Quick facts: Swan valley, ID

Quick Facts

101.3
Cost of Living
above US average
281
Population
17.79
Crime Rate per 1000
below US average
$85,000
Median Income
above US average
$715,000
Median House Price
above US average
$1574
Average Rent
above US average
5%
Poverty Rate
below US average
2.0%
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 $85,000.

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Income Needed to Buy

βœ— Stretch
$224k/year
Based on $715,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $224k vs median $85,000
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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 ($85,000) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Swan valley, ID

Swan Valley is a charming small town located in eastern Idaho, nestled in the picturesque Snake River Valley. With a population of around 1,300 residents, it offers a tight-knit community atmosphere and stunning natural landscapes. The town is situated near the junction of the Snake River and the Palisades Reservoir, providing ample opportunities for outdoor recreation such as fishing, boating, hiking, and camping. Swan Valley is known for its scenic views, particularly of the nearby mountains, making it a popular spot for photographers and nature enthusiasts. The area features various trails and parks, promoting a healthy, active lifestyle for residents and visitors alike. Local attractions include the historic sites along the Oregon Trail and the nearby National Forests, which offer diverse wildlife viewing. The town experiences a semi-arid climate, meaning warm summers and cold winters, ideal for those who enjoy seasonal changes. Economically, the community is supported by tourism, agriculture, and local businesses, fostering a friendly and welcoming environment for newcomers and visitors. Whether you're seeking outdoor adventure or a peaceful retreat, Swan Valley presents a unique blend of natural beauty and small-town charm.

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