which is what sets the $111 electricity line above.
See the full climate breakdown for Twin Falls County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Twin Falls County
Full Twin Falls County cost breakdown · Every county in Idaho
Common questions
How much does it cost to own a home in Twin Falls?
A $279,000 home in Twin Falls, Idaho costs approximately $2,074 per month with 20% down at 6.66%. That is $1,434 principal and interest, $174 property tax, $54 homeowners insurance, $179 utilities and $233 set aside for maintenance.
What is the property tax rate in Twin Falls?
Twin Falls has an effective property tax rate of 0.748%, based on a median home value of $279,400 and median real estate taxes of $2,090. That is higher than the Twin Falls County average of 0.667%.
What is the average home price in Twin Falls?
The median owner-occupied home value in Twin Falls, Idaho is $279,400, against $292,700 across Twin Falls County.
Is it cheaper to rent or buy in Twin Falls?
Median gross rent in Twin Falls is $1,011 a month, against $2,074 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 Twin Falls — 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.