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How much must you earn to buy a median-priced home in Montana? $100K – $150K – $200K?
May 25, 2025/
To afford a median-priced home in Montana, a household would need to earn around $178,017 per year. This figure is based on a median list price of $604,500 and assumes a 7% mortgage interest rate. However, the median household income in Montana is significantly lower, at just over $70,800, creating a large affordability gap.
Here’s a more detailed breakdown:
- Median Home Price: $604,500
- Minimum Recommended Income: $178,017 (to afford a median-priced home)
- Median Household Income: $70,800
- Affordability Gap: The median household income is significantly lower than the minimum recommended income, making homeownership less affordable for the average Montana household.
