The Most Affordable Neighborhoods in Cobalt, ID by Home Value

 

Cobalt, ID Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Cobalt area can be challenging. Home prices in Cobalt are now at a median cost of $271,834, lower than the Idaho average of $281,471.

The average cost of rent is $851/mo in Cobalt, primarily driven by the current value of real estate in the Cobalt area. While nearly 37.67% of residents own their homes outright in Cobalt, 9.72% rent.

Housing affordability isn’t just about home prices, though. The average household income in Cobalt is $5,822 per month. Households that rent pay about 14.62% of their income on rent here. Cobalt's most expensive areas are in the northern regions, while the cheapest areas are in the eastern parts of the city.


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