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New Report Fall 2026 Housing Affordability Report: every state is less affordable than in late August as average 30-year mortgage rates passed 7%. Read the report

Spirit Lake, ID Housing Affordability Index

Spirit Lake, Idaho has an MBR Housing Affordability Index score of 94.9 (Near National Average) as of October 30, 2026, ranking 154th most affordable of 187 scored Idaho cities, compared with 96.7 statewide and 97.4 nationally. On a median-priced $436,600 home with 20% down, the Idaho average 30-year fixed rate of 7.24% means a monthly principal and interest payment of about $2,379, or 44% of the city’s $65,192 median household income.

The MBR Housing Affordability Index (MBR-HAI) for Spirit Lake 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.

Spirit Lake MBR-HAI 94.9 Near National Average
Rank in Idaho 154 of 187 1 = most affordable
Idaho 96.7 Statewide score
National 97.4 100 = baseline
Avg 30-yr rate 7.24% Idaho lenders
Median home value $436,600 U.S. Census Bureau

Spirit Lake is 1.8 points below the Idaho score. Scores as of October 30, 2026. See the Idaho index

View Spirit Lake Mortgage Rates

See What You Can Afford in Spirit Lake, Idaho

Use this Spirit Lake, 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 Spirit Lake median income of $65,192, with no other debts and $87,000 down, can afford a home of about $277,398, compared with a median home value of $436,600. Buying the median priced home with 20% down takes a household income of about $117,100 once property tax and insurance are counted.

Spirit Lake median (Census)
Car, student loan, card minimums
Under 20% adds PMI
Idaho average, 30-year fixed
Spirit Lake median bill (Census)
Estimate; use your quote
You can afford a home up to
$277,398
Below the Spirit Lake median home value of $436,600
Loan amount$190,398
Principal & interest$1,297/mo
Property tax$109/mo
Home insurance$116/mo
PMI$0/mo
Total monthly payment$1,521/mo
Compare Spirit Lake Mortgage Rates

How much house can you afford in Spirit Lake?

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 Spirit Lake, property taxes run about 0.47% 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 $4,162 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 Spirit Lake

$2,379/mo
Principal & Interest
Median home, 20% down, 7.24%
$102,000
Income Needed
To keep principal and interest at 28% of income
$65,192
Median Household Income
Idaho: $77,800
6.7x
Price-to-Income Ratio
Idaho: 5.4x
$1,302/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$2,048/yr
Median Property Tax
0.47% of median value
32.4%
Owner Cost Burden
Owners spending 30%+ of income on housing
14.7%
Renter Cost Burden
Renters spending 30%+ of income on rent

Source: U.S. Census Bureau American Community Survey 5-Year Estimates (2024) for Spirit Lake, Idaho. The rate is the Idaho average 30-year fixed rate from MonitorBankRates, since lenders publish rates by state.

Cite the Spirit Lake Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Spirit Lake, Idaho score: 94.9 (Near National Average), ranked 154 of 187 Idaho cities. monitorbankrates.com/housing-affordability-index/idaho/spirit-lake”