Montana Average Home Price by City (2026)

The average home price in Montana (MT) is about $422,000 — the 2026 median, at ~$272/sq ft — 44% more expensive than the typical U.S. home.

$422,000
Montana median value
$272
Median price / sq ft
~1,550
sq ft a median budget buys
+44%
vs U.S. median
Missoula — $576,000MissoulaBillings — $406,500BillingsGreat Falls — $330,000Great Falls

Shaded by price · click a city to explore. Colour = median home value.

Considering a move to Montana?

Housing in Montana is 44% more expensive than the national average, with a typical home around $422,000 and a local rate near $272 per square foot. Among the 3 Montana cities we track, Missoula is the most expensive (median $576,000) and Great Falls is the most affordable (median $330,000) — so where you land in the state matters as much as the state itself.

Browse Montana cities

Missoula$576,000Billings$406,500Great Falls$330,000

Don’t see your city? Use the free Home Value Estimator for any U.S. ZIP, see the most expensive ZIP codes in America, or browse the full U.S. directory.

Salary needed to buy a home in Montana

To buy the typical $422,000 home in Montana with 20% down, you need a household income of roughly $115,000 a year (about $2,680 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $136,000, because the loan is bigger and mortgage insurance kicks in.

Down paymentCash downMonthly paymentIncome needed
5% (+PMI)$21,100$3,330/mo$143,000/yr
10% (+PMI)$42,200$3,180/mo$136,000/yr
20%$84,400$2,680/mo$115,000/yr

Assumes a 30-year fixed mortgage at 6.5%, property tax at 1.1% and insurance at 0.45% of value per year, PMI of 0.75% on loans with less than 20% down, and the standard 28% housing-to-income rule. Your rate, taxes, and HOA will move these — run your own numbers in the mortgage calculator.

What your budget buys in Montana

At about $272 per square foot, here is roughly how much home different budgets get you in Montana:

BudgetApprox. sizeWhat that looks like locally
$200k740 sq ftbelow the local median — condos, smaller or older homes
$250k920 sq ftbelow the local median — condos, smaller or older homes
$300k1100 sq ftbelow the local median — condos, smaller or older homes
$400k1470 sq ftaround the typical home here
$500k1840 sq ftaround the typical home here

Wondering where that budget goes further? The relocation calculator ranks hundreds of U.S. cities by what the same money buys — it opens filtered to Montana so you can compare your current home against every Montana city we track.

Montana home prices: frequently asked

What salary do you need to buy a house in Montana? +
For the typical $422,000 home in Montana, a household income of about $115,000 a year covers the payment with 20% down (a 30-year fixed at 6.5%, plus taxes and insurance, under the 28% rule). With 10% down you need roughly $136,000; with 5% down about $143,000.
What is the average home price in Montana? +
The average home price in Montana is about $422,000 as of 2026, at roughly $272 per square foot — 44% more expensive than the U.S. median of $294,000. That figure is the statewide median across the ZIP codes we track, which is what most price reports mean by the average.
What is the median home price in Montana (MT)? +
About $422,000 in 2026. The median is the mid-point home — half of homes cost more, half less — and it is the better yardstick than a true mean, which a handful of luxury sales can drag upward. At $272/sq ft, a median budget in Montana buys roughly 1,550 sq ft of home.
Where is Montana most and least expensive? +
Among the 3 Montana cities tracked here, Missoula is the priciest (median $576,000) and Great Falls is the most affordable (median $330,000). ZIP-level prices within one city vary further, so check the city page for your area.