How Much House Can I Afford in Montana?
Find out how much house you can afford in Montana with 0.84% property tax. Uses 28/36 rule with Montana-specific data.
How This Calculator Works
Calculation methodology and assumptions
Calculates home affordability in Montana using the 28/36 rule. Maximum 28% of gross monthly income for housing (PITI). Includes Montana's effective property tax rate of 0.84% and average home insurance of $2,200/year. Median home price in Montana: $425,000.
Key State Information
Montana housing market: Median home price $425,000 | Property tax rate 0.84% | Avg home insurance $2,200/yr | Median household income $60,560. Homes are expensive relative to income.
Frequently Asked Questions
How much house can I afford on the median income in Montana?
With Montana's median household income of $60,560 and a 10% down payment, you can typically afford a home priced around $211,960-$272,520 depending on debts and interest rates. The median home in Montana costs $425,000.
What is the property tax rate in Montana?
Montana's effective property tax rate is 0.84%. On a $425,000 home, that's approximately $3,570/year or $298/month.
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