ID

Idaho Home Buying Guide

West Region · Non-Judicial Foreclosure State

Homestead ExemptionNo Transfer Tax

Key Facts at a Glance

Median Home Price
$430,000
Property Tax Rate
0.68%
Transfer Tax
None
Attorney Required
No
Foreclosure Type
Non-Judicial

What Makes Idaho Unique

No real estate transfer tax

Boise metro among fastest-growing in the US

IFA loans available below market rates for income-eligible buyers

First-Time Buyer Programs in Idaho

1

IFA First Loan

Contact your state housing finance agency for current eligibility and rates

2

IFA Down Payment Assistance

Contact your state housing finance agency for current eligibility and rates

3

USDA Rural Development

Contact your state housing finance agency for current eligibility and rates

Program availability, income limits, and interest rates change frequently. Verify current terms with your lender or state housing finance agency.

Closing Costs in Idaho

0.9%
Avg Closing Costs
of purchase price
$3,870
Estimated Closing Costs
on median-priced home
None
Transfer Tax
no transfer tax!

Attorney at Closing

Attorney Not Required

Idaho does not require an attorney at closing. A title company typically handles the transaction. Consider hiring one anyway for complex deals.

Local Tips for Idaho Buyers

1

No transfer tax makes Idaho one of the cheaper states to close.

2

Boise competition has slowed from 2021–2022 peaks.

3

Income limits for IFA typically set at 80–120% of AMI.

Estimated Annual Ownership Cost in Idaho

Based on the median home price of $430,000 with a 10% down payment and 7% mortgage rate.

Annual Mortgage Payment$30,883
Annual Property Taxes$2,924
Homeowners Insurance (est.)$2,150
Maintenance (est. 1%/yr)$4,300

Ready to Calculate Your Numbers?

Use our free calculators to estimate your monthly payment, affordability, and closing costs in Idaho.