The typical owner-occupied home in Dillon is worth about $256,700, 32% below the Montana median of $375,800 and 23% below the national median of $332,700. Owners pay a median $2,400 a year in property taxes, about 0.93% of their home's value, higher than the Montana rate of 0.72%. The median household earns $61,134 a year, so the median home costs 4.2 times the median income (5.2 times for Montana). 56% of occupied homes here are lived in by their owners, and 45% of those owners still have a mortgage.
Dillon at a glance
| Dillon | Montana | U.S. | |
|---|---|---|---|
| Median home value | $256,700 | $375,800 | $332,700 |
| Median property tax paid per year | $2,400 | $2,693 | $3,119 |
| Property tax as a share of value | 0.93% | 0.72% | 0.94% |
| Median household income | $61,134 | $72,509 | $80,734 |
| Homes lived in by their owners | 56% | 69% | 65% |
| Owner homes with a mortgage | 45% | 55% | 61% |
| Median monthly costs, owners with a mortgage | $1,477 | $1,798 | $1,963 |
| Those costs as a share of the owners' income | 18.9% | 21.9% | 21.0% |
| Median rent | $864 | $1,081 | $1,413 |
| Rent as a share of renters' income | 26.8% | 27.8% | 30.6% |
| Median year homes were built | 1971 | 1981 | 1980 |
| Vacant homes | 11.6% | 13.2% | 10.1% |
| Population | 4,085 | 1,116,875 | 334,922,499 |
What a typical home costs per month in Dillon
At this week's average 30-year rate of 7.11%, buying the median Dillon home of $256,700 with 20% down costs about $1,687 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,115, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $72,316 for the 20%-down payment. That payment is 33% of the median Dillon household income of $61,134; at that income and 20% down, the 28% guideline points to a home of about $217,000.
The median rent here is $864 a month, so owning the median home costs about $823 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $51,340 |
|---|---|
| Loan amount | $205,360 |
| Principal and interest | $1,381 |
| Property taxes (0.93% a year) | $199 |
| Homeowners insurance (our estimate, 0.5% a year) | $107 |
| PMI | $0 |
| Total per month | $1,687 |
Change the numbers in the calculator
| Down payment | $8,984 |
|---|---|
| Loan amount | $252,051 |
| Principal and interest | $1,696 |
| Property taxes (0.93% a year) | $199 |
| Homeowners insurance (our estimate, 0.5% a year) | $107 |
| FHA mortgage insurance | $114 |
| Total per month | $2,115 |
Change the numbers in the calculator
Questions about home buying in Dillon
What is the median home value in Dillon?
About $256,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Dillon?
Homeowners pay a median $2,400 a year, which is about 0.93% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Dillon?
For the median home with 20% down at 7.11%, the payment is about $1,687 a month. Keeping that under 28% of gross income takes about $72,316 a year.
More about Dillon
- Mortgage Refinance in Dillon
- Debt Relief in Dillon
- Home Equity Loans in Dillon
- 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