The typical owner-occupied home in Saco is worth about $75,000, 80% below the Montana median of $375,800 and 77% below the national median of $332,700. Owners pay a median $1,125 a year in property taxes, about 1.50% of their home's value, higher than the Montana rate of 0.72%. The median household earns $48,500 a year, so the median home costs 1.5 times the median income (5.2 times for Montana). 82% of occupied homes here are lived in by their owners, and 24% of those owners still have a mortgage.
Saco at a glance
| Saco | Montana | U.S. | |
|---|---|---|---|
| Median home value | $75,000 | $375,800 | $332,700 |
| Median property tax paid per year | $1,125 | $2,693 | $3,119 |
| Property tax as a share of value | 1.50% | 0.72% | 0.94% |
| Median household income | $48,500 | $72,509 | $80,734 |
| Homes lived in by their owners | 82% | 69% | 65% |
| Owner homes with a mortgage | 24% | 55% | 61% |
| Median monthly costs, owners with a mortgage | $1,188 | $1,798 | $1,963 |
| Those costs as a share of the owners' income | 31.3% | 21.9% | 21.0% |
| Median rent | – | $1,081 | $1,413 |
| Rent as a share of renters' income | 9.0% | 27.8% | 30.6% |
| Median year homes were built | 1977 | 1981 | 1980 |
| Vacant homes | 44.9% | 13.2% | 10.1% |
| Population | 140 | 1,116,875 | 334,922,499 |
What a typical home costs per month in Saco
At this week's average 30-year rate of 7.11%, buying the median Saco home of $75,000 with 20% down costs about $529 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $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 $22,655 for the 20%-down payment. That payment is 13% of the median Saco household income of $48,500; at that income and 20% down, the 28% guideline points to a home of about $161,000.
| Down payment | $15,000 |
|---|---|
| Loan amount | $60,000 |
| Principal and interest | $404 |
| Property taxes (1.50% a year) | $94 |
| Homeowners insurance (our estimate, 0.5% a year) | $31 |
| PMI | $0 |
| Total per month | $529 |
Change the numbers in the calculator
| Down payment | $2,625 |
|---|---|
| Loan amount | $73,642 |
| Principal and interest | $495 |
| Property taxes (1.50% a year) | $94 |
| Homeowners insurance (our estimate, 0.5% a year) | $31 |
| FHA mortgage insurance | $33 |
| Total per month | $654 |
Change the numbers in the calculator
Questions about home buying in Saco
What is the median home value in Saco?
About $75,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Saco?
Homeowners pay a median $1,125 a year, which is about 1.50% 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 Saco?
For the median home with 20% down at 7.11%, the payment is about $529 a month. Keeping that under 28% of gross income takes about $22,655 a year.
More about Saco
- Mortgage Refinance in Saco
- Debt Relief in Saco
- Home Equity Loans in Saco
- 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