2026 data · 0.74% property tax · Median home $349,900
Montana Mortgage Calculator
A median-priced home in Montana ($349,900) costs roughly $2,320 per month all-in (PITI), assuming 20% down and a 30-year fixed at 7.0%. Montana's effective property tax rate is 0.74% — well below the US average of about 1.0%.
Montana median-home monthly payment
$2,320/mo
P&I $1,862 · Tax $216 · Insurance $242
@ $349,900 price, 20% down, 30-yr fixed at 7.0%
For a custom calculation with your specific numbers (different down payment, rate, term, or home price), use the main mortgage calculator — it includes a full amortization schedule.
Monthly payments at common home prices in Montana
| Home price | 20% down | P&I | Prop tax | Insurance | Total PITI/mo |
|---|---|---|---|---|---|
| $200,000 | $40,000 | $1,064 | $123 | $138 | $1,326 |
| $300,000 | $60,000 | $1,597 | $185 | $208 | $1,989 |
| $349,900 (state median) | $69,980 | $1,862 | $216 | $242 | $2,320 |
| $400,000 | $80,000 | $2,129 | $247 | $277 | $2,652 |
| $500,000 | $100,000 | $2,661 | $308 | $346 | $3,315 |
| $750,000 | $150,000 | $3,992 | $463 | $519 | $4,973 |
Calculations use Montana's 0.74% effective property tax rate, estimated homeowners insurance at 0.83%/year of home value, 30-year fixed at 7.0%, no PMI (20% down). Closing costs not included.
Montana property tax
Effective rate
0.74%
Median home value
$349,900
Median property tax
$2,580/yr
Montana's effective property tax rate is moderate. Property tax assistance program (PTAP) helps lower-income homeowners. No state sales tax helps offset property tax burden.
See our property tax calculator for a state-by-state property tax breakdown, and our Montana paycheck calculator to estimate take-home pay against this monthly housing cost.
Montana vs neighboring states
| State | Property tax rate | Median home | Median tax/yr | |
|---|---|---|---|---|
| Montana (this page) | 0.74% | $349,900 | $2,580 | |
| North Dakota | 0.94% | $228,700 | $2,130 | North Dakota mortgage → |
| South Dakota | 1.15% | $231,600 | $2,690 | South Dakota mortgage → |
| Wyoming | 0.55% | $291,100 | $1,580 | Wyoming mortgage → |
| Idaho | 0.58% | $340,900 | $1,980 | Idaho mortgage → |
FAQs about Montana mortgages
What is the property tax rate in Montana?
Montana's effective property tax rate is 0.74%, meaning the average homeowner pays roughly 0.74% of their home's value in property tax annually. On a $349,900 home (the state median), that's about $2,580 per year, or $215 per month added to your mortgage payment.
What is the average monthly mortgage payment in Montana?
For a home at Montana's median value of $349,900, assuming 20% down, a 30-year fixed mortgage at 7.0%, and Montana's 0.74% property tax + estimated insurance, the typical monthly PITI payment is approximately $2,320. This includes $1,862 principal & interest, $216 property tax, and $242 homeowners insurance.
How much income do I need to buy a house in Montana?
Using the standard 28% front-end DTI rule, you'd need annual income of approximately $99,429 to comfortably afford Montana's median-priced home. Lenders typically allow up to 43% total DTI (including all debts), which corresponds to about $64,744 annual income at the maximum end. Your specific qualification depends on credit score, down payment, debts, and lender requirements.
Is Montana a good state to buy a house?
Montana's combination of 0.74% property tax (well below the national average of ~1.0%) and median home value of $349,900 place it in the mid-range of state housing markets nationally. Montana's effective property tax rate is moderate.
How does Montana property tax compare to neighboring states?
Montana's 0.74% rate compares to: North Dakota at 0.94%, South Dakota at 1.15%, Wyoming at 0.55%, Idaho at 0.58%. Property taxes can differ substantially between bordering states — moving 30 miles across a state line can change your annual tax bill by thousands.
Does Montana have a homestead exemption?
Montana offers various property tax relief programs. Montana's effective property tax rate is moderate. Property tax assistance program (PTAP) helps lower-income homeowners. No state sales tax helps offset property tax burden. Check with your county assessor for primary-residence exemptions and senior/disabled programs that may reduce your annual property tax bill.
What's included in PITI?
PITI stands for Principal, Interest, Taxes, and Insurance — the four standard components of a mortgage payment. For your Montana mortgage, the breakdown on a median-priced home would be: Principal & Interest $1,862, Property Tax $216, Homeowners Insurance $242. Add PMI if your down payment is under 20%, and HOA fees if your home is in a community with one.