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Challis

Learn about the people, housing, costs and businesses in Challis, Idaho

Median Home$381,700
Median Rent$691/month
Population943
Leading IndustryWholesale Trade10% of local workforce
Home Value Growth⬆⬆+18.7% over 2 years
Retirees25% of residentsabove average nationally
Homeowners77% of occupied units
NotableTransit79/100 · excellent transit access
Challis
ID

Frequently Asked Questions

What are today's mortgage rates in Challis?

As of today, the 30-year fixed mortgage rate for Challis is approximately 6.949% (6.990% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Challis?

The median home value in Challis is $382k. The median monthly rent is $691. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Challis?

Home values in Challis have increased 18.7% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Challis?

Based on a typical all-in ownership cost of $863/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $37k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Challis is $68k/year.

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What industries drive the economy in Challis?

The largest employment sectors in Challis are public administration (17%) and wholesale trade (10%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.