Mortgage payment estimates, closing cost breakdowns, and homebuying data for Missoula, Montana.
Pre-filled with Missoula median home price and Montana tax/insurance rates. Adjust for your property.
Estimated closing costs based on Montana rates and fees applied to Missoula prices.
The median home price in Missoula is $485,000, 13% above the Montana state median of $430,000. With a population of 75,516, Missoula is a smaller market where home prices reflect strong demand and local economic factors.
Property taxes in Montana average 0.74% annually. This moderate property tax rate means a $485,000 home in Missoula would carry roughly $299/month in property taxes. Homeowners insurance in Montana runs approximately $2,100 per year. This is within the normal range nationally.
Average rent in Missoula is $1,520/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.
Missoula is a higher-cost market. At $485K median, buyers need significant savings or strong income. Down payment assistance through Montana's MBOH Regular Bond Program program becomes especially important.