The typical owner-occupied home in Mackay is worth about $279,500, 33% below the Idaho median of $418,600 and 16% below the national median of $332,700. Owners pay a median $940 a year in property taxes, about 0.34% of their home's value, lower than the Idaho rate of 0.49%. The median household earns $43,897 a year, so the median home costs 6.4 times the median income (5.4 times for Idaho). 75% of occupied homes here are lived in by their owners, and 42% of those owners still have a mortgage.
Mackay at a glance
| Mackay | Idaho | U.S. | |
|---|---|---|---|
| Median home value | $279,500 | $418,600 | $332,700 |
| Median property tax paid per year | $940 | $2,038 | $3,119 |
| Property tax as a share of value | 0.34% | 0.49% | 0.94% |
| Median household income | $43,897 | $77,800 | $80,734 |
| Homes lived in by their owners | 75% | 72% | 65% |
| Owner homes with a mortgage | 42% | 62% | 61% |
| Median monthly costs, owners with a mortgage | $950 | $1,687 | $1,963 |
| Those costs as a share of the owners' income | 14.5% | 20.7% | 21.0% |
| Median rent | – | $1,238 | $1,413 |
| Rent as a share of renters' income | 31.9% | 28.7% | 30.6% |
| Median year homes were built | 1976 | 1991 | 1980 |
| Vacant homes | 26.1% | 10.3% | 10.1% |
| Population | 602 | 1,934,262 | 334,922,499 |
What a typical home costs per month in Mackay
At this week's average 30-year rate of 7.11%, buying the median Mackay home of $279,500 with 20% down costs about $1,700 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,165, 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 $72,849 for the 20%-down payment. That payment is 46% of the median Mackay household income of $43,897; at that income and 20% down, the 28% guideline points to a home of about $168,000.
| Down payment | $55,900 |
|---|---|
| Loan amount | $223,600 |
| Principal and interest | $1,504 |
| Property taxes (0.34% a year) | $79 |
| Homeowners insurance (our estimate, 0.5% a year) | $116 |
| PMI | $0 |
| Total per month | $1,700 |
Change the numbers in the calculator
| Down payment | $9,782 |
|---|---|
| Loan amount | $274,438 |
| Principal and interest | $1,846 |
| Property taxes (0.34% a year) | $79 |
| Homeowners insurance (our estimate, 0.5% a year) | $116 |
| FHA mortgage insurance | $124 |
| Total per month | $2,165 |
Change the numbers in the calculator
Questions about home buying in Mackay
What is the median home value in Mackay?
About $279,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Mackay?
Homeowners pay a median $940 a year, which is about 0.34% 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 Mackay?
For the median home with 20% down at 7.11%, the payment is about $1,700 a month. Keeping that under 28% of gross income takes about $72,849 a year.
More about Mackay
- Mortgage Refinance in Mackay
- Debt Relief in Mackay
- Home Equity Loans in Mackay
- 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