Total monthly cost of ownership
Cost to Own a Home in Twin Falls, Idaho
A $279,000 home here costs
$2,176per 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 $93,500 a year.
A standard mortgage calculator would have told you $1,521. The real number is $655 higher every month, 43% more than the payment most buyers budget for.
Compare Twin Falls 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.
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 $126 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
Talk to someone who works this market
These are Twin Falls 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 Twin Falls every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Twin Falls I already own here and may sell
Common questions
How much does it cost to own a home in Twin Falls?
A $279,000 home in Twin Falls, Idaho costs approximately $2,176 per month with 20% down at 7.24%. That is $1,521 principal and interest, $174 property tax, $54 homeowners insurance, $194 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 $2,176 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 Twin Falls?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Twin Falls, Idaho at today's rate takes a household income of roughly $93,500 a year. That covers the full $2,176 monthly cost, not just the mortgage payment.
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.