The typical owner-occupied home in Prairie County is worth about $165,700, 56% below the Montana median of $375,800 and 50% below the national median of $332,700. Owners pay a median $1,391 a year in property taxes, about 0.84% of their home's value, higher than the Montana rate of 0.72%. The median household earns $51,250 a year, so the median home costs 3.2 times the median income (5.2 times for Montana). 84% of occupied homes here are lived in by their owners, and 25% of those owners still have a mortgage.
Prairie County at a glance
| Prairie County | Montana | U.S. | |
|---|---|---|---|
| Median home value | $165,700 | $375,800 | $332,700 |
| Median property tax paid per year | $1,391 | $2,693 | $3,119 |
| Property tax as a share of value | 0.84% | 0.72% | 0.94% |
| Median household income | $51,250 | $72,509 | $80,734 |
| Homes lived in by their owners | 84% | 69% | 65% |
| Owner homes with a mortgage | 25% | 55% | 61% |
| Median monthly costs, owners with a mortgage | $1,289 | $1,798 | $1,963 |
| Those costs as a share of the owners' income | 23.8% | 21.9% | 21.0% |
| Median rent | $627 | $1,081 | $1,413 |
| Rent as a share of renters' income | 25.4% | 27.8% | 30.6% |
| Median year homes were built | 1957 | 1981 | 1980 |
| Vacant homes | 20.7% | 13.2% | 10.1% |
| Population | 1,250 | 1,116,875 | 334,922,499 |
What a typical home costs per month in Prairie County
At this week's average 30-year rate of 7.11%, buying the median Prairie County home of $165,700 with 20% down costs about $1,077 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,353, 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 $46,147 for the 20%-down payment. That payment is 25% of the median Prairie County household income of $51,250; at that income and 20% down, the 28% guideline points to a home of about $184,000.
The median rent here is $627 a month, so owning the median home costs about $450 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $33,140 |
|---|---|
| Loan amount | $132,560 |
| Principal and interest | $892 |
| Property taxes (0.84% a year) | $116 |
| Homeowners insurance (our estimate, 0.5% a year) | $69 |
| PMI | $0 |
| Total per month | $1,077 |
Change the numbers in the calculator
| Down payment | $5,800 |
|---|---|
| Loan amount | $162,699 |
| Principal and interest | $1,094 |
| Property taxes (0.84% a year) | $116 |
| Homeowners insurance (our estimate, 0.5% a year) | $69 |
| FHA mortgage insurance | $73 |
| Total per month | $1,353 |
Change the numbers in the calculator
Questions about home buying in Prairie County
What is the median home value in Prairie County?
About $165,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Prairie County?
Homeowners pay a median $1,391 a year, which is about 0.84% 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 Prairie County?
For the median home with 20% down at 7.11%, the payment is about $1,077 a month. Keeping that under 28% of gross income takes about $46,147 a year.
More about Prairie County
- Mortgage Refinance in Prairie County
- Debt Relief in Prairie County
- Home Equity Loans in Prairie County
- 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