The typical owner-occupied home in Silver Gate is worth about $586,800, 56% above the Montana median of $375,800 and 76% above the national median of $332,700. Owners pay a median $3,283 a year in property taxes, about 0.56% of their home's value, lower than the Montana rate of 0.72%. 95% of occupied homes here are lived in by their owners, and 62% of those owners still have a mortgage.
Silver Gate at a glance
| Silver Gate | Montana | U.S. | |
|---|---|---|---|
| Median home value | $586,800 | $375,800 | $332,700 |
| Median property tax paid per year | $3,283 | $2,693 | $3,119 |
| Property tax as a share of value | 0.56% | 0.72% | 0.94% |
| Median household income | – | $72,509 | $80,734 |
| Homes lived in by their owners | 95% | 69% | 65% |
| Owner homes with a mortgage | 62% | 55% | 61% |
| Median monthly costs, owners with a mortgage | $3,114 | $1,798 | $1,963 |
| Those costs as a share of the owners' income | 18.3% | 21.9% | 21.0% |
| Median rent | – | $1,081 | $1,413 |
| Median year homes were built | 1976 | 1981 | 1980 |
| Vacant homes | 69.5% | 13.2% | 10.1% |
| Population | 114 | 1,116,875 | 334,922,499 |
What a typical home costs per month in Silver Gate
At this week's average 30-year rate of 7.11%, buying the median Silver Gate home of $586,800 with 20% down costs about $3,676 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $4,654, 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 $157,555 for the 20%-down payment.
| Down payment | $117,360 |
|---|---|
| Loan amount | $469,440 |
| Principal and interest | $3,158 |
| Property taxes (0.56% a year) | $274 |
| Homeowners insurance (our estimate, 0.5% a year) | $244 |
| PMI | $0 |
| Total per month | $3,676 |
Change the numbers in the calculator
| Down payment | $20,538 |
|---|---|
| Loan amount | $576,172 |
| Principal and interest | $3,876 |
| Property taxes (0.56% a year) | $274 |
| Homeowners insurance (our estimate, 0.5% a year) | $244 |
| FHA mortgage insurance | $260 |
| Total per month | $4,654 |
Change the numbers in the calculator
Questions about home buying in Silver Gate
What is the median home value in Silver Gate?
About $586,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Silver Gate?
Homeowners pay a median $3,283 a year, which is about 0.56% 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 Silver Gate?
For the median home with 20% down at 7.11%, the payment is about $3,676 a month. Keeping that under 28% of gross income takes about $157,555 a year.
More about Silver Gate
- Mortgage Refinance in Silver Gate
- Debt Relief in Silver Gate
- Home Equity Loans in Silver Gate
- 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