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Belgrade vs Kalispell:
Housing Costs in Montana

Side-by-side comparison of home prices, mortgage payments, and housing costs between Belgrade and Kalispell, Montana. Using Montana's 0.74% property tax rate and $2,100/year insurance. Updated for 2026.

MetricBelgradeKalispell
Median Home Price$485K$475K
Population11,80526,884
Average Rent$1,520/mo$1,450/mo
Est. Monthly Mortgage (P&I)$2,759/mo$2,702/mo
Est. Monthly Property Tax$299/mo$293/mo
Est. Monthly Insurance$175/mo$175/mo
Est. Total PITI$3,415/mo$3,348/mo
Price-to-Rent Ratio26.627.3
Verdict

Kalispell edges out Belgrade in affordability, saving you roughly $67/month on total housing costs. Both cities are in Montana, so property tax rates and insurance costs are the same — the difference comes down to home prices and what you get for your money in each market.

Monthly Payment Comparison

Estimated PITI payments assuming 10% down, 6.5% rate, 30-year fixed mortgage with PMI. Uses Montana's 0.74% property tax rate.

Belgrade
Home Price$485,000
Down Payment (10%)$48,500
Loan Amount$436,500
Monthly P&I$2,759
Monthly Property Tax$299
Monthly Insurance$175
Monthly PMI$182
Total PITI$3,415/mo
Annual property tax: $3,589
Kalispell
Home Price$475,000
Down Payment (10%)$47,500
Loan Amount$427,500
Monthly P&I$2,702
Monthly Property Tax$293
Monthly Insurance$175
Monthly PMI$178
Total PITI$3,348/mo
Annual property tax: $3,515

Buying in Kalispell saves you approximately $67/month ($804/year) compared to Belgrade, based on median home prices with identical loan terms.

Which City Is Better For...

First-Time Buyers

Kalispell is the better choice for first-time buyers, with a median price of $475K versus $485K in Belgrade. That's $10K less to save for a down payment. You'd need roughly $17K for an FHA 3.5% down payment in Kalispell, compared to $17K in Belgrade. Montana offers the MBOH Regular Bond Program program (Up to $15,000 DPA) which applies in both cities.

Real Estate Investment

Belgrade has the better price-to-rent ratio at 26.6x versus 27.3x in Kalispell. A lower ratio generally signals better rental income relative to purchase price. Average rent in Belgrade is $1,520/month on a $485K median home, making it a stronger candidate for buy-and-rent investors.

Families

Kalispell (pop. 26,884) offers more amenities, schools, and services typical of a larger city, while Belgrade (pop. 11,805) may offer a quieter, more community-oriented lifestyle. Kalispell offers both more options and lower housing costs, making it attractive for families who want urban amenities without a premium price.

Income Needed to Afford the Median Home

Belgrade
$146K
annual household income
Based on $3,415/mo PITI at 28% DTI
Kalispell
$143K
annual household income
Based on $3,348/mo PITI at 28% DTI

Other Cities in Montana

Billings$345K
Pop. 119,116 · Rent $1,280/mo
Missoula$485K
Pop. 75,516 · Rent $1,520/mo
Great Falls$265K
Pop. 60,442 · Rent $1,050/mo
Bozeman$625K
Pop. 53,293 · Rent $1,850/mo
Helena$375K
Pop. 33,124 · Rent $1,280/mo
Butte$225K
Pop. 35,856 · Rent $950/mo
Whitefish$725K
Pop. 8,032 · Rent $1,950/mo
Havre$195K
Pop. 9,846 · Rent $820/mo

Explore Montana

Montana Mortgage Guide$430K median →
0.74% tax · $6K closing · $2,100/yr insurance
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