The typical owner-occupied home in Ponderay is worth about $436,700, 4% above the Idaho median of $418,600 and 31% above the national median of $332,700. The median household earns $51,346 a year, so the median home costs 8.5 times the median income (5.4 times for Idaho). 32% of occupied homes here are lived in by their owners, and 54% of those owners still have a mortgage.
Ponderay at a glance
| Ponderay | Idaho | U.S. | |
|---|---|---|---|
| Median home value | $436,700 | $418,600 | $332,700 |
| Median property tax paid per year | – | $2,038 | $3,119 |
| Median household income | $51,346 | $77,800 | $80,734 |
| Homes lived in by their owners | 32% | 72% | 65% |
| Owner homes with a mortgage | 54% | 62% | 61% |
| Median monthly costs, owners with a mortgage | $1,871 | $1,687 | $1,963 |
| Those costs as a share of the owners' income | 23.7% | 20.7% | 21.0% |
| Median rent | $1,099 | $1,238 | $1,413 |
| Rent as a share of renters' income | 30.3% | 28.7% | 30.6% |
| Median year homes were built | 1996 | 1991 | 1980 |
| Vacant homes | 14.4% | 10.3% | 10.1% |
| Population | 1,534 | 1,934,262 | 334,922,499 |
What a typical home costs per month in Ponderay
At this week's average 30-year rate of 7.11%, buying the median Ponderay home of $436,700 with 20% down costs about $2,932 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,660, 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 $125,676 for the 20%-down payment. That payment is 69% of the median Ponderay household income of $51,346; at that income and 20% down, the 28% guideline points to a home of about $178,000.
The median rent here is $1,099 a month, so owning the median home costs about $1,833 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $87,340 |
|---|---|
| Loan amount | $349,360 |
| Principal and interest | $2,350 |
| Property taxes (1.10% a year) | $400 |
| Homeowners insurance (our estimate, 0.5% a year) | $182 |
| PMI | $0 |
| Total per month | $2,932 |
Change the numbers in the calculator
| Down payment | $15,284 |
|---|---|
| Loan amount | $428,790 |
| Principal and interest | $2,884 |
| Property taxes (1.10% a year) | $400 |
| Homeowners insurance (our estimate, 0.5% a year) | $182 |
| FHA mortgage insurance | $193 |
| Total per month | $3,660 |
Change the numbers in the calculator
Questions about home buying in Ponderay
What is the median home value in Ponderay?
About $436,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
What income do you need to buy a home in Ponderay?
For the median home with 20% down at 7.11%, the payment is about $2,932 a month. Keeping that under 28% of gross income takes about $125,676 a year.
More about Ponderay
- Mortgage Refinance in Ponderay
- Debt Relief in Ponderay
- Home Equity Loans in Ponderay
- 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