Cost of Ownership · Montana

The true cost of owning a home in Montana

For a median $338,100 home in Montana, here is the full monthly cost — not just the mortgage. Built from public data: the state's median home value and effective property-tax rate, its average homeowners premium, and the current 30-year rate. This is a representative example, not a quote.

As of Jul 5, 2026Methodology true-cost-v3

Lender-approved payment

$2,384/mo

PITI + PMI

True monthly cost

$2,666/mo

everything, incl. upkeep

The gap

+$282/mo

what approval leaves out

Principal & interest$1,909/mo

Property tax$211/mo

Homeowners insurance$137/mo

PMI (LTV > 80%)$127/mo

Maintenance reserve$282/mo

True monthly cost$2,666/mo

Effective property-tax rate

0.75%

Avg. homeowners premium

$1,639/yr

NFIP flood claims on record

2,217

These figures use Montana’s median home value and a 10% down payment as a representative example. Your price, rate, and county rate will differ — run your own numbers in the True Cost tool, see how Montana ranks on property tax and insurance, or browse every state.