Montana housing market

What the numbers say

Montana real estate at a glance

By AstroCore · Realtor.com, US Census and Freddie Mac data

In September 2026, the median home in Montana listed for $635,000, down 0.3% from a year earlier.

Homes spent a median of 75 days on the market, faster than 79 days a year ago.

Homeowners in Montana pay a median of $2,693 a year in property taxes on a median home value of $375,800, an effective rate of about 0.72%.

Renters pay a median of $1,081 a month, and $1,099 for a two-bedroom. At today's prices a typical home costs about 49 times a year's rent, which generally favors renting over buying in the short term.

With 20% down and today's 7.24% average 30-year rate, the monthly payment on a $635,000 home here comes to about $4,106 including property tax and insurance. Lenders typically want that to be under 28% of income, which works out to roughly $176,000 a year (the median household here earns $72,509).