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Montana
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How Much Will Your Mortgage Be in Montana?
Located in the western United States, Montana is the eighth least populous state but fourth largest by area. Montana is one of the more expensive states for housing affordability and, despite its small population, home values saw a rise of 10% in 2018.
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Montana Home and Mortgage
Stats to Know
County | Avg. Home Price | Avg. Days on Market |
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Source of Info PropertyPath
Factors That Can Affect Your Montana Mortgage Calculations
Montana Job Stats to Consider
While agriculture is the dominant sector of Montana’s economy, one third of the population is employed in the service industry. Some high-technology businesses have also emerged in the state. Additionally, outdoor recreation and tourism sectors have also grown over the past few years.
The median household income according to the 2018 Census was $55,328, slightly lower than the national average but with 5.44% growth over the past year.
Montana has a progressive state income tax with the highest rate of 6.9%. One of the perks of living in Montana is the state has no sales tax.