The typical owner-occupied home in Dodson is worth about $45,200, 88% below the Montana median of $375,800 and 86% below the national median of $332,700. Owners pay a median $693 a year in property taxes, about 1.53% of their home's value, higher than the Montana rate of 0.72%. The median household earns $40,804 a year, so the median home costs 1.1 times the median income (5.2 times for Montana). 92% of occupied homes here are lived in by their owners, and 3% of those owners still have a mortgage.
Dodson at a glance
| Dodson | Montana | U.S. | |
|---|---|---|---|
| Median home value | $45,200 | $375,800 | $332,700 |
| Median property tax paid per year | $693 | $2,693 | $3,119 |
| Property tax as a share of value | 1.53% | 0.72% | 0.94% |
| Median household income | $40,804 | $72,509 | $80,734 |
| Homes lived in by their owners | 92% | 69% | 65% |
| Owner homes with a mortgage | 3% | 55% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,798 | $1,963 |
| Median rent | – | $1,081 | $1,413 |
| Median year homes were built | 1973 | 1981 | 1980 |
| Vacant homes | 7.0% | 13.2% | 10.1% |
| Population | 153 | 1,116,875 | 334,922,499 |
What a typical home costs per month in Dodson
At this week's average 30-year rate of 7.11%, buying the median Dodson home of $45,200 with 20% down costs about $320 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $395, 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 $13,702 for the 20%-down payment. That payment is 9% of the median Dodson household income of $40,804; at that income and 20% down, the 28% guideline points to a home of about $135,000.
| Down payment | $9,040 |
|---|---|
| Loan amount | $36,160 |
| Principal and interest | $243 |
| Property taxes (1.53% a year) | $58 |
| Homeowners insurance (our estimate, 0.5% a year) | $19 |
| PMI | $0 |
| Total per month | $320 |
Change the numbers in the calculator
| Down payment | $1,582 |
|---|---|
| Loan amount | $44,381 |
| Principal and interest | $299 |
| Property taxes (1.53% a year) | $58 |
| Homeowners insurance (our estimate, 0.5% a year) | $19 |
| FHA mortgage insurance | $20 |
| Total per month | $395 |
Change the numbers in the calculator
Questions about home buying in Dodson
What is the median home value in Dodson?
About $45,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Dodson?
Homeowners pay a median $693 a year, which is about 1.53% 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 Dodson?
For the median home with 20% down at 7.11%, the payment is about $320 a month. Keeping that under 28% of gross income takes about $13,702 a year.
More about Dodson
- Mortgage Refinance in Dodson
- Debt Relief in Dodson
- Home Equity Loans in Dodson
- 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