Mortgage Rates in Gooding, Idaho — March 2026
Updated March 2026 | Based on Gooding market data and regional lending conditions
Gooding is a growing city in Idaho with a population of 3,567. The current 30-year fixed mortgage rate in Gooding is 6.62%, which is 0.03% below the national average. With a median home price of $297,000 and a 20% down payment of $59,400, homebuyers can expect a monthly principal and interest payment of approximately $1,521.
Current Mortgage Rates in Gooding, ID
Below are the current average mortgage rates available in the Gooding area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.62% | 6.65% | -0.03% |
| 15-Year Fixed | 5.89% | 5.89% | 0% |
| 5/1 ARM | 6.17% | 6.15% | +0.02% |
| FHA | 6.44% | 6.25% | +0.19% |
| VA | 6.19% | 6.05% | +0.14% |
| Jumbo | 6.87% | 6.85% | +0.02% |
Gooding Housing Market Overview
The Gooding housing market offers relatively affordable housing compared to many major cities. The median household income in Gooding is $49,400, and the cost of living index is 99.4 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $71,871 to comfortably afford the median-priced home in Gooding, which exceeds the current median household income.
Monthly Payment Breakdown for Gooding
Based on the median home price of $297,000 with 20% down ($59,400), here is what you can expect to pay monthly in Gooding:
15-Year vs. 30-Year Mortgage in Gooding
Choosing a 15-year mortgage in Gooding at 5.89% instead of a 30-year at 6.62% would save you $189,180 in total interest over the life of the loan. However, your monthly payment would be $1,991 instead of $1,521 — an increase of $470 per month.
Calculate Your Gooding Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Gooding
What are the current mortgage rates in Gooding, ID?
As of March 2026, the average 30-year fixed mortgage rate in Gooding, Idaho is 6.62%, while the 15-year fixed rate is 5.89%. FHA loans average 6.44% and VA loans 6.19%. These rates are 0.03% below the national average of 6.65%.
How much is a monthly mortgage payment in Gooding?
Based on the median home price of $297,000 with 20% down, the estimated monthly mortgage payment in Gooding is $1,521 for principal and interest. Including property taxes of $156/month, the total monthly housing cost is approximately $1,677.
What income do I need to buy a home in Gooding?
Using the 28% rule, you would need an annual income of approximately $71,871 to afford the median-priced home in Gooding at $297,000. The median household income in Gooding is $49,400. This means most households would need to either earn above the median or consider homes below $297,000.
Is Gooding a good place to buy a home in 2026?
Gooding offers a below-average cost of living with a cost of living index of 99.4 (national average = 100). The property tax rate in Idaho is 0.63%, which is below the national average. Gooding has a population of 3,567 and offers a balanced lifestyle.
Mortgage Rates in Other Idaho Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Gooding, Idaho area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.