The typical owner-occupied home in Busby is worth about $133,600, 64% below the Montana median of $375,800 and 60% below the national median of $332,700. The median household earns $46,071 a year, so the median home costs 2.9 times the median income (5.2 times for Montana). 38% of occupied homes here are lived in by their owners, and 0% of those owners still have a mortgage.
Busby at a glance
| Busby | Montana | U.S. | |
|---|---|---|---|
| Median home value | $133,600 | $375,800 | $332,700 |
| Median property tax paid per year | – | $2,693 | $3,119 |
| Median household income | $46,071 | $72,509 | $80,734 |
| Homes lived in by their owners | 38% | 69% | 65% |
| Owner homes with a mortgage | 0% | 55% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,798 | $1,963 |
| Median rent | $405 | $1,081 | $1,413 |
| Rent as a share of renters' income | 12.2% | 27.8% | 30.6% |
| Median year homes were built | 1978 | 1981 | 1980 |
| Vacant homes | 20.0% | 13.2% | 10.1% |
| Population | 569 | 1,116,875 | 334,922,499 |
What a typical home costs per month in Busby
At this week's average 30-year rate of 7.11%, buying the median Busby home of $133,600 with 20% down costs about $897 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,120, 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 $38,448 for the 20%-down payment. That payment is 23% of the median Busby household income of $46,071; at that income and 20% down, the 28% guideline points to a home of about $160,000.
The median rent here is $405 a month, so owning the median home costs about $492 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $26,720 |
|---|---|
| Loan amount | $106,880 |
| Principal and interest | $719 |
| Property taxes (1.10% a year) | $122 |
| Homeowners insurance (our estimate, 0.5% a year) | $56 |
| PMI | $0 |
| Total per month | $897 |
Change the numbers in the calculator
| Down payment | $4,676 |
|---|---|
| Loan amount | $131,180 |
| Principal and interest | $882 |
| Property taxes (1.10% a year) | $122 |
| Homeowners insurance (our estimate, 0.5% a year) | $56 |
| FHA mortgage insurance | $59 |
| Total per month | $1,120 |
Change the numbers in the calculator
Questions about home buying in Busby
What is the median home value in Busby?
About $133,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
What income do you need to buy a home in Busby?
For the median home with 20% down at 7.11%, the payment is about $897 a month. Keeping that under 28% of gross income takes about $38,448 a year.
More about Busby
- Mortgage Refinance in Busby
- Debt Relief in Busby
- Home Equity Loans in Busby
- 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