The typical owner-occupied home in Philipsburg is worth about $307,600, 18% below the Montana median of $375,800 and 8% below the national median of $332,700. Owners pay a median $1,757 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 $29,773 a year, so the median home costs 10.3 times the median income (5.2 times for Montana). 52% of occupied homes here are lived in by their owners, and 43% of those owners still have a mortgage.
Philipsburg at a glance
| Philipsburg | Montana | U.S. | |
|---|---|---|---|
| Median home value | $307,600 | $375,800 | $332,700 |
| Median property tax paid per year | $1,757 | $2,693 | $3,119 |
| Property tax as a share of value | 0.57% | 0.72% | 0.94% |
| Median household income | $29,773 | $72,509 | $80,734 |
| Homes lived in by their owners | 52% | 69% | 65% |
| Owner homes with a mortgage | 43% | 55% | 61% |
| Median monthly costs, owners with a mortgage | $1,781 | $1,798 | $1,963 |
| Those costs as a share of the owners' income | 27.7% | 21.9% | 21.0% |
| Median rent | – | $1,081 | $1,413 |
| Rent as a share of renters' income | 41.9% | 27.8% | 30.6% |
| Median year homes were built | 1950 | 1981 | 1980 |
| Vacant homes | 26.1% | 13.2% | 10.1% |
| Population | 754 | 1,116,875 | 334,922,499 |
What a typical home costs per month in Philipsburg
At this week's average 30-year rate of 7.11%, buying the median Philipsburg home of $307,600 with 20% down costs about $1,930 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,442, 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 $82,701 for the 20%-down payment. That payment is 78% of the median Philipsburg household income of $29,773; at that income and 20% down, the 28% guideline points to a home of about $111,000.
| Down payment | $61,520 |
|---|---|
| Loan amount | $246,080 |
| Principal and interest | $1,655 |
| Property taxes (0.57% a year) | $146 |
| Homeowners insurance (our estimate, 0.5% a year) | $128 |
| PMI | $0 |
| Total per month | $1,930 |
Change the numbers in the calculator
| Down payment | $10,766 |
|---|---|
| Loan amount | $302,029 |
| Principal and interest | $2,032 |
| Property taxes (0.57% a year) | $146 |
| Homeowners insurance (our estimate, 0.5% a year) | $128 |
| FHA mortgage insurance | $136 |
| Total per month | $2,442 |
Change the numbers in the calculator
Questions about home buying in Philipsburg
What is the median home value in Philipsburg?
About $307,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Philipsburg?
Homeowners pay a median $1,757 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 Philipsburg?
For the median home with 20% down at 7.11%, the payment is about $1,930 a month. Keeping that under 28% of gross income takes about $82,701 a year.
More about Philipsburg
- Mortgage Refinance in Philipsburg
- Debt Relief in Philipsburg
- Home Equity Loans in Philipsburg
- 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