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Affordable
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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 $367,326, lower than the Idaho average of $450,170.
The average cost of rent is $1,068/mo in Cobalt, primarily driven by the current value of real estate in the Cobalt area. In Cobalt, 10.38% of households rent, and 54.66% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Cobalt is $5,683 per month. Households that rent pay about 18.79% of their income on rent here. Cobalt’s most expensive areas are in the central regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Tendoy, ID: equally priced homes
- Salmon, ID: less expensive homes
- Carmen, ID: equally priced homes
- Lemhi, ID: less expensive homes
- North Fork, ID: equally priced homes
- Ellis, ID: higher priced homes
- May, ID: higher priced homes
- Jackson, MT: less expensive homes
- Shoup, ID: less expensive homes
- Leadore, ID: less expensive homes
Cities with Similar Populations
- Jimtown, CA: higher priced homes
- Empire, OH: less expensive homes
- English, KY: less expensive homes
- Ericson, NE: less expensive homes
- Evanston, TN: less expensive homes
- Fallriver, TN: less expensive homes
- Festus, FL: equally priced homes
- Fiatt, IL: less expensive homes
- Fields Landing, CA: equally priced homes
- Fifty Lakes, MN: equally priced homes
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