Mortgage Rates in Idaho Falls, Idaho — March 2026
Updated March 2026 | Based on Idaho Falls market data and regional lending conditions
Idaho Falls is a growing city in Idaho with a population of 65,957. The current 30-year fixed mortgage rate in Idaho Falls is 6.7%, which is 0.05% above the national average. With a median home price of $315,000 and a 20% down payment of $63,000, homebuyers can expect a monthly principal and interest payment of approximately $1,626.
Current Mortgage Rates in Idaho Falls, ID
Below are the current average mortgage rates available in the Idaho Falls 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 | 6.7% | 6.65% | +0.05% |
| 15-Year Fixed | 5.94% | 5.89% | +0.05% |
| 5/1 ARM | 6.2% | 6.15% | +0.05% |
| FHA | 6.3% | 6.25% | +0.05% |
| VA | 6.1% | 6.05% | +0.05% |
| Jumbo | 6.9% | 6.85% | +0.05% |
Idaho Falls Housing Market Overview
The Idaho Falls housing market reflects moderate demand with prices near the national average. The median household income in Idaho Falls is $52,250, and the cost of living index is 90.5 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $77,443 to comfortably afford the median-priced home in Idaho Falls, which exceeds the current median household income.
Monthly Payment Breakdown for Idaho Falls
Based on the median home price of $315,000 with 20% down ($63,000), here is what you can expect to pay monthly in Idaho Falls:
15-Year vs. 30-Year Mortgage in Idaho Falls
Choosing a 15-year mortgage in Idaho Falls at 5.94% instead of a 30-year at 6.7% would save you $204,120 in total interest over the life of the loan. However, your monthly payment would be $2,118 instead of $1,626 — an increase of $492 per month.
Calculate Your Idaho Falls 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 Idaho Falls
What are the current mortgage rates in Idaho Falls, ID?
As of March 2026, the average 30-year fixed mortgage rate in Idaho Falls, Idaho is 6.7%, while the 15-year fixed rate is 5.94%. FHA loans average 6.3% and VA loans 6.1%. These rates are 0.05% above the national average of 6.65%.
How much is a monthly mortgage payment in Idaho Falls?
Based on the median home price of $315,000 with 20% down, the estimated monthly mortgage payment in Idaho Falls is $1,626 for principal and interest. Including property taxes of $181/month, the total monthly housing cost is approximately $1,807.
What income do I need to buy a home in Idaho Falls?
Using the 28% rule, you would need an annual income of approximately $77,443 to afford the median-priced home in Idaho Falls at $315,000. The median household income in Idaho Falls is $52,250. This means most households would need to either earn above the median or consider homes below $315,000.
Is Idaho Falls a good place to buy a home in 2026?
Idaho Falls offers a below-average cost of living with a cost of living index of 90.5 (national average = 100). The property tax rate in Idaho is 0.69%, which is below the national average. Idaho Falls has a population of 65,957 and offers a very affordable 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 Idaho Falls, Idaho area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.