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Missoula and Gallatin County, Montana Have Some of the Most Expensive Homes in America
May 12, 2021 /
Assuming a 20% down payment, it would take a minimum annual income of $79,181 to afford a typical home in Missoula County, in keeping with the 28% rule. For context, across the U.S. as a whole, an annual income of about $52,523 is enough to afford a typical home, assuming the same 20% down payment and 28% affordability ratio.
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My Beloved College Town (Bozeman, Montana) Has a Problem: It’s too Popular
Senator Jon Tester called this potential revision “the death knell of Montana,” and just introduced a bill to prohibit the O.M.B. from raising the metropolitan yardstick past 50,000 people.
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