The typical owner-occupied home in Emigrant is worth about $350,000, 7% below the Montana median of $375,800 and 5% above the national median of $332,700. The median household earns $62,863 a year, so the median home costs 5.6 times the median income (5.2 times for Montana). 81% of occupied homes here are lived in by their owners, and 35% of those owners still have a mortgage.
Emigrant at a glance
| Emigrant | Montana | U.S. | |
|---|---|---|---|
| Median home value | $350,000 | $375,800 | $332,700 |
| Median property tax paid per year | – | $2,693 | $3,119 |
| Median household income | $62,863 | $72,509 | $80,734 |
| Homes lived in by their owners | 81% | 69% | 65% |
| Owner homes with a mortgage | 35% | 55% | 61% |
| Median monthly costs, owners with a mortgage | $3,145 | $1,798 | $1,963 |
| Those costs as a share of the owners' income | 34.1% | 21.9% | 21.0% |
| Median rent | – | $1,081 | $1,413 |
| Median year homes were built | 1992 | 1981 | 1980 |
| Vacant homes | 28.9% | 13.2% | 10.1% |
| Population | 322 | 1,116,875 | 334,922,499 |
What a typical home costs per month in Emigrant
At this week's average 30-year rate of 7.11%, buying the median Emigrant home of $350,000 with 20% down costs about $2,350 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,933, 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 $100,725 for the 20%-down payment. That payment is 45% of the median Emigrant household income of $62,863; at that income and 20% down, the 28% guideline points to a home of about $218,000.
| Down payment | $70,000 |
|---|---|
| Loan amount | $280,000 |
| Principal and interest | $1,884 |
| Property taxes (1.10% a year) | $321 |
| Homeowners insurance (our estimate, 0.5% a year) | $146 |
| PMI | $0 |
| Total per month | $2,350 |
Change the numbers in the calculator
| Down payment | $12,250 |
|---|---|
| Loan amount | $343,661 |
| Principal and interest | $2,312 |
| Property taxes (1.10% a year) | $321 |
| Homeowners insurance (our estimate, 0.5% a year) | $146 |
| FHA mortgage insurance | $155 |
| Total per month | $2,933 |
Change the numbers in the calculator
Questions about home buying in Emigrant
What is the median home value in Emigrant?
About $350,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
What income do you need to buy a home in Emigrant?
For the median home with 20% down at 7.11%, the payment is about $2,350 a month. Keeping that under 28% of gross income takes about $100,725 a year.
More about Emigrant
- Mortgage Refinance in Emigrant
- Debt Relief in Emigrant
- Home Equity Loans in Emigrant
- 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