The typical owner-occupied home in Midvale is worth about $230,600, 45% below the Idaho median of $418,600 and 31% below the national median of $332,700. Owners pay a median $719 a year in property taxes, about 0.31% of their home's value, lower than the Idaho rate of 0.49%. The median household earns $48,462 a year, so the median home costs 4.8 times the median income (5.4 times for Idaho). 91% of occupied homes here are lived in by their owners, and 39% of those owners still have a mortgage.
Midvale at a glance
| Midvale | Idaho | U.S. | |
|---|---|---|---|
| Median home value | $230,600 | $418,600 | $332,700 |
| Median property tax paid per year | $719 | $2,038 | $3,119 |
| Property tax as a share of value | 0.31% | 0.49% | 0.94% |
| Median household income | $48,462 | $77,800 | $80,734 |
| Homes lived in by their owners | 91% | 72% | 65% |
| Owner homes with a mortgage | 39% | 62% | 61% |
| Median monthly costs, owners with a mortgage | $1,089 | $1,687 | $1,963 |
| Those costs as a share of the owners' income | 14.8% | 20.7% | 21.0% |
| Median rent | $775 | $1,238 | $1,413 |
| Rent as a share of renters' income | 42.5% | 28.7% | 30.6% |
| Median year homes were built | 1973 | 1991 | 1980 |
| Vacant homes | 13.1% | 10.3% | 10.1% |
| Population | 347 | 1,934,262 | 334,922,499 |
What a typical home costs per month in Midvale
At this week's average 30-year rate of 7.11%, buying the median Midvale home of $230,600 with 20% down costs about $1,397 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,781, 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 $59,857 for the 20%-down payment. That payment is 35% of the median Midvale household income of $48,462; at that income and 20% down, the 28% guideline points to a home of about $187,000.
The median rent here is $775 a month, so owning the median home costs about $622 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $46,120 |
|---|---|
| Loan amount | $184,480 |
| Principal and interest | $1,241 |
| Property taxes (0.31% a year) | $60 |
| Homeowners insurance (our estimate, 0.5% a year) | $96 |
| PMI | $0 |
| Total per month | $1,397 |
Change the numbers in the calculator
| Down payment | $8,071 |
|---|---|
| Loan amount | $226,423 |
| Principal and interest | $1,523 |
| Property taxes (0.31% a year) | $60 |
| Homeowners insurance (our estimate, 0.5% a year) | $96 |
| FHA mortgage insurance | $102 |
| Total per month | $1,781 |
Change the numbers in the calculator
Questions about home buying in Midvale
What is the median home value in Midvale?
About $230,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Midvale?
Homeowners pay a median $719 a year, which is about 0.31% 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 Midvale?
For the median home with 20% down at 7.11%, the payment is about $1,397 a month. Keeping that under 28% of gross income takes about $59,857 a year.
More about Midvale
- Mortgage Refinance in Midvale
- Debt Relief in Midvale
- Home Equity Loans in Midvale
- 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