Rent vs Buy in Idaho Falls, ID
Monthly cost of renting vs owning a median-priced home · 30-yr fixed, 20% down
Renting looks favorable in Idaho Falls, ID
Price-to-rent ratio is 25.8 (under 15 favors buying, over 21 favors renting). Renting costs $1,274/mo; owning runs about $2,910/mo — $1,636/mo more to own.
| Monthly cost to own | Amount |
|---|---|
| Mortgage (P&I, 6.80% rate) | $2,056 |
| Property tax | $361 |
| Home insurance | $164 |
| Maintenance | $328 |
| Total to own | $2,910 |
| Average 2BR rent | $1,274 |
Based on a median home value of $394,199 with a $78,840 down payment. Owning also builds equity over time, which a monthly comparison doesn't capture. Estimates use national averages for taxes, insurance and maintenance — your actual costs will vary.