The typical owner-occupied home in Mineral County is worth about $364,300, 3% below the Montana median of $375,800 and 9% above the national median of $332,700. Owners pay a median $1,758 a year in property taxes, about 0.48% of their home's value, lower than the Montana rate of 0.72%. The median household earns $63,450 a year, so the median home costs 5.7 times the median income (5.2 times for Montana). 81% of occupied homes here are lived in by their owners, and 53% of those owners still have a mortgage.
Mineral County at a glance
| Mineral County | Montana | U.S. | |
|---|---|---|---|
| Median home value | $364,300 | $375,800 | $332,700 |
| Median property tax paid per year | $1,758 | $2,693 | $3,119 |
| Property tax as a share of value | 0.48% | 0.72% | 0.94% |
| Median household income | $63,450 | $72,509 | $80,734 |
| Homes lived in by their owners | 81% | 69% | 65% |
| Owner homes with a mortgage | 53% | 55% | 61% |
| Median monthly costs, owners with a mortgage | $1,599 | $1,798 | $1,963 |
| Those costs as a share of the owners' income | 23.9% | 21.9% | 21.0% |
| Median rent | $801 | $1,081 | $1,413 |
| Rent as a share of renters' income | 26.0% | 27.8% | 30.6% |
| Median year homes were built | 1983 | 1981 | 1980 |
| Vacant homes | 16.4% | 13.2% | 10.1% |
| Population | 4,959 | 1,116,875 | 334,922,499 |
What a typical home costs per month in Mineral County
At this week's average 30-year rate of 7.11%, buying the median Mineral County home of $364,300 with 20% down costs about $2,258 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,865, 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 $96,774 for the 20%-down payment. That payment is 43% of the median Mineral County household income of $63,450; at that income and 20% down, the 28% guideline points to a home of about $239,000.
The median rent here is $801 a month, so owning the median home costs about $1,457 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $72,860 |
|---|---|
| Loan amount | $291,440 |
| Principal and interest | $1,961 |
| Property taxes (0.48% a year) | $146 |
| Homeowners insurance (our estimate, 0.5% a year) | $152 |
| PMI | $0 |
| Total per month | $2,258 |
Change the numbers in the calculator
| Down payment | $12,750 |
|---|---|
| Loan amount | $357,702 |
| Principal and interest | $2,406 |
| Property taxes (0.48% a year) | $146 |
| Homeowners insurance (our estimate, 0.5% a year) | $152 |
| FHA mortgage insurance | $161 |
| Total per month | $2,865 |
Change the numbers in the calculator
Questions about home buying in Mineral County
What is the median home value in Mineral County?
About $364,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Mineral County?
Homeowners pay a median $1,758 a year, which is about 0.48% 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 Mineral County?
For the median home with 20% down at 7.11%, the payment is about $2,258 a month. Keeping that under 28% of gross income takes about $96,774 a year.
More about Mineral County
- Mortgage Refinance in Mineral County
- Debt Relief in Mineral County
- Home Equity Loans in Mineral 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