The typical owner-occupied home in Meagher County is worth about $259,800, 31% below the Montana median of $375,800 and 22% below the national median of $332,700. Owners pay a median $1,725 a year in property taxes, about 0.66% of their home's value, lower than the Montana rate of 0.72%. The median household earns $71,932 a year, so the median home costs 3.6 times the median income (5.2 times for Montana). 75% of occupied homes here are lived in by their owners, and 26% of those owners still have a mortgage.
Meagher County at a glance
| Meagher County | Montana | U.S. | |
|---|---|---|---|
| Median home value | $259,800 | $375,800 | $332,700 |
| Median property tax paid per year | $1,725 | $2,693 | $3,119 |
| Property tax as a share of value | 0.66% | 0.72% | 0.94% |
| Median household income | $71,932 | $72,509 | $80,734 |
| Homes lived in by their owners | 75% | 69% | 65% |
| Owner homes with a mortgage | 26% | 55% | 61% |
| Median monthly costs, owners with a mortgage | $1,670 | $1,798 | $1,963 |
| Those costs as a share of the owners' income | 21.7% | 21.9% | 21.0% |
| Median rent | $1,263 | $1,081 | $1,413 |
| Rent as a share of renters' income | 14.4% | 27.8% | 30.6% |
| Median year homes were built | 1976 | 1981 | 1980 |
| Vacant homes | 36.1% | 13.2% | 10.1% |
| Population | 2,007 | 1,116,875 | 334,922,499 |
What a typical home costs per month in Meagher County
At this week's average 30-year rate of 7.11%, buying the median Meagher County home of $259,800 with 20% down costs about $1,649 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,082, 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 $70,684 for the 20%-down payment. That payment is 28% of the median Meagher County household income of $71,932; at that income and 20% down, the 28% guideline points to a home of about $264,000.
The median rent here is $1,263 a month, so owning the median home costs about $386 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $51,960 |
|---|---|
| Loan amount | $207,840 |
| Principal and interest | $1,398 |
| Property taxes (0.66% a year) | $143 |
| Homeowners insurance (our estimate, 0.5% a year) | $108 |
| PMI | $0 |
| Total per month | $1,649 |
Change the numbers in the calculator
| Down payment | $9,093 |
|---|---|
| Loan amount | $255,094 |
| Principal and interest | $1,716 |
| Property taxes (0.66% a year) | $143 |
| Homeowners insurance (our estimate, 0.5% a year) | $108 |
| FHA mortgage insurance | $115 |
| Total per month | $2,082 |
Change the numbers in the calculator
Questions about home buying in Meagher County
What is the median home value in Meagher County?
About $259,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Meagher County?
Homeowners pay a median $1,725 a year, which is about 0.66% 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 Meagher County?
For the median home with 20% down at 7.11%, the payment is about $1,649 a month. Keeping that under 28% of gross income takes about $70,684 a year.
More about Meagher County
- Mortgage Refinance in Meagher County
- Debt Relief in Meagher County
- Home Equity Loans in Meagher County
- 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