The typical owner-occupied home in Alder is worth about $418,200, 11% above the Montana median of $375,800 and 26% above the national median of $332,700. Owners pay a median $1,900 a year in property taxes, about 0.45% of their home's value, lower than the Montana rate of 0.72%. The median household earns $42,500 a year, so the median home costs 9.8 times the median income (5.2 times for Montana). 74% of occupied homes here are lived in by their owners, and 25% of those owners still have a mortgage.
Alder at a glance
| Alder | Montana | U.S. | |
|---|---|---|---|
| Median home value | $418,200 | $375,800 | $332,700 |
| Median property tax paid per year | $1,900 | $2,693 | $3,119 |
| Property tax as a share of value | 0.45% | 0.72% | 0.94% |
| Median household income | $42,500 | $72,509 | $80,734 |
| Homes lived in by their owners | 74% | 69% | 65% |
| Owner homes with a mortgage | 25% | 55% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,798 | $1,963 |
| Median rent | $717 | $1,081 | $1,413 |
| Rent as a share of renters' income | 17.5% | 27.8% | 30.6% |
| Median year homes were built | 1960 | 1981 | 1980 |
| Vacant homes | 20.6% | 13.2% | 10.1% |
| Population | 92 | 1,116,875 | 334,922,499 |
What a typical home costs per month in Alder
At this week's average 30-year rate of 7.11%, buying the median Alder home of $418,200 with 20% down costs about $2,582 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,278, 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 $110,644 for the 20%-down payment. That payment is 73% of the median Alder household income of $42,500; at that income and 20% down, the 28% guideline points to a home of about $161,000.
The median rent here is $717 a month, so owning the median home costs about $1,865 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $83,640 |
|---|---|
| Loan amount | $334,560 |
| Principal and interest | $2,251 |
| Property taxes (0.45% a year) | $157 |
| Homeowners insurance (our estimate, 0.5% a year) | $174 |
| PMI | $0 |
| Total per month | $2,582 |
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| Down payment | $14,637 |
|---|---|
| Loan amount | $410,625 |
| Principal and interest | $2,762 |
| Property taxes (0.45% a year) | $157 |
| Homeowners insurance (our estimate, 0.5% a year) | $174 |
| FHA mortgage insurance | $185 |
| Total per month | $3,278 |
Change the numbers in the calculator
Questions about home buying in Alder
What is the median home value in Alder?
About $418,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Alder?
Homeowners pay a median $1,900 a year, which is about 0.45% 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 Alder?
For the median home with 20% down at 7.11%, the payment is about $2,582 a month. Keeping that under 28% of gross income takes about $110,644 a year.
More about Alder
- Mortgage Refinance in Alder
- Debt Relief in Alder
- Home Equity Loans in Alder
- 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