The typical owner-occupied home in Heart Butte is worth about $46,300, 88% below the Montana median of $375,800 and 86% below the national median of $332,700. The median household earns $31,389 a year, so the median home costs 1.5 times the median income (5.2 times for Montana). 32% of occupied homes here are lived in by their owners, and 5% of those owners still have a mortgage.
Heart Butte at a glance
| Heart Butte | Montana | U.S. | |
|---|---|---|---|
| Median home value | $46,300 | $375,800 | $332,700 |
| Median property tax paid per year | – | $2,693 | $3,119 |
| Median household income | $31,389 | $72,509 | $80,734 |
| Homes lived in by their owners | 32% | 69% | 65% |
| Owner homes with a mortgage | 5% | 55% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,798 | $1,963 |
| Median rent | $455 | $1,081 | $1,413 |
| Rent as a share of renters' income | 14.6% | 27.8% | 30.6% |
| Median year homes were built | 1991 | 1981 | 1980 |
| Vacant homes | 14.7% | 13.2% | 10.1% |
| Population | 521 | 1,116,875 | 334,922,499 |
What a typical home costs per month in Heart Butte
At this week's average 30-year rate of 7.11%, buying the median Heart Butte home of $46,300 with 20% down costs about $311 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $388, 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 $13,324 for the 20%-down payment. That payment is 12% of the median Heart Butte household income of $31,389; at that income and 20% down, the 28% guideline points to a home of about $109,000.
The median rent here is $455 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $9,260 |
|---|---|
| Loan amount | $37,040 |
| Principal and interest | $249 |
| Property taxes (1.10% a year) | $42 |
| Homeowners insurance (our estimate, 0.5% a year) | $19 |
| PMI | $0 |
| Total per month | $311 |
Change the numbers in the calculator
| Down payment | $1,620 |
|---|---|
| Loan amount | $45,461 |
| Principal and interest | $306 |
| Property taxes (1.10% a year) | $42 |
| Homeowners insurance (our estimate, 0.5% a year) | $19 |
| FHA mortgage insurance | $20 |
| Total per month | $388 |
Change the numbers in the calculator
Questions about home buying in Heart Butte
What is the median home value in Heart Butte?
About $46,300 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 Heart Butte?
For the median home with 20% down at 7.11%, the payment is about $311 a month. Keeping that under 28% of gross income takes about $13,324 a year.
More about Heart Butte
- Mortgage Refinance in Heart Butte
- Debt Relief in Heart Butte
- Home Equity Loans in Heart Butte
- 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