The typical owner-occupied home in Lodge Grass is worth about $62,200, 83% below the Montana median of $375,800 and 81% below the national median of $332,700. Owners pay a median $675 a year in property taxes, about 1.09% of their home's value, higher than the Montana rate of 0.72%. The median household earns $49,375 a year, so the median home costs 1.3 times the median income (5.2 times for Montana). 70% of occupied homes here are lived in by their owners, and 3% of those owners still have a mortgage.
Lodge Grass at a glance
| Lodge Grass | Montana | U.S. | |
|---|---|---|---|
| Median home value | $62,200 | $375,800 | $332,700 |
| Median property tax paid per year | $675 | $2,693 | $3,119 |
| Property tax as a share of value | 1.09% | 0.72% | 0.94% |
| Median household income | $49,375 | $72,509 | $80,734 |
| Homes lived in by their owners | 70% | 69% | 65% |
| Owner homes with a mortgage | 3% | 55% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,798 | $1,963 |
| Median rent | $850 | $1,081 | $1,413 |
| Rent as a share of renters' income | 15.0% | 27.8% | 30.6% |
| Median year homes were built | 1965 | 1981 | 1980 |
| Vacant homes | 24.8% | 13.2% | 10.1% |
| Population | 429 | 1,116,875 | 334,922,499 |
What a typical home costs per month in Lodge Grass
At this week's average 30-year rate of 7.11%, buying the median Lodge Grass home of $62,200 with 20% down costs about $417 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $521, 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 $17,878 for the 20%-down payment. That payment is 10% of the median Lodge Grass household income of $49,375; at that income and 20% down, the 28% guideline points to a home of about $172,000.
The median rent here is $850 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $12,440 |
|---|---|
| Loan amount | $49,760 |
| Principal and interest | $335 |
| Property taxes (1.09% a year) | $56 |
| Homeowners insurance (our estimate, 0.5% a year) | $26 |
| PMI | $0 |
| Total per month | $417 |
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| Down payment | $2,177 |
|---|---|
| Loan amount | $61,073 |
| Principal and interest | $411 |
| Property taxes (1.09% a year) | $56 |
| Homeowners insurance (our estimate, 0.5% a year) | $26 |
| FHA mortgage insurance | $28 |
| Total per month | $521 |
Change the numbers in the calculator
Questions about home buying in Lodge Grass
What is the median home value in Lodge Grass?
About $62,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Lodge Grass?
Homeowners pay a median $675 a year, which is about 1.09% 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 Lodge Grass?
For the median home with 20% down at 7.11%, the payment is about $417 a month. Keeping that under 28% of gross income takes about $17,878 a year.
More about Lodge Grass
- Mortgage Refinance in Lodge Grass
- Debt Relief in Lodge Grass
- Home Equity Loans in Lodge Grass
- 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