The typical owner-occupied home in Oldtown is worth about $261,700, 37% below the Idaho median of $418,600 and 21% below the national median of $332,700. Owners pay a median $971 a year in property taxes, about 0.37% of their home's value, lower than the Idaho rate of 0.49%. The median household earns $57,833 a year, so the median home costs 4.5 times the median income (5.4 times for Idaho). 45% of occupied homes here are lived in by their owners, and 65% of those owners still have a mortgage.
Oldtown at a glance
| Oldtown | Idaho | U.S. | |
|---|---|---|---|
| Median home value | $261,700 | $418,600 | $332,700 |
| Median property tax paid per year | $971 | $2,038 | $3,119 |
| Property tax as a share of value | 0.37% | 0.49% | 0.94% |
| Median household income | $57,833 | $77,800 | $80,734 |
| Homes lived in by their owners | 45% | 72% | 65% |
| Owner homes with a mortgage | 65% | 62% | 61% |
| Median monthly costs, owners with a mortgage | $1,193 | $1,687 | $1,963 |
| Those costs as a share of the owners' income | 17.7% | 20.7% | 21.0% |
| Median rent | $833 | $1,238 | $1,413 |
| Rent as a share of renters' income | 22.1% | 28.7% | 30.6% |
| Median year homes were built | 1977 | 1991 | 1980 |
| Vacant homes | 13.4% | 10.3% | 10.1% |
| Population | 428 | 1,934,262 | 334,922,499 |
What a typical home costs per month in Oldtown
At this week's average 30-year rate of 7.11%, buying the median Oldtown home of $261,700 with 20% down costs about $1,598 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,034, 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 $68,490 for the 20%-down payment. That payment is 33% of the median Oldtown household income of $57,833; at that income and 20% down, the 28% guideline points to a home of about $221,000.
The median rent here is $833 a month, so owning the median home costs about $765 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $52,340 |
|---|---|
| Loan amount | $209,360 |
| Principal and interest | $1,408 |
| Property taxes (0.37% a year) | $81 |
| Homeowners insurance (our estimate, 0.5% a year) | $109 |
| PMI | $0 |
| Total per month | $1,598 |
Change the numbers in the calculator
| Down payment | $9,160 |
|---|---|
| Loan amount | $256,960 |
| Principal and interest | $1,729 |
| Property taxes (0.37% a year) | $81 |
| Homeowners insurance (our estimate, 0.5% a year) | $109 |
| FHA mortgage insurance | $116 |
| Total per month | $2,034 |
Change the numbers in the calculator
Questions about home buying in Oldtown
What is the median home value in Oldtown?
About $261,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Oldtown?
Homeowners pay a median $971 a year, which is about 0.37% 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 Oldtown?
For the median home with 20% down at 7.11%, the payment is about $1,598 a month. Keeping that under 28% of gross income takes about $68,490 a year.
More about Oldtown
- Mortgage Refinance in Oldtown
- Debt Relief in Oldtown
- Home Equity Loans in Oldtown
- 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