Compare Pocatello, ID mortgage rates and fees from top lenders. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lowest mortgage rates in Pocatello.
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January 24, 2022
Below we provide helpful information on the real estate market, home prices and housing affordability in Pocatello. Understand how much you need to earn to afford a home in Pocatello, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Pocatello fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in Pocatello is right for you.
The median home value for Pocatello, ID (Bannock County) is $252,607
Based on current mortgage rates and a 10% down payment, you need to make $41,389 per year to buy the median priced home in Pocatello
With this income, you could qualify for a $227,346 mortgage, assuming your monthly debt expense is reasonable
Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Pocatello is $958
The median household income for Pocatello, ID (Bannock County) is $56,193
Based on this income, you can afford a home valued at approximately $342,965
The home price you can afford to buy based on household income in Pocatello is 136% of the median home value which means housing prices are average. Pocatello (Bannock County) ranks 17 out of 44 counties in Idaho and 2,752 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Pocatello, ID is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Pocatello (Bannock County) below.
Conforming loan limits for Pocatello, ID
FHA loan limits for Pocatello, ID
VA loan limits for Pocatello, ID