Montana Mortgage Rates & Home Prices (2026)
Median price: $450,000 · Avg. rate: 6.88%
Montana Market Overview
$450,000
Median Home Price
6.88%
Avg. 30-Yr Rate
0.74%
Property Tax Rate
68.0%
Homeownership Rate
Montana's housing market has surged due to remote worker migration and limited inventory. Bozeman and Missoula are the priciest markets. The Montana Board of Housing provides below-market rate loans and up to 5% down payment assistance.
Estimated Monthly Payment
Median home in Montana (20% down, 30-yr fixed)
$2,831/mo
Principal & Interest$2,366
Property Taxes$278
Home Insurance (est.)$188
Total Monthly (PITI)$2,831
Based on a $450,000 home with 20% down ($360,000 loan) at 6.88%. Does not include PMI, HOA, or other fees.
First-Time Buyer Programs in Montana
- Montana Housing Bond Program
- MBOH Down Payment Assistance
- Regular Bond Program
Contact your state's Housing Finance Agency for current program availability and requirements.
Rate Comparison: MT Rates
30-Year Fixed6.88%
15-Year Fixed6.12%
5/1 ARM (est.)6.13%
FHA 30-Year6.73%
VA 30-Year6.63%
Rates are estimates based on state averages and may vary by lender and borrower qualifications.
Frequently Asked Questions
Key Stats: MT
FHA Loan Limit$472,030
Median Income$66,017
Cost Index1.08x