The typical owner-occupied home in Big Sky is worth about $1,137,900, 3.0 times the Montana median of $375,800 and 3.4 times the national median of $332,700. Owners pay a median $4,912 a year in property taxes, about 0.43% of their home's value, lower than the Montana rate of 0.72%. The median household earns $138,805 a year, so the median home costs 8.2 times the median income (5.2 times for Montana). 84% of occupied homes here are lived in by their owners, and 49% of those owners still have a mortgage.
Big Sky at a glance
| Big Sky | Montana | U.S. | |
|---|---|---|---|
| Median home value | $1,137,900 | $375,800 | $332,700 |
| Median property tax paid per year | $4,912 | $2,693 | $3,119 |
| Property tax as a share of value | 0.43% | 0.72% | 0.94% |
| Median household income | $138,805 | $72,509 | $80,734 |
| Homes lived in by their owners | 84% | 69% | 65% |
| Owner homes with a mortgage | 49% | 55% | 61% |
| Median monthly costs, owners with a mortgage | $2,515 | $1,798 | $1,963 |
| Those costs as a share of the owners' income | 19.2% | 21.9% | 21.0% |
| Median rent | $877 | $1,081 | $1,413 |
| Rent as a share of renters' income | 20.9% | 27.8% | 30.6% |
| Median year homes were built | 2001 | 1981 | 1980 |
| Vacant homes | 65.8% | 13.2% | 10.1% |
| Population | 2,445 | 1,116,875 | 334,922,499 |
What a typical home costs per month in Big Sky
At this week's average 30-year rate of 7.11%, buying the median Big Sky home of $1,137,900 with 20% down costs about $7,006 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $9,084, 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 $300,242 for the 20%-down payment. That payment is 61% of the median Big Sky household income of $138,805; at that income and 20% down, the 28% guideline points to a home of about $526,000.
The median rent here is $877 a month, so owning the median home costs about $6,129 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $227,580 |
|---|---|
| Loan amount | $910,320 |
| Principal and interest | $6,124 |
| Property taxes (0.43% a year) | $408 |
| Homeowners insurance (our estimate, 0.5% a year) | $474 |
| PMI | $0 |
| Total per month | $7,006 |
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| Down payment | $39,826 |
|---|---|
| Loan amount | $1,117,290 |
| Principal and interest | $7,516 |
| Property taxes (0.43% a year) | $408 |
| Homeowners insurance (our estimate, 0.5% a year) | $474 |
| FHA mortgage insurance | $686 |
| Total per month | $9,084 |
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Questions about home buying in Big Sky
What is the median home value in Big Sky?
About $1,137,900 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Big Sky?
Homeowners pay a median $4,912 a year, which is about 0.43% 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 Big Sky?
For the median home with 20% down at 7.11%, the payment is about $7,006 a month. Keeping that under 28% of gross income takes about $300,242 a year.
More about Big Sky
- Mortgage Refinance in Big Sky
- Debt Relief in Big Sky
- Home Equity Loans in Big Sky
- 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