The typical owner-occupied home in Ketchum is worth about $824,000, 97% above the Idaho median of $418,600 and 2.5 times the national median of $332,700. Owners pay a median $3,659 a year in property taxes, about 0.44% of their home's value, lower than the Idaho rate of 0.49%. The median household earns $93,046 a year, so the median home costs 8.9 times the median income (5.4 times for Idaho). 73% of occupied homes here are lived in by their owners, and 44% of those owners still have a mortgage.
Ketchum at a glance
| Ketchum | Idaho | U.S. | |
|---|---|---|---|
| Median home value | $824,000 | $418,600 | $332,700 |
| Median property tax paid per year | $3,659 | $2,038 | $3,119 |
| Property tax as a share of value | 0.44% | 0.49% | 0.94% |
| Median household income | $93,046 | $77,800 | $80,734 |
| Homes lived in by their owners | 73% | 72% | 65% |
| Owner homes with a mortgage | 44% | 62% | 61% |
| Median monthly costs, owners with a mortgage | $3,188 | $1,687 | $1,963 |
| Those costs as a share of the owners' income | 31.9% | 20.7% | 21.0% |
| Median rent | $1,186 | $1,238 | $1,413 |
| Rent as a share of renters' income | 25.1% | 28.7% | 30.6% |
| Median year homes were built | 1982 | 1991 | 1980 |
| Vacant homes | 49.8% | 10.3% | 10.1% |
| Population | 3,594 | 1,934,262 | 334,922,499 |
What a typical home costs per month in Ketchum
At this week's average 30-year rate of 7.11%, buying the median Ketchum home of $824,000 with 20% down costs about $5,080 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $6,585, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $217,712 for the 20%-down payment. That payment is 66% of the median Ketchum household income of $93,046; at that income and 20% down, the 28% guideline points to a home of about $352,000.
The median rent here is $1,186 a month, so owning the median home costs about $3,894 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $164,800 |
|---|---|
| Loan amount | $659,200 |
| Principal and interest | $4,434 |
| Property taxes (0.44% a year) | $302 |
| Homeowners insurance (our estimate, 0.5% a year) | $343 |
| PMI | $0 |
| Total per month | $5,080 |
Change the numbers in the calculator
| Down payment | $28,840 |
|---|---|
| Loan amount | $809,075 |
| Principal and interest | $5,443 |
| Property taxes (0.44% a year) | $302 |
| Homeowners insurance (our estimate, 0.5% a year) | $343 |
| FHA mortgage insurance | $497 |
| Total per month | $6,585 |
Change the numbers in the calculator
Questions about home buying in Ketchum
What is the median home value in Ketchum?
About $824,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Ketchum?
Homeowners pay a median $3,659 a year, which is about 0.44% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Ketchum?
For the median home with 20% down at 7.11%, the payment is about $5,080 a month. Keeping that under 28% of gross income takes about $217,712 a year.
More about Ketchum
- Mortgage Refinance in Ketchum
- Debt Relief in Ketchum
- Home Equity Loans in Ketchum
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data