Mortgage Rates in Heyburn, Idaho — March 2026
Updated March 2026 | Based on Heyburn market data and regional lending conditions
Heyburn is a growing city in Idaho with a population of 3,448. The current 30-year fixed mortgage rate in Heyburn is 6.9%, which is 0.25% above the national average. With a median home price of $296,000 and a 20% down payment of $59,200, homebuyers can expect a monthly principal and interest payment of approximately $1,560.
Current Mortgage Rates in Heyburn, ID
Below are the current average mortgage rates available in the Heyburn 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 | 6.9% | 6.65% | +0.25% |
| 15-Year Fixed | 6.11% | 5.89% | +0.22% |
| 5/1 ARM | 6.34% | 6.15% | +0.19% |
| FHA | 6.57% | 6.25% | +0.32% |
| VA | 6.32% | 6.05% | +0.27% |
| Jumbo | 7.15% | 6.85% | +0.3% |
Heyburn Housing Market Overview
The Heyburn housing market offers relatively affordable housing compared to many major cities. The median household income in Heyburn is $60,700, and the cost of living index is 96.8 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $73,286 to comfortably afford the median-priced home in Heyburn, which exceeds the current median household income.
Monthly Payment Breakdown for Heyburn
Based on the median home price of $296,000 with 20% down ($59,200), here is what you can expect to pay monthly in Heyburn:
15-Year vs. 30-Year Mortgage in Heyburn
Choosing a 15-year mortgage in Heyburn at 6.11% instead of a 30-year at 6.9% would save you $199,440 in total interest over the life of the loan. However, your monthly payment would be $2,012 instead of $1,560 — an increase of $452 per month.
Calculate Your Heyburn 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 Heyburn
What are the current mortgage rates in Heyburn, ID?
As of March 2026, the average 30-year fixed mortgage rate in Heyburn, Idaho is 6.9%, while the 15-year fixed rate is 6.11%. FHA loans average 6.57% and VA loans 6.32%. These rates are 0.25% above the national average of 6.65%.
How much is a monthly mortgage payment in Heyburn?
Based on the median home price of $296,000 with 20% down, the estimated monthly mortgage payment in Heyburn is $1,560 for principal and interest. Including property taxes of $150/month, the total monthly housing cost is approximately $1,710.
What income do I need to buy a home in Heyburn?
Using the 28% rule, you would need an annual income of approximately $73,286 to afford the median-priced home in Heyburn at $296,000. The median household income in Heyburn is $60,700. This means most households would need to either earn above the median or consider homes below $296,000.
Is Heyburn a good place to buy a home in 2026?
Heyburn offers a below-average cost of living with a cost of living index of 96.8 (national average = 100). The property tax rate in Idaho is 0.61%, which is below the national average. Heyburn has a population of 3,448 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 Heyburn, Idaho area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.