The typical owner-occupied home in Helena is worth about $387,300, 3% above the Montana median of $375,800 and 16% above the national median of $332,700. Owners pay a median $3,552 a year in property taxes, about 0.92% of their home's value, higher than the Montana rate of 0.72%. The median household earns $71,036 a year, so the median home costs 5.5 times the median income (5.2 times for Montana). 53% of occupied homes here are lived in by their owners, and 55% of those owners still have a mortgage.
Helena at a glance
| Helena | Montana | U.S. | |
|---|---|---|---|
| Median home value | $387,300 | $375,800 | $332,700 |
| Median property tax paid per year | $3,552 | $2,693 | $3,119 |
| Property tax as a share of value | 0.92% | 0.72% | 0.94% |
| Median household income | $71,036 | $72,509 | $80,734 |
| Homes lived in by their owners | 53% | 69% | 65% |
| Owner homes with a mortgage | 55% | 55% | 61% |
| Median monthly costs, owners with a mortgage | $1,844 | $1,798 | $1,963 |
| Those costs as a share of the owners' income | 19.6% | 21.9% | 21.0% |
| Median rent | $1,092 | $1,081 | $1,413 |
| Rent as a share of renters' income | 26.1% | 27.8% | 30.6% |
| Median year homes were built | 1974 | 1981 | 1980 |
| Vacant homes | 4.9% | 13.2% | 10.1% |
| Population | 33,639 | 1,116,875 | 334,922,499 |
What a typical home costs per month in Helena
At this week's average 30-year rate of 7.11%, buying the median Helena home of $387,300 with 20% down costs about $2,543 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,188, 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 $108,969 for the 20%-down payment. That payment is 43% of the median Helena household income of $71,036; at that income and 20% down, the 28% guideline points to a home of about $252,000.
The median rent here is $1,092 a month, so owning the median home costs about $1,451 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $77,460 |
|---|---|
| Loan amount | $309,840 |
| Principal and interest | $2,084 |
| Property taxes (0.92% a year) | $297 |
| Homeowners insurance (our estimate, 0.5% a year) | $161 |
| PMI | $0 |
| Total per month | $2,543 |
Change the numbers in the calculator
| Down payment | $13,556 |
|---|---|
| Loan amount | $380,285 |
| Principal and interest | $2,558 |
| Property taxes (0.92% a year) | $297 |
| Homeowners insurance (our estimate, 0.5% a year) | $161 |
| FHA mortgage insurance | $171 |
| Total per month | $3,188 |
Change the numbers in the calculator
Questions about home buying in Helena
What is the median home value in Helena?
About $387,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Helena?
Homeowners pay a median $3,552 a year, which is about 0.92% 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 Helena?
For the median home with 20% down at 7.11%, the payment is about $2,543 a month. Keeping that under 28% of gross income takes about $108,969 a year.
More about Helena
- Mortgage Refinance in Helena
- Debt Relief in Helena
- Home Equity Loans in Helena
- 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