The typical owner-occupied home in Carter is worth about $111,400, 70% below the Montana median of $375,800 and 67% below the national median of $332,700. Owners pay a median $1,056 a year in property taxes, about 0.95% of their home's value, higher than the Montana rate of 0.72%. 96% of occupied homes here are lived in by their owners, and 38% of those owners still have a mortgage.
Carter at a glance
| Carter | Montana | U.S. | |
|---|---|---|---|
| Median home value | $111,400 | $375,800 | $332,700 |
| Median property tax paid per year | $1,056 | $2,693 | $3,119 |
| Property tax as a share of value | 0.95% | 0.72% | 0.94% |
| Median household income | – | $72,509 | $80,734 |
| Homes lived in by their owners | 96% | 69% | 65% |
| Owner homes with a mortgage | 38% | 55% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,798 | $1,963 |
| Those costs as a share of the owners' income | 12.5% | 21.9% | 21.0% |
| Median rent | – | $1,081 | $1,413 |
| Median year homes were built | 1938 | 1981 | 1980 |
| Vacant homes | 0.0% | 13.2% | 10.1% |
| Population | 60 | 1,116,875 | 334,922,499 |
What a typical home costs per month in Carter
At this week's average 30-year rate of 7.11%, buying the median Carter home of $111,400 with 20% down costs about $734 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $920, 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 $31,463 for the 20%-down payment.
| Down payment | $22,280 |
|---|---|
| Loan amount | $89,120 |
| Principal and interest | $600 |
| Property taxes (0.95% a year) | $88 |
| Homeowners insurance (our estimate, 0.5% a year) | $46 |
| PMI | $0 |
| Total per month | $734 |
Change the numbers in the calculator
| Down payment | $3,899 |
|---|---|
| Loan amount | $109,382 |
| Principal and interest | $736 |
| Property taxes (0.95% a year) | $88 |
| Homeowners insurance (our estimate, 0.5% a year) | $46 |
| FHA mortgage insurance | $49 |
| Total per month | $920 |
Change the numbers in the calculator
Questions about home buying in Carter
What is the median home value in Carter?
About $111,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Carter?
Homeowners pay a median $1,056 a year, which is about 0.95% 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 Carter?
For the median home with 20% down at 7.11%, the payment is about $734 a month. Keeping that under 28% of gross income takes about $31,463 a year.
More about Carter
- Mortgage Refinance in Carter
- Debt Relief in Carter
- Home Equity Loans in Carter
- 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