Income needed to buy a home
Gem County, ID
$153,414
a year in household income to buy the typical Gem County home with 10% down.
The monthly math
Typical home value$485,284
Down payment (10%)$48,528
Loan$436,756
Principal and interest (7.40%)$3,024/mo
Property tax (0.32% a year)$131/mo
Homeowners insurance (estimate)$243/mo
Mortgage insurance$182/mo
Total monthly cost$3,580/mo
Income needed keeps housing at 28% of gross income, the lender rule of thumb.
What locals earn
Out of reach
The typical household here earns $64,605 a year, 42% of what it takes.
In Idaho
Gem County ranks #34 of 43 for the income a home takes, from least to most.
Easiest to afford in Idaho
| County | Typical home | Income needed |
|---|---|---|
| Clark County | $254,849 | $80,457 |
| Shoshone County | $278,538 | $90,214 |
| Power County | $277,691 | $90,752 |
| Lewis County | $289,363 | $93,854 |
| Clearwater County | $313,024 | $101,092 |
Typical home value from the Zillow Home Value Index, August 2026. Rate is the Freddie Mac 30-year average for Oct 8, 2026. Property tax rate is total taxes paid divided by total home value in the county (U.S. Census, ACS 2020-2024). How it works.