The typical owner-occupied home in Raynesford is worth about $400,000, 6% above the Montana median of $375,800 and 20% above the national median of $332,700. Owners pay a median $800 a year in property taxes, about 0.20% of their home's value, lower than the Montana rate of 0.72%. The median household earns $75,000 a year, so the median home costs 5.3 times the median income (5.2 times for Montana). 100% of occupied homes here are lived in by their owners, and 25% of those owners still have a mortgage.
Raynesford at a glance
| Raynesford | Montana | U.S. | |
|---|---|---|---|
| Median home value | $400,000 | $375,800 | $332,700 |
| Median property tax paid per year | $800 | $2,693 | $3,119 |
| Property tax as a share of value | 0.20% | 0.72% | 0.94% |
| Median household income | $75,000 | $72,509 | $80,734 |
| Homes lived in by their owners | 100% | 69% | 65% |
| Owner homes with a mortgage | 25% | 55% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,798 | $1,963 |
| Median rent | – | $1,081 | $1,413 |
| Median year homes were built | 1944 | 1981 | 1980 |
| Vacant homes | 25.9% | 13.2% | 10.1% |
| Population | 54 | 1,116,875 | 334,922,499 |
What a typical home costs per month in Raynesford
At this week's average 30-year rate of 7.11%, buying the median Raynesford home of $400,000 with 20% down costs about $2,386 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,052, 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 $102,257 for the 20%-down payment. That payment is 38% of the median Raynesford household income of $75,000; at that income and 20% down, the 28% guideline points to a home of about $293,000.
| Down payment | $80,000 |
|---|---|
| Loan amount | $320,000 |
| Principal and interest | $2,153 |
| Property taxes (0.20% a year) | $67 |
| Homeowners insurance (our estimate, 0.5% a year) | $167 |
| PMI | $0 |
| Total per month | $2,386 |
Change the numbers in the calculator
| Down payment | $14,000 |
|---|---|
| Loan amount | $392,755 |
| Principal and interest | $2,642 |
| Property taxes (0.20% a year) | $67 |
| Homeowners insurance (our estimate, 0.5% a year) | $167 |
| FHA mortgage insurance | $177 |
| Total per month | $3,052 |
Change the numbers in the calculator
Questions about home buying in Raynesford
What is the median home value in Raynesford?
About $400,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Raynesford?
Homeowners pay a median $800 a year, which is about 0.20% 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 Raynesford?
For the median home with 20% down at 7.11%, the payment is about $2,386 a month. Keeping that under 28% of gross income takes about $102,257 a year.
More about Raynesford
- Mortgage Refinance in Raynesford
- Debt Relief in Raynesford
- Home Equity Loans in Raynesford
- 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