The typical owner-occupied home in Babb is worth about $187,500, 50% below the Montana median of $375,800 and 44% below the national median of $332,700. 74% of occupied homes here are lived in by their owners, and 22% of those owners still have a mortgage.
Babb at a glance
| Babb | Montana | U.S. | |
|---|---|---|---|
| Median home value | $187,500 | $375,800 | $332,700 |
| Median property tax paid per year | – | $2,693 | $3,119 |
| Median household income | – | $72,509 | $80,734 |
| Homes lived in by their owners | 74% | 69% | 65% |
| Owner homes with a mortgage | 22% | 55% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,798 | $1,963 |
| Median rent | – | $1,081 | $1,413 |
| Median year homes were built | 1988 | 1981 | 1980 |
| Vacant homes | 25.0% | 13.2% | 10.1% |
| Population | 223 | 1,116,875 | 334,922,499 |
What a typical home costs per month in Babb
At this week's average 30-year rate of 7.11%, buying the median Babb home of $187,500 with 20% down costs about $1,259 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,571, 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 $53,960 for the 20%-down payment.
| Down payment | $37,500 |
|---|---|
| Loan amount | $150,000 |
| Principal and interest | $1,009 |
| Property taxes (1.10% a year) | $172 |
| Homeowners insurance (our estimate, 0.5% a year) | $78 |
| PMI | $0 |
| Total per month | $1,259 |
Change the numbers in the calculator
| Down payment | $6,562 |
|---|---|
| Loan amount | $184,104 |
| Principal and interest | $1,238 |
| Property taxes (1.10% a year) | $172 |
| Homeowners insurance (our estimate, 0.5% a year) | $78 |
| FHA mortgage insurance | $83 |
| Total per month | $1,571 |
Change the numbers in the calculator
Questions about home buying in Babb
What is the median home value in Babb?
About $187,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
What income do you need to buy a home in Babb?
For the median home with 20% down at 7.11%, the payment is about $1,259 a month. Keeping that under 28% of gross income takes about $53,960 a year.
More about Babb
- Mortgage Refinance in Babb
- Debt Relief in Babb
- Home Equity Loans in Babb
- 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