The typical owner-occupied home in Browning is worth about $151,800, 60% below the Montana median of $375,800 and 54% below the national median of $332,700. Owners pay a median $820 a year in property taxes, about 0.54% of their home's value, lower than the Montana rate of 0.72%. The median household earns $34,250 a year, so the median home costs 4.4 times the median income (5.2 times for Montana). 62% of occupied homes here are lived in by their owners, and 6% of those owners still have a mortgage.
Browning at a glance
| Browning | Montana | U.S. | |
|---|---|---|---|
| Median home value | $151,800 | $375,800 | $332,700 |
| Median property tax paid per year | $820 | $2,693 | $3,119 |
| Property tax as a share of value | 0.54% | 0.72% | 0.94% |
| Median household income | $34,250 | $72,509 | $80,734 |
| Homes lived in by their owners | 62% | 69% | 65% |
| Owner homes with a mortgage | 6% | 55% | 61% |
| Median monthly costs, owners with a mortgage | $1,125 | $1,798 | $1,963 |
| Those costs as a share of the owners' income | 12.2% | 21.9% | 21.0% |
| Median rent | $589 | $1,081 | $1,413 |
| Rent as a share of renters' income | 25.5% | 27.8% | 30.6% |
| Median year homes were built | 1973 | 1981 | 1980 |
| Vacant homes | 19.4% | 13.2% | 10.1% |
| Population | 943 | 1,116,875 | 334,922,499 |
What a typical home costs per month in Browning
At this week's average 30-year rate of 7.11%, buying the median Browning home of $151,800 with 20% down costs about $948 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,201, 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 $40,650 for the 20%-down payment. That payment is 33% of the median Browning household income of $34,250; at that income and 20% down, the 28% guideline points to a home of about $128,000.
The median rent here is $589 a month, so owning the median home costs about $359 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $30,360 |
|---|---|
| Loan amount | $121,440 |
| Principal and interest | $817 |
| Property taxes (0.54% a year) | $68 |
| Homeowners insurance (our estimate, 0.5% a year) | $63 |
| PMI | $0 |
| Total per month | $948 |
Change the numbers in the calculator
| Down payment | $5,313 |
|---|---|
| Loan amount | $149,051 |
| Principal and interest | $1,003 |
| Property taxes (0.54% a year) | $68 |
| Homeowners insurance (our estimate, 0.5% a year) | $63 |
| FHA mortgage insurance | $67 |
| Total per month | $1,201 |
Change the numbers in the calculator
Questions about home buying in Browning
What is the median home value in Browning?
About $151,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Browning?
Homeowners pay a median $820 a year, which is about 0.54% 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 Browning?
For the median home with 20% down at 7.11%, the payment is about $948 a month. Keeping that under 28% of gross income takes about $40,650 a year.
More about Browning
- Mortgage Refinance in Browning
- Debt Relief in Browning
- Home Equity Loans in Browning
- 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