Quick facts: Malad city, ID

Quick Facts

101.3
Cost of Living
above US average
2,273
Population
37.4
Crime Rate per 1000
above US average
$68,594
Median Income
below US average
$345,000
Median House Price
above US average
$1574
Average Rent
above US average
Poverty rate Data is updating, will be available soon
3.6%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $68,594.

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Income Needed to Buy

βœ— Stretch
$108k/year
Based on $345,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $108k vs median $68,594
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Income Needed to Rent

βœ“ Affordable
$67k/year
Based on $1574/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($68,594) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Malad city, ID

Malad City is a charming small town located in Oneida County, Idaho. Nestled in the scenic Bear River Valley, it serves as the county seat and is known for its rich history and vibrant community. The city boasts a population of just over 8,000 residents, providing a welcoming and close-knit atmosphere. Malad is surrounded by stunning natural landscapes, making it an outdoor enthusiast's paradise. The nearby Wasatch-Cache National Forest offers opportunities for hiking, camping, and fishing, while the Bear River provides options for water-related activities. The town features a quaint downtown area with local shops, restaurants, and historical landmarks, including the Oneida County Courthouse. Malad hosts several community events throughout the year, fostering a sense of unity among residents. Culturally, the city reflects the heritage of its early settlers, with a blend of Native American history and pioneer spirit. The annual "Malad Valley Scottish Festival" celebrates this rich tapestry, attracting visitors for a weekend of music, dancing, and traditional Scottish culture. Overall, Malad City is a perfect destination for those seeking a tranquil lifestyle with easy access to outdoor adventure and a friendly community.

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