Mortgage Rates in Twin Falls, Idaho — April 2026
Updated April 2026 | Based on Twin Falls market data and regional lending conditions
With a population of 51,807, Twin Falls, Idaho offers a lower cost of living than most metro areas. The current 30-year fixed rate here is 6.7% (0.61% above the national average). The median home price of $305,000 translates to roughly $1,749/month with 20% down — requiring an income of about $74,957, which exceeds the local median of $48,250.
Whether you call it a 30-year mortgage, 30-year home loan, 30-year house loan, or 30-year mortgage loan, the underlying product is the same: a fixed-rate amortizing loan paid over 360 months. In Twin Falls, ID, the current 30-year rate is 6.7%. Shorter terms (15-year fixed at 5.94% or 20-year fixed, typically priced between the 15- and 30-year) reduce total interest paid but increase monthly payments — see our 15-year vs 30-year comparison for the math. Government-backed options include FHA loans (6.3%) and VA loans (6.1%), often available at lower rates with reduced down payment requirements.
Current Mortgage Rates in Twin Falls, ID
Below are the current average mortgage rates available in the Twin Falls area as of April 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% | 6.09% | +0.61% |
| 15-Year Fixed | 5.94% | 5.58% | +0.36% |
| 5/1 ARM | 6.2% | 5.95% | +0.25% |
| FHA | 6.3% | 5.85% | +0.45% |
| VA | 6.1% | 5.65% | +0.45% |
| Jumbo | 6.9% | 6.25% | +0.65% |
Twin Falls Housing Market Overview
Housing in Twin Falls sits near the national average at $305,000. With a median household income of $48,250 and a cost of living index of 88.5, some buyers may need to look at lower price points or consider larger down payments.
Monthly Payment Breakdown for Twin Falls
Based on the median home price of $305,000 with 20% down ($61,000), here is what you can expect to pay monthly in Twin Falls:
15-Year vs. 30-Year Mortgage in Twin Falls
Choosing a 15-year mortgage in Twin Falls at 5.94% instead of a 30-year at 6.7% would save you $197,460 in total interest over the life of the loan. However, your monthly payment would be $2,051 instead of $1,574 — an increase of $477 per month.
Calculate Your Twin 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 Twin Falls
What are the current mortgage rates in Twin Falls, ID?
As of April 2026, the average 30-year fixed mortgage rate in Twin 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 0.61% above the national average of 6.09%.
How much is a monthly mortgage payment in Twin Falls?
Based on the median home price of $305,000 with 20% down, the estimated monthly mortgage payment in Twin Falls is $1,574 for principal and interest. Including property taxes of $175/month, the total monthly housing cost is approximately $1,749.
What income do I need to buy a home in Twin Falls?
Using the 28% rule, you would need an annual income of approximately $74,957 to afford the median-priced home in Twin Falls at $305,000. The median household income in Twin Falls is $48,250. This means most households would need to either earn above the median or consider homes below $305,000.
Is Twin Falls a good place to buy a home in 2026?
Twin Falls offers a below-average cost of living with a cost of living index of 88.5 (national average = 100). The property tax rate in Idaho is 0.69%, which is below the national average. Twin Falls has a population of 51,807 and offers a very affordable lifestyle.
Mortgage Rates in Other Idaho Cities
Related Tools & Guides
📊 Sources & Methodology
- 30-yr/15-yr fixed rates: Freddie Mac Primary Mortgage Market Survey (PMMS), weekly national average adjusted for Idaho regional spread.
- Median home price: $305,000 sourced from Redfin / Zillow real estate listings (2026 data).
- Property tax rate: 0.69% effective rate per Tax Foundation 2026 state property tax data.
- Median household income: $48,250 per US Census Bureau ACS 5-year estimate.
- Calculations: standard amortization formula M = P[r(1+r)^n] / [(1+r)^n − 1], with r = monthly rate, n = 360 months, P = loan amount (80% of home price).
Last updated: April 2026. Rates are approximate averages based on regional lending data for the Twin Falls, Idaho area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.