The typical owner-occupied home in Nezperce is worth about $189,300, 55% below the Idaho median of $418,600 and 43% below the national median of $332,700. Owners pay a median $1,514 a year in property taxes, about 0.80% of their home's value, higher than the Idaho rate of 0.49%. The median household earns $62,857 a year, so the median home costs 3.0 times the median income (5.4 times for Idaho). 84% of occupied homes here are lived in by their owners, and 54% of those owners still have a mortgage.
Nezperce at a glance
| Nezperce | Idaho | U.S. | |
|---|---|---|---|
| Median home value | $189,300 | $418,600 | $332,700 |
| Median property tax paid per year | $1,514 | $2,038 | $3,119 |
| Property tax as a share of value | 0.80% | 0.49% | 0.94% |
| Median household income | $62,857 | $77,800 | $80,734 |
| Homes lived in by their owners | 84% | 72% | 65% |
| Owner homes with a mortgage | 54% | 62% | 61% |
| Median monthly costs, owners with a mortgage | $1,337 | $1,687 | $1,963 |
| Those costs as a share of the owners' income | 24.1% | 20.7% | 21.0% |
| Median rent | $525 | $1,238 | $1,413 |
| Rent as a share of renters' income | 31.0% | 28.7% | 30.6% |
| Median year homes were built | 1958 | 1991 | 1980 |
| Vacant homes | 9.3% | 10.3% | 10.1% |
| Population | 522 | 1,934,262 | 334,922,499 |
What a typical home costs per month in Nezperce
At this week's average 30-year rate of 7.11%, buying the median Nezperce home of $189,300 with 20% down costs about $1,224 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,539, 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 $52,450 for the 20%-down payment. That payment is 23% of the median Nezperce household income of $62,857; at that income and 20% down, the 28% guideline points to a home of about $227,000.
The median rent here is $525 a month, so owning the median home costs about $699 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $37,860 |
|---|---|
| Loan amount | $151,440 |
| Principal and interest | $1,019 |
| Property taxes (0.80% a year) | $126 |
| Homeowners insurance (our estimate, 0.5% a year) | $79 |
| PMI | $0 |
| Total per month | $1,224 |
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| Down payment | $6,626 |
|---|---|
| Loan amount | $185,871 |
| Principal and interest | $1,250 |
| Property taxes (0.80% a year) | $126 |
| Homeowners insurance (our estimate, 0.5% a year) | $79 |
| FHA mortgage insurance | $84 |
| Total per month | $1,539 |
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Questions about home buying in Nezperce
What is the median home value in Nezperce?
About $189,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Nezperce?
Homeowners pay a median $1,514 a year, which is about 0.80% 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 Nezperce?
For the median home with 20% down at 7.11%, the payment is about $1,224 a month. Keeping that under 28% of gross income takes about $52,450 a year.
More about Nezperce
- Mortgage Refinance in Nezperce
- Debt Relief in Nezperce
- Home Equity Loans in Nezperce
- 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