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'American dream' out of reach for many in Kootenai County as home prices soar

Just 30% of households in Kootenai County make enough to buy a home.

KOOTENAI COUNTY, Idaho — In 2020, about 75% of Kootenai County households made enough money to buy a home in the county.

The income needed in 2020 to pay the mortgage on an entry-level Kootenai County home was $66,000 for those with good credit, minimal debt and some savings for a down payment.

But that has changed as home prices surged over the past few years.

Today just 30% of households in Kootenai County make enough to buy a home, said Samuel Wolkenhauer, economist with the Idaho Department of Labor.

To read the full article, please visit our content partners at the Coeur d'Alene Press.

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