The typical owner-occupied home in Augusta is worth about $208,300, 45% below the Montana median of $375,800 and 37% below the national median of $332,700. Owners pay a median $1,292 a year in property taxes, about 0.62% of their home's value, lower than the Montana rate of 0.72%. The median household earns $43,611 a year, so the median home costs 4.8 times the median income (5.2 times for Montana). 58% of occupied homes here are lived in by their owners, and 15% of those owners still have a mortgage.
Augusta at a glance
| Augusta | Montana | U.S. | |
|---|---|---|---|
| Median home value | $208,300 | $375,800 | $332,700 |
| Median property tax paid per year | $1,292 | $2,693 | $3,119 |
| Property tax as a share of value | 0.62% | 0.72% | 0.94% |
| Median household income | $43,611 | $72,509 | $80,734 |
| Homes lived in by their owners | 58% | 69% | 65% |
| Owner homes with a mortgage | 15% | 55% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,798 | $1,963 |
| Median rent | $816 | $1,081 | $1,413 |
| Rent as a share of renters' income | 9.0% | 27.8% | 30.6% |
| Median year homes were built | 1959 | 1981 | 1980 |
| Vacant homes | 36.5% | 13.2% | 10.1% |
| Population | 165 | 1,116,875 | 334,922,499 |
What a typical home costs per month in Augusta
At this week's average 30-year rate of 7.11%, buying the median Augusta home of $208,300 with 20% down costs about $1,315 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,662, 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 $56,375 for the 20%-down payment. That payment is 36% of the median Augusta household income of $43,611; at that income and 20% down, the 28% guideline points to a home of about $161,000.
The median rent here is $816 a month, so owning the median home costs about $499 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $41,660 |
|---|---|
| Loan amount | $166,640 |
| Principal and interest | $1,121 |
| Property taxes (0.62% a year) | $108 |
| Homeowners insurance (our estimate, 0.5% a year) | $87 |
| PMI | $0 |
| Total per month | $1,315 |
Change the numbers in the calculator
| Down payment | $7,290 |
|---|---|
| Loan amount | $204,527 |
| Principal and interest | $1,376 |
| Property taxes (0.62% a year) | $108 |
| Homeowners insurance (our estimate, 0.5% a year) | $87 |
| FHA mortgage insurance | $92 |
| Total per month | $1,662 |
Change the numbers in the calculator
Questions about home buying in Augusta
What is the median home value in Augusta?
About $208,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Augusta?
Homeowners pay a median $1,292 a year, which is about 0.62% 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 Augusta?
For the median home with 20% down at 7.11%, the payment is about $1,315 a month. Keeping that under 28% of gross income takes about $56,375 a year.
More about Augusta
- Mortgage Refinance in Augusta
- Debt Relief in Augusta
- Home Equity Loans in Augusta
- 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