Fernan Lake Village, ID Housing Affordability Index
Fernan Lake Village, Idaho has an MBR Housing Affordability Index score of 92.5 (Near National Average) as of October 30, 2026, ranking 164th most affordable of 187 scored Idaho cities, compared with 96.7 statewide and 97.4 nationally. On a median-priced $910,700 home with 20% down, the Idaho average 30-year fixed rate of 7.24% means a monthly principal and interest payment of about $4,963, or 48% of the city’s $125,000 median household income.
The MBR Housing Affordability Index (MBR-HAI) for Fernan Lake Village is updated every night from live Idaho mortgage rates and U.S. Census Bureau income, home value and housing cost data for the city. A score of 100 equals the national average; higher scores mean homeownership is more affordable.
Fernan Lake Village is 4.3 points below the Idaho score. Scores as of October 30, 2026. See the Idaho index
View Fernan Lake Village Mortgage RatesSee What You Can Afford in Fernan Lake Village, Idaho
Use this Fernan Lake Village, Idaho home affordability calculator to see how much house you can afford at today’s Idaho average 30-year mortgage rate of 7.24%. A household earning the Fernan Lake Village median income of $125,000, with no other debts and $182,000 down, can afford a home of about $555,176, compared with a median home value of $910,700. Buying the median priced home with 20% down takes a household income of about $239,000 once property tax and insurance are counted.
| Loan amount | $373,176 |
| Principal & interest | $2,542/mo |
| Property tax | $143/mo |
| Home insurance | $231/mo |
| PMI | $0/mo |
| Total monthly payment | $2,917/mo |
How much house can you afford in Fernan Lake Village?
Most lenders use two limits. Your housing payment, including principal, interest, property tax, homeowners insurance and any PMI, should stay under about 28% of your gross monthly income, and all of your monthly debt payments together should stay under about 36%. The calculator takes whichever limit is lower, then works backward from that payment to the most expensive home it covers at the current rate.
In Fernan Lake Village, property taxes run about 0.31% of a home’s value each year, based on the Census median tax bill, which counts against the same monthly budget as the mortgage. Each quarter point move in mortgage rates changes the price you can afford by roughly $8,299 for a median income household. A larger down payment, paying down other debts, or a lower rate from a local lender all raise your budget.
What It Takes to Buy in Fernan Lake Village
Source: U.S. Census Bureau American Community Survey 5-Year Estimates (2024) for Fernan Lake Village, Idaho. The rate is the Idaho average 30-year fixed rate from MonitorBankRates, since lenders publish rates by state.
How Fernan Lake Village Ranks in Idaho
Cite the Fernan Lake Village Score
Explore Further
Scores update each morning, computed from rate data captured the previous night. Score of 100 = national average at a 6.5% reference rate.
