The typical owner-occupied home in Missoula County is worth about $472,100, 26% above the Montana median of $375,800 and 42% above the national median of $332,700. Owners pay a median $4,150 a year in property taxes, about 0.88% of their home's value, higher than the Montana rate of 0.72%. The median household earns $75,598 a year, so the median home costs 6.2 times the median income (5.2 times for Montana). 59% of occupied homes here are lived in by their owners, and 64% of those owners still have a mortgage.
Missoula County at a glance
| Missoula County | Montana | U.S. | |
|---|---|---|---|
| Median home value | $472,100 | $375,800 | $332,700 |
| Median property tax paid per year | $4,150 | $2,693 | $3,119 |
| Property tax as a share of value | 0.88% | 0.72% | 0.94% |
| Median household income | $75,598 | $72,509 | $80,734 |
| Homes lived in by their owners | 59% | 69% | 65% |
| Owner homes with a mortgage | 64% | 55% | 61% |
| Median monthly costs, owners with a mortgage | $1,968 | $1,798 | $1,963 |
| Those costs as a share of the owners' income | 22.3% | 21.9% | 21.0% |
| Median rent | $1,190 | $1,081 | $1,413 |
| Rent as a share of renters' income | 29.3% | 27.8% | 30.6% |
| Median year homes were built | 1985 | 1981 | 1980 |
| Vacant homes | 7.5% | 13.2% | 10.1% |
| Population | 120,672 | 1,116,875 | 334,922,499 |
What a typical home costs per month in Missoula County
At this week's average 30-year rate of 7.11%, buying the median Missoula County home of $472,100 with 20% down costs about $3,084 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,870, 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 $132,154 for the 20%-down payment. That payment is 49% of the median Missoula County household income of $75,598; at that income and 20% down, the 28% guideline points to a home of about $270,000.
The median rent here is $1,190 a month, so owning the median home costs about $1,894 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $94,420 |
|---|---|
| Loan amount | $377,680 |
| Principal and interest | $2,541 |
| Property taxes (0.88% a year) | $346 |
| Homeowners insurance (our estimate, 0.5% a year) | $197 |
| PMI | $0 |
| Total per month | $3,084 |
Change the numbers in the calculator
| Down payment | $16,524 |
|---|---|
| Loan amount | $463,549 |
| Principal and interest | $3,118 |
| Property taxes (0.88% a year) | $346 |
| Homeowners insurance (our estimate, 0.5% a year) | $197 |
| FHA mortgage insurance | $209 |
| Total per month | $3,870 |
Change the numbers in the calculator
Questions about home buying in Missoula County
What is the median home value in Missoula County?
About $472,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Missoula County?
Homeowners pay a median $4,150 a year, which is about 0.88% 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 Missoula County?
For the median home with 20% down at 7.11%, the payment is about $3,084 a month. Keeping that under 28% of gross income takes about $132,154 a year.
More about Missoula County
- Mortgage Refinance in Missoula County
- Debt Relief in Missoula County
- Home Equity Loans in Missoula 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