The typical owner-occupied home in Spirit Lake is worth about $436,600, 4% above the Idaho median of $418,600 and 31% above the national median of $332,700. Owners pay a median $2,000 a year in property taxes, about 0.46% of their home's value, lower than the Idaho rate of 0.49%. The median household earns $65,192 a year, so the median home costs 6.7 times the median income (5.4 times for Idaho). 83% of occupied homes here are lived in by their owners, and 69% of those owners still have a mortgage.
Spirit Lake at a glance
| Spirit Lake | Idaho | U.S. | |
|---|---|---|---|
| Median home value | $436,600 | $418,600 | $332,700 |
| Median property tax paid per year | $2,000 | $2,038 | $3,119 |
| Property tax as a share of value | 0.46% | 0.49% | 0.94% |
| Median household income | $65,192 | $77,800 | $80,734 |
| Homes lived in by their owners | 83% | 72% | 65% |
| Owner homes with a mortgage | 69% | 62% | 61% |
| Median monthly costs, owners with a mortgage | $1,581 | $1,687 | $1,963 |
| Those costs as a share of the owners' income | 23.3% | 20.7% | 21.0% |
| Median rent | $1,250 | $1,238 | $1,413 |
| Rent as a share of renters' income | 25.6% | 28.7% | 30.6% |
| Median year homes were built | 2002 | 1991 | 1980 |
| Vacant homes | 6.6% | 10.3% | 10.1% |
| Population | 1,972 | 1,934,262 | 334,922,499 |
What a typical home costs per month in Spirit Lake
At this week's average 30-year rate of 7.11%, buying the median Spirit Lake home of $436,600 with 20% down costs about $2,699 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,426, 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 $115,668 for the 20%-down payment. That payment is 50% of the median Spirit Lake household income of $65,192; at that income and 20% down, the 28% guideline points to a home of about $246,000.
The median rent here is $1,250 a month, so owning the median home costs about $1,449 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $87,320 |
|---|---|
| Loan amount | $349,280 |
| Principal and interest | $2,350 |
| Property taxes (0.46% a year) | $167 |
| Homeowners insurance (our estimate, 0.5% a year) | $182 |
| PMI | $0 |
| Total per month | $2,699 |
Change the numbers in the calculator
| Down payment | $15,281 |
|---|---|
| Loan amount | $428,692 |
| Principal and interest | $2,884 |
| Property taxes (0.46% a year) | $167 |
| Homeowners insurance (our estimate, 0.5% a year) | $182 |
| FHA mortgage insurance | $193 |
| Total per month | $3,426 |
Change the numbers in the calculator
Questions about home buying in Spirit Lake
What is the median home value in Spirit Lake?
About $436,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Spirit Lake?
Homeowners pay a median $2,000 a year, which is about 0.46% 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 Spirit Lake?
For the median home with 20% down at 7.11%, the payment is about $2,699 a month. Keeping that under 28% of gross income takes about $115,668 a year.
More about Spirit Lake
- Mortgage Refinance in Spirit Lake
- Debt Relief in Spirit Lake
- Home Equity Loans in Spirit Lake
- 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