The typical owner-occupied home in Emigrant is worth about $350,000, 7% below the Montana median of $375,800 and 5% above the national median of $332,700. The median household earns $62,863 a year, so the median home costs 5.6 times the median income (5.2 times for Montana). 81% of occupied homes here are lived in by their owners, and 35% of those owners still have a mortgage.
Emigrant at a glance
| Emigrant | Montana | U.S. | |
|---|---|---|---|
| Median home value | $350,000 | $375,800 | $332,700 |
| Median property tax paid per year | – | $2,693 | $3,119 |
| Median household income | $62,863 | $72,509 | $80,734 |
| Homes lived in by their owners | 81% | 69% | 65% |
| Owner homes with a mortgage | 35% | 55% | 61% |
| Median monthly costs, owners with a mortgage | $3,145 | $1,798 | $1,963 |
| Those costs as a share of the owners' income | 34.1% | 21.9% | 21.0% |
| Median rent | – | $1,081 | $1,413 |
| Median year homes were built | 1992 | 1981 | 1980 |
| Vacant homes | 28.9% | 13.2% | 10.1% |
| People below the poverty line | 30.1% | 11.5% | 12.5% |
| Population | 322 | 1,116,875 | 334,922,499 |
Household budgets and debt in Emigrant
30.1% of residents live below the federal poverty line, compared with 11.5% in Montana.
If debts are getting hard to manage, the usual options, from mildest to most serious, are: a budget and a call to your lenders to ask for a hardship plan; a debt management plan through a nonprofit credit counselor, which can lower interest rates; a debt consolidation loan or, for homeowners, a cash-out refinance or home equity loan; debt settlement, where a company negotiates to pay less than you owe; and bankruptcy.
Under the Federal Trade Commission's rules, debt settlement companies can't charge a fee until they have settled at least one of your debts. Settling can hurt your credit and forgiven debt may be taxable, so compare it with credit counseling first. Time limits for collectors to sue differ by state and by type of debt; check with your state attorney general or a lawyer before relying on one.
Homeowners can sometimes pay off high-interest debt with their home's equity. With the median Emigrant home worth $350,000 and 65% of owners mortgage-free, many owners have equity to draw on, but it turns unsecured debt into debt secured by your home.
Questions about debt relief in Emigrant
What is the median home value in Emigrant?
About $350,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much of their income do Emigrant households spend on housing?
With a median household income of $62,863, owners with a mortgage spend a median 34.1% on housing and renters 0.0%.
More about Emigrant
- Mortgage Refinance in Emigrant
- Home Buying in Emigrant
- Home Equity Loans in Emigrant
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data