The typical owner-occupied home in Three Forks is worth about $395,800, 5% above the Montana median of $375,800 and 19% above the national median of $332,700. Owners pay a median $2,243 a year in property taxes, about 0.57% of their home's value, lower than the Montana rate of 0.72%. The median household earns $79,784 a year, so the median home costs 5.0 times the median income (5.2 times for Montana). 73% of occupied homes here are lived in by their owners, and 57% of those owners still have a mortgage.
Three Forks at a glance
| Three Forks | Montana | U.S. | |
|---|---|---|---|
| Median home value | $395,800 | $375,800 | $332,700 |
| Median property tax paid per year | $2,243 | $2,693 | $3,119 |
| Property tax as a share of value | 0.57% | 0.72% | 0.94% |
| Median household income | $79,784 | $72,509 | $80,734 |
| Homes lived in by their owners | 73% | 69% | 65% |
| Owner homes with a mortgage | 57% | 55% | 61% |
| Median monthly costs, owners with a mortgage | $2,027 | $1,798 | $1,963 |
| Those costs as a share of the owners' income | 22.2% | 21.9% | 21.0% |
| Median rent | $1,330 | $1,081 | $1,413 |
| Rent as a share of renters' income | 28.8% | 27.8% | 30.6% |
| Median year homes were built | 1985 | 1981 | 1980 |
| Vacant homes | 0.8% | 13.2% | 10.1% |
| Population | 1,919 | 1,116,875 | 334,922,499 |
What a typical home costs per month in Three Forks
At this week's average 30-year rate of 7.11%, buying the median Three Forks home of $395,800 with 20% down costs about $2,483 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,142, 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 $106,413 for the 20%-down payment. That payment is 37% of the median Three Forks household income of $79,784; at that income and 20% down, the 28% guideline points to a home of about $297,000.
The median rent here is $1,330 a month, so owning the median home costs about $1,153 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $79,160 |
|---|---|
| Loan amount | $316,640 |
| Principal and interest | $2,130 |
| Property taxes (0.57% a year) | $188 |
| Homeowners insurance (our estimate, 0.5% a year) | $165 |
| PMI | $0 |
| Total per month | $2,483 |
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| Down payment | $13,853 |
|---|---|
| Loan amount | $388,631 |
| Principal and interest | $2,614 |
| Property taxes (0.57% a year) | $188 |
| Homeowners insurance (our estimate, 0.5% a year) | $165 |
| FHA mortgage insurance | $175 |
| Total per month | $3,142 |
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Questions about home buying in Three Forks
What is the median home value in Three Forks?
About $395,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Three Forks?
Homeowners pay a median $2,243 a year, which is about 0.57% 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 Three Forks?
For the median home with 20% down at 7.11%, the payment is about $2,483 a month. Keeping that under 28% of gross income takes about $106,413 a year.
More about Three Forks
- Mortgage Refinance in Three Forks
- Debt Relief in Three Forks
- Home Equity Loans in Three Forks
- 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