Mortgage Rates in Shelley, Idaho — March 2026
Updated March 2026 | Based on Shelley market data and regional lending conditions
Shelley is a growing city in Idaho with a population of 4,712. The current 30-year fixed mortgage rate in Shelley is 6.88%, which is 0.23% above the national average. With a median home price of $331,000 and a 20% down payment of $66,200, homebuyers can expect a monthly principal and interest payment of approximately $1,740.
Current Mortgage Rates in Shelley, ID
Below are the current average mortgage rates available in the Shelley 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 | 6.88% | 6.65% | +0.23% |
| 15-Year Fixed | 6.09% | 5.89% | +0.2% |
| 5/1 ARM | 6.33% | 6.15% | +0.18% |
| FHA | 6.56% | 6.25% | +0.31% |
| VA | 6.31% | 6.05% | +0.26% |
| Jumbo | 7.13% | 6.85% | +0.28% |
Shelley Housing Market Overview
The Shelley housing market reflects moderate demand with prices near the national average. The median household income in Shelley is $60,500, and the cost of living index is 88.4 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $81,686 to comfortably afford the median-priced home in Shelley, which exceeds the current median household income.
Monthly Payment Breakdown for Shelley
Based on the median home price of $331,000 with 20% down ($66,200), here is what you can expect to pay monthly in Shelley:
15-Year vs. 30-Year Mortgage in Shelley
Choosing a 15-year mortgage in Shelley at 6.09% instead of a 30-year at 6.88% would save you $221,940 in total interest over the life of the loan. However, your monthly payment would be $2,247 instead of $1,740 — an increase of $507 per month.
Calculate Your Shelley 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 Shelley
What are the current mortgage rates in Shelley, ID?
As of March 2026, the average 30-year fixed mortgage rate in Shelley, Idaho is 6.88%, while the 15-year fixed rate is 6.09%. FHA loans average 6.56% and VA loans 6.31%. These rates are 0.23% above the national average of 6.65%.
How much is a monthly mortgage payment in Shelley?
Based on the median home price of $331,000 with 20% down, the estimated monthly mortgage payment in Shelley is $1,740 for principal and interest. Including property taxes of $166/month, the total monthly housing cost is approximately $1,906.
What income do I need to buy a home in Shelley?
Using the 28% rule, you would need an annual income of approximately $81,686 to afford the median-priced home in Shelley at $331,000. The median household income in Shelley is $60,500. This means most households would need to either earn above the median or consider homes below $331,000.
Is Shelley a good place to buy a home in 2026?
Shelley offers a below-average cost of living with a cost of living index of 88.4 (national average = 100). The property tax rate in Idaho is 0.6%, which is below the national average. Shelley has a population of 4,712 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 Shelley, Idaho area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.