The typical owner-occupied home in Simms is worth about $237,500, 37% below the Montana median of $375,800 and 29% below the national median of $332,700. Owners pay a median $3,029 a year in property taxes, about 1.28% of their home's value, higher than the Montana rate of 0.72%. The median household earns $42,292 a year, so the median home costs 5.6 times the median income (5.2 times for Montana). 78% of occupied homes here are lived in by their owners, and 59% of those owners still have a mortgage.
Simms at a glance
| Simms | Montana | U.S. | |
|---|---|---|---|
| Median home value | $237,500 | $375,800 | $332,700 |
| Median property tax paid per year | $3,029 | $2,693 | $3,119 |
| Property tax as a share of value | 1.28% | 0.72% | 0.94% |
| Median household income | $42,292 | $72,509 | $80,734 |
| Homes lived in by their owners | 78% | 69% | 65% |
| Owner homes with a mortgage | 59% | 55% | 61% |
| Median monthly costs, owners with a mortgage | $1,590 | $1,798 | $1,963 |
| Those costs as a share of the owners' income | 24.2% | 21.9% | 21.0% |
| Median rent | – | $1,081 | $1,413 |
| Median year homes were built | 1949 | 1981 | 1980 |
| Vacant homes | 0.0% | 13.2% | 10.1% |
| Population | 334 | 1,116,875 | 334,922,499 |
What a typical home costs per month in Simms
At this week's average 30-year rate of 7.11%, buying the median Simms home of $237,500 with 20% down costs about $1,630 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,026, 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 $69,876 for the 20%-down payment. That payment is 46% of the median Simms household income of $42,292; at that income and 20% down, the 28% guideline points to a home of about $144,000.
| Down payment | $47,500 |
|---|---|
| Loan amount | $190,000 |
| Principal and interest | $1,278 |
| Property taxes (1.28% a year) | $253 |
| Homeowners insurance (our estimate, 0.5% a year) | $99 |
| PMI | $0 |
| Total per month | $1,630 |
Change the numbers in the calculator
| Down payment | $8,312 |
|---|---|
| Loan amount | $233,198 |
| Principal and interest | $1,569 |
| Property taxes (1.28% a year) | $253 |
| Homeowners insurance (our estimate, 0.5% a year) | $99 |
| FHA mortgage insurance | $105 |
| Total per month | $2,026 |
Change the numbers in the calculator
Questions about home buying in Simms
What is the median home value in Simms?
About $237,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Simms?
Homeowners pay a median $3,029 a year, which is about 1.28% 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 Simms?
For the median home with 20% down at 7.11%, the payment is about $1,630 a month. Keeping that under 28% of gross income takes about $69,876 a year.
More about Simms
- Mortgage Refinance in Simms
- Debt Relief in Simms
- Home Equity Loans in Simms
- 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