The typical owner-occupied home in Elmore County is worth about $316,500, 24% below the Idaho median of $418,600 and 5% below the national median of $332,700. Owners pay a median $1,701 a year in property taxes, about 0.54% of their home's value, higher than the Idaho rate of 0.49%. The median household earns $65,359 a year, so the median home costs 4.8 times the median income (5.4 times for Idaho). 66% of occupied homes here are lived in by their owners, and 61% of those owners still have a mortgage.
Elmore County at a glance
| Elmore County | Idaho | U.S. | |
|---|---|---|---|
| Median home value | $316,500 | $418,600 | $332,700 |
| Median property tax paid per year | $1,701 | $2,038 | $3,119 |
| Property tax as a share of value | 0.54% | 0.49% | 0.94% |
| Median household income | $65,359 | $77,800 | $80,734 |
| Homes lived in by their owners | 66% | 72% | 65% |
| Owner homes with a mortgage | 61% | 62% | 61% |
| Median monthly costs, owners with a mortgage | $1,397 | $1,687 | $1,963 |
| Those costs as a share of the owners' income | 21.7% | 20.7% | 21.0% |
| Median rent | $1,243 | $1,238 | $1,413 |
| Rent as a share of renters' income | 28.2% | 28.7% | 30.6% |
| Median year homes were built | 1988 | 1991 | 1980 |
| Vacant homes | 9.8% | 10.3% | 10.1% |
| Population | 29,321 | 1,934,262 | 334,922,499 |
What a typical home costs per month in Elmore County
At this week's average 30-year rate of 7.11%, buying the median Elmore County home of $316,500 with 20% down costs about $1,978 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,505, 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 $84,754 for the 20%-down payment. That payment is 36% of the median Elmore County household income of $65,359; at that income and 20% down, the 28% guideline points to a home of about $244,000.
The median rent here is $1,243 a month, so owning the median home costs about $735 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $63,300 |
|---|---|
| Loan amount | $253,200 |
| Principal and interest | $1,703 |
| Property taxes (0.54% a year) | $142 |
| Homeowners insurance (our estimate, 0.5% a year) | $132 |
| PMI | $0 |
| Total per month | $1,978 |
Change the numbers in the calculator
| Down payment | $11,078 |
|---|---|
| Loan amount | $310,767 |
| Principal and interest | $2,091 |
| Property taxes (0.54% a year) | $142 |
| Homeowners insurance (our estimate, 0.5% a year) | $132 |
| FHA mortgage insurance | $140 |
| Total per month | $2,505 |
Change the numbers in the calculator
Questions about home buying in Elmore County
What is the median home value in Elmore County?
About $316,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Elmore County?
Homeowners pay a median $1,701 a year, which is about 0.54% 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 Elmore County?
For the median home with 20% down at 7.11%, the payment is about $1,978 a month. Keeping that under 28% of gross income takes about $84,754 a year.
More about Elmore County
- Mortgage Refinance in Elmore County
- Debt Relief in Elmore County
- Home Equity Loans in Elmore County
- 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