The typical owner-occupied home in Craigmont is worth about $207,300, 50% below the Idaho median of $418,600 and 38% below the national median of $332,700. Owners pay a median $1,359 a year in property taxes, about 0.66% of their home's value, higher than the Idaho rate of 0.49%. The median household earns $60,000 a year, so the median home costs 3.5 times the median income (5.4 times for Idaho). 89% of occupied homes here are lived in by their owners, and 55% of those owners still have a mortgage.
Craigmont at a glance
| Craigmont | Idaho | U.S. | |
|---|---|---|---|
| Median home value | $207,300 | $418,600 | $332,700 |
| Median property tax paid per year | $1,359 | $2,038 | $3,119 |
| Property tax as a share of value | 0.66% | 0.49% | 0.94% |
| Median household income | $60,000 | $77,800 | $80,734 |
| Homes lived in by their owners | 89% | 72% | 65% |
| Owner homes with a mortgage | 55% | 62% | 61% |
| Median monthly costs, owners with a mortgage | $1,326 | $1,687 | $1,963 |
| Those costs as a share of the owners' income | 24.4% | 20.7% | 21.0% |
| Median rent | $959 | $1,238 | $1,413 |
| Rent as a share of renters' income | 20.3% | 28.7% | 30.6% |
| Median year homes were built | 1956 | 1991 | 1980 |
| Vacant homes | 8.4% | 10.3% | 10.1% |
| Population | 509 | 1,934,262 | 334,922,499 |
What a typical home costs per month in Craigmont
At this week's average 30-year rate of 7.11%, buying the median Craigmont home of $207,300 with 20% down costs about $1,316 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,661, 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 $56,400 for the 20%-down payment. That payment is 26% of the median Craigmont household income of $60,000; at that income and 20% down, the 28% guideline points to a home of about $221,000.
The median rent here is $959 a month, so owning the median home costs about $357 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $41,460 |
|---|---|
| Loan amount | $165,840 |
| Principal and interest | $1,116 |
| Property taxes (0.66% a year) | $114 |
| Homeowners insurance (our estimate, 0.5% a year) | $86 |
| PMI | $0 |
| Total per month | $1,316 |
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| Down payment | $7,256 |
|---|---|
| Loan amount | $203,545 |
| Principal and interest | $1,369 |
| Property taxes (0.66% a year) | $114 |
| Homeowners insurance (our estimate, 0.5% a year) | $86 |
| FHA mortgage insurance | $92 |
| Total per month | $1,661 |
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Questions about home buying in Craigmont
What is the median home value in Craigmont?
About $207,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Craigmont?
Homeowners pay a median $1,359 a year, which is about 0.66% 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 Craigmont?
For the median home with 20% down at 7.11%, the payment is about $1,316 a month. Keeping that under 28% of gross income takes about $56,400 a year.
More about Craigmont
- Mortgage Refinance in Craigmont
- Debt Relief in Craigmont
- Home Equity Loans in Craigmont
- 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