How much house can I afford on $40,000 in Idaho?
About $150,000 with 20% down ($118,000 with an FHA loan), using Idaho's 0.42% property tax rate.
That is $326,986 less than the typical Idaho home ($476,754), so on $40,000 you'd look at cheaper areas or a smaller home. The payment of $933 covers $806 principal and interest, $52 property tax and $75 insurance.
Counties in Idaho you can afford on $40,000
On $40,000 the typical home is out of reach in every Idaho county tracked by Zillow — the cheapest is Clark County at $251,571.
Assumes a 30-year fixed loan at 7.11%, property tax of 0.42% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Other salaries in Idaho
Frequently asked questions
How much house can I afford on $40,000 in Idaho?
About $150,000 with 20% down at 7.11%, keeping the payment (with Idaho's 0.42% property tax and insurance) under $933 a month.
Is $40,000 enough to buy a house in Idaho?
Not the typical home: the typical Idaho home is worth $476,754 (Zillow, September 2026) and $40,000 supports about $150,000. 0 of 43 counties are within budget.