The typical owner-occupied home in Martin City is worth about $573,400, 53% above the Montana median of $375,800 and 72% above the national median of $332,700. Owners pay a median $1,473 a year in property taxes, about 0.26% of their home's value, lower than the Montana rate of 0.72%. 76% of occupied homes here are lived in by their owners, and 36% of those owners still have a mortgage.
Martin City at a glance
| Martin City | Montana | U.S. | |
|---|---|---|---|
| Median home value | $573,400 | $375,800 | $332,700 |
| Median property tax paid per year | $1,473 | $2,693 | $3,119 |
| Property tax as a share of value | 0.26% | 0.72% | 0.94% |
| Median household income | – | $72,509 | $80,734 |
| Homes lived in by their owners | 76% | 69% | 65% |
| Owner homes with a mortgage | 36% | 55% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,798 | $1,963 |
| Median rent | – | $1,081 | $1,413 |
| Median year homes were built | 1980 | 1981 | 1980 |
| Vacant homes | 29.2% | 13.2% | 10.1% |
| Population | 342 | 1,116,875 | 334,922,499 |
What a typical home costs per month in Martin City
At this week's average 30-year rate of 7.11%, buying the median Martin City home of $573,400 with 20% down costs about $3,449 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $4,404, 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 $147,814 for the 20%-down payment.
| Down payment | $114,680 |
|---|---|
| Loan amount | $458,720 |
| Principal and interest | $3,086 |
| Property taxes (0.26% a year) | $124 |
| Homeowners insurance (our estimate, 0.5% a year) | $239 |
| PMI | $0 |
| Total per month | $3,449 |
Change the numbers in the calculator
| Down payment | $20,069 |
|---|---|
| Loan amount | $563,014 |
| Principal and interest | $3,787 |
| Property taxes (0.26% a year) | $124 |
| Homeowners insurance (our estimate, 0.5% a year) | $239 |
| FHA mortgage insurance | $254 |
| Total per month | $4,404 |
Change the numbers in the calculator
Questions about home buying in Martin City
What is the median home value in Martin City?
About $573,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Martin City?
Homeowners pay a median $1,473 a year, which is about 0.26% 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 Martin City?
For the median home with 20% down at 7.11%, the payment is about $3,449 a month. Keeping that under 28% of gross income takes about $147,814 a year.
More about Martin City
- Mortgage Refinance in Martin City
- Debt Relief in Martin City
- Home Equity Loans in Martin City
- 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