Mortgage payment estimates, closing cost breakdowns, and homebuying data for Miles City, Montana.
Pre-filled with Miles City median home price and Montana tax/insurance rates. Adjust for your property.
Estimated closing costs based on Montana rates and fees applied to Miles City prices.
The median home price in Miles City is $195,000, 55% below the Montana state median of $430,000. With a population of 8,410, Miles City is a smaller market where home prices tend to be more accessible than in many parts of Montana.
Property taxes in Montana average 0.74% annually. This moderate property tax rate means a $195,000 home in Miles City would carry roughly $120/month in property taxes. Homeowners insurance in Montana runs approximately $2,100 per year. This is within the normal range nationally.
Average rent in Miles City is $780/month. With a price-to-rent ratio above 20, renting could be more economical in the short term — use our Rent vs Buy calculator to model your specific timeline.
Miles City offers strong affordability. With median prices under $250K, first-time buyers have realistic paths to homeownership, especially combined with Montana's MBOH Regular Bond Program program.