Fallon County, MT real estate

What the numbers say

Fallon County, MT real estate at a glance

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

Homeowners in Fallon County pay a median of $1,220 a year in property taxes on a median home value of $244,800, an effective rate of about 0.50%. The Montana average is 0.72%, which makes Fallon County the #6 lowest-tax of 56 counties in the state with published tax data.

Renters pay a median of $779 a month, and $685 for a two-bedroom. At today's prices a typical home costs about 26 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 $245,000 home here comes to about $1,538 including property tax and insurance. Lenders typically want that to be under 28% of income, which works out to roughly $66,000 a year (the median household here earns $76,250).