The typical owner-occupied home in Gallatin Gateway is worth about $814,400, 2.2 times the Montana median of $375,800 and 2.4 times the national median of $332,700. Owners pay a median $3,564 a year in property taxes, about 0.44% of their home's value, lower than the Montana rate of 0.72%. The median household earns $82,500 a year, so the median home costs 9.9 times the median income (5.2 times for Montana). 91% of occupied homes here are lived in by their owners, and 47% of those owners still have a mortgage.
Gallatin Gateway at a glance
| Gallatin Gateway | Montana | U.S. | |
|---|---|---|---|
| Median home value | $814,400 | $375,800 | $332,700 |
| Median property tax paid per year | $3,564 | $2,693 | $3,119 |
| Property tax as a share of value | 0.44% | 0.72% | 0.94% |
| Median household income | $82,500 | $72,509 | $80,734 |
| Homes lived in by their owners | 91% | 69% | 65% |
| Owner homes with a mortgage | 47% | 55% | 61% |
| Median monthly costs, owners with a mortgage | $2,262 | $1,798 | $1,963 |
| Those costs as a share of the owners' income | 21.8% | 21.9% | 21.0% |
| Median rent | $1,589 | $1,081 | $1,413 |
| Rent as a share of renters' income | 41.2% | 27.8% | 30.6% |
| Median year homes were built | 1986 | 1981 | 1980 |
| Vacant homes | 8.1% | 13.2% | 10.1% |
| Population | 933 | 1,116,875 | 334,922,499 |
What a typical home costs per month in Gallatin Gateway
At this week's average 30-year rate of 7.11%, buying the median Gallatin Gateway home of $814,400 with 20% down costs about $5,021 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $6,508, 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 $215,176 for the 20%-down payment. That payment is 73% of the median Gallatin Gateway household income of $82,500; at that income and 20% down, the 28% guideline points to a home of about $312,000.
The median rent here is $1,589 a month, so owning the median home costs about $3,432 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $162,880 |
|---|---|
| Loan amount | $651,520 |
| Principal and interest | $4,383 |
| Property taxes (0.44% a year) | $299 |
| Homeowners insurance (our estimate, 0.5% a year) | $339 |
| PMI | $0 |
| Total per month | $5,021 |
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| Down payment | $28,504 |
|---|---|
| Loan amount | $799,649 |
| Principal and interest | $5,379 |
| Property taxes (0.44% a year) | $299 |
| Homeowners insurance (our estimate, 0.5% a year) | $339 |
| FHA mortgage insurance | $491 |
| Total per month | $6,508 |
Change the numbers in the calculator
Questions about home buying in Gallatin Gateway
What is the median home value in Gallatin Gateway?
About $814,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Gallatin Gateway?
Homeowners pay a median $3,564 a year, which is about 0.44% 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 Gallatin Gateway?
For the median home with 20% down at 7.11%, the payment is about $5,021 a month. Keeping that under 28% of gross income takes about $215,176 a year.
More about Gallatin Gateway
- Mortgage Refinance in Gallatin Gateway
- Debt Relief in Gallatin Gateway
- Home Equity Loans in Gallatin Gateway
- 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