The typical owner-occupied home in Island Park is worth about $293,800, 30% below the Idaho median of $418,600 and 12% below the national median of $332,700. Owners pay a median $2,036 a year in property taxes, about 0.69% of their home's value, higher than the Idaho rate of 0.49%. The median household earns $91,250 a year, so the median home costs 3.2 times the median income (5.4 times for Idaho). 91% of occupied homes here are lived in by their owners, and 37% of those owners still have a mortgage.
Island Park at a glance
| Island Park | Idaho | U.S. | |
|---|---|---|---|
| Median home value | $293,800 | $418,600 | $332,700 |
| Median property tax paid per year | $2,036 | $2,038 | $3,119 |
| Property tax as a share of value | 0.69% | 0.49% | 0.94% |
| Median household income | $91,250 | $77,800 | $80,734 |
| Homes lived in by their owners | 91% | 72% | 65% |
| Owner homes with a mortgage | 37% | 62% | 61% |
| Median monthly costs, owners with a mortgage | $1,725 | $1,687 | $1,963 |
| Those costs as a share of the owners' income | 24.3% | 20.7% | 21.0% |
| Median rent | – | $1,238 | $1,413 |
| Median year homes were built | 1981 | 1991 | 1980 |
| Vacant homes | 83.7% | 10.3% | 10.1% |
| Population | 170 | 1,934,262 | 334,922,499 |
What a typical home costs per month in Island Park
At this week's average 30-year rate of 7.11%, buying the median Island Park home of $293,800 with 20% down costs about $1,872 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,362, 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 $80,249 for the 20%-down payment. That payment is 25% of the median Island Park household income of $91,250; at that income and 20% down, the 28% guideline points to a home of about $334,000.
| Down payment | $58,760 |
|---|---|
| Loan amount | $235,040 |
| Principal and interest | $1,581 |
| Property taxes (0.69% a year) | $169 |
| Homeowners insurance (our estimate, 0.5% a year) | $122 |
| PMI | $0 |
| Total per month | $1,872 |
Change the numbers in the calculator
| Down payment | $10,283 |
|---|---|
| Loan amount | $288,479 |
| Principal and interest | $1,941 |
| Property taxes (0.69% a year) | $169 |
| Homeowners insurance (our estimate, 0.5% a year) | $122 |
| FHA mortgage insurance | $130 |
| Total per month | $2,362 |
Change the numbers in the calculator
Questions about home buying in Island Park
What is the median home value in Island Park?
About $293,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Island Park?
Homeowners pay a median $2,036 a year, which is about 0.69% 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 Island Park?
For the median home with 20% down at 7.11%, the payment is about $1,872 a month. Keeping that under 28% of gross income takes about $80,249 a year.
More about Island Park
- Mortgage Refinance in Island Park
- Debt Relief in Island Park
- Home Equity Loans in Island Park
- 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