The typical owner-occupied home in Somers is worth about $465,400, 24% above the Montana median of $375,800 and 40% above the national median of $332,700. Owners pay a median $3,214 a year in property taxes, about 0.69% of their home's value, close to the Montana rate of 0.72%. The median household earns $56,917 a year, so the median home costs 8.2 times the median income (5.2 times for Montana). 57% of occupied homes here are lived in by their owners, and 58% of those owners still have a mortgage.
Somers at a glance
| Somers | Montana | U.S. | |
|---|---|---|---|
| Median home value | $465,400 | $375,800 | $332,700 |
| Median property tax paid per year | $3,214 | $2,693 | $3,119 |
| Property tax as a share of value | 0.69% | 0.72% | 0.94% |
| Median household income | $56,917 | $72,509 | $80,734 |
| Homes lived in by their owners | 57% | 69% | 65% |
| Owner homes with a mortgage | 58% | 55% | 61% |
| Median monthly costs, owners with a mortgage | $1,700 | $1,798 | $1,963 |
| Those costs as a share of the owners' income | 29.4% | 21.9% | 21.0% |
| Median rent | $1,131 | $1,081 | $1,413 |
| Rent as a share of renters' income | 23.2% | 27.8% | 30.6% |
| Median year homes were built | 1978 | 1981 | 1980 |
| Vacant homes | 19.0% | 13.2% | 10.1% |
| Population | 1,280 | 1,116,875 | 334,922,499 |
What a typical home costs per month in Somers
At this week's average 30-year rate of 7.11%, buying the median Somers home of $465,400 with 20% down costs about $2,966 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,741, 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 $127,120 for the 20%-down payment. That payment is 63% of the median Somers household income of $56,917; at that income and 20% down, the 28% guideline points to a home of about $208,000.
The median rent here is $1,131 a month, so owning the median home costs about $1,835 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $93,080 |
|---|---|
| Loan amount | $372,320 |
| Principal and interest | $2,505 |
| Property taxes (0.69% a year) | $268 |
| Homeowners insurance (our estimate, 0.5% a year) | $194 |
| PMI | $0 |
| Total per month | $2,966 |
Change the numbers in the calculator
| Down payment | $16,289 |
|---|---|
| Loan amount | $456,970 |
| Principal and interest | $3,074 |
| Property taxes (0.69% a year) | $268 |
| Homeowners insurance (our estimate, 0.5% a year) | $194 |
| FHA mortgage insurance | $206 |
| Total per month | $3,741 |
Change the numbers in the calculator
Questions about home buying in Somers
What is the median home value in Somers?
About $465,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Somers?
Homeowners pay a median $3,214 a year, which is about 0.69% 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 Somers?
For the median home with 20% down at 7.11%, the payment is about $2,966 a month. Keeping that under 28% of gross income takes about $127,120 a year.
More about Somers
- Mortgage Refinance in Somers
- Debt Relief in Somers
- Home Equity Loans in Somers
- 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