Powder River County, MT real estate

What the numbers say

Powder River County, MT real estate at a glance

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

Homeowners in Powder River County pay a median of $1,304 a year in property taxes on a median home value of $192,100, an effective rate of about 0.68%. The Montana average is 0.72%, which makes Powder River County the #29 lowest-tax of 56 counties in the state with published tax data.

Renters pay a median of $533 a month, and $532 for a two-bedroom. At today's prices a typical home costs about 30 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 $192,000 home here comes to about $1,236 including property tax and insurance. Lenders typically want that to be under 28% of income, which works out to roughly $53,000 a year (the median household here earns $67,045).