Rent or buy in Nampa? Renting is $1,210 a month cheaper.
Renting the typical home in Nampa costs $1,210 less a month than owning it. Even counting equity and price growth, buying does not come out ahead of renting and investing the difference within 30 years under our baseline assumptions.
Updated September 26, 2026 · Zillow data for August 2026 · 7.03% mortgage rate (Freddie Mac, September 24, 2026) · Rank 198 of 340 (1 = owning closest to renting) · Part of our 2026 rent vs. buy study
Monthly cost to own$2,834typical home, 20% down
Typical monthly rent$1,624Zillow, August 2026
Buying breaks even30+ years3.5% price growth
Cash needed to buy$95,507$415,249 home · 20% down + 3% closing
Income needed to own$113,353vs. $64,960 to rent · 30% rule
Where the monthly money goes.
The first-month cost of owning the typical Nampa home, split into its parts, against the typical rent. About $271 of the first mortgage payment is principal, which you keep as equity.
The median household income in Nampa is $74,279 (Census ACS 2020–2024). Owning the typical home would take 46% of it; renting would take 26%.
As a check with a larger rental, HUD's FY2027 Fair Market Rent for a three-bedroom home in the Boise City, ID HUD Metro FMR Area area is $2,132 a month, still $702 below the cost of owning.
Own
$2,834
Rent
$1,624
Mortgage principal & interest $2,217
Property tax $176
Home insurance $95
Maintenance $346
How long you would need to stay.
Net worth of a buyer compared with a renter who invests the down payment, closing costs and any monthly savings at 6% a year. Home values and rents grow 3.5% a year; selling costs 6%.
Price is the Zillow Home Value Index and rent the Zillow Observed Rent Index for Nampa. The cost of owning includes principal and interest at 7.03% with 20% down, property tax at the city's 0.51% effective rate (Census ACS), the Idaho average homeowners premium (NAIC 2023) and 1% yearly maintenance. It leaves out income-tax effects, HOA dues and utilities. The typical rental may be smaller than the typical home for sale. Full methodology. This is a citywide estimate, not advice about a specific home.