The typical owner-occupied home in Crane is worth about $230,300, 39% below the Montana median of $375,800 and 31% below the national median of $332,700. Owners pay a median $2,488 a year in property taxes, about 1.08% of their home's value, higher than the Montana rate of 0.72%. The median household earns $79,545 a year, so the median home costs 2.9 times the median income (5.2 times for Montana). 100% of occupied homes here are lived in by their owners, and 13% of those owners still have a mortgage.
Crane at a glance
| Crane | Montana | U.S. | |
|---|---|---|---|
| Median home value | $230,300 | $375,800 | $332,700 |
| Median property tax paid per year | $2,488 | $2,693 | $3,119 |
| Property tax as a share of value | 1.08% | 0.72% | 0.94% |
| Median household income | $79,545 | $72,509 | $80,734 |
| Homes lived in by their owners | 100% | 69% | 65% |
| Owner homes with a mortgage | 13% | 55% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,798 | $1,963 |
| Median rent | – | $1,081 | $1,413 |
| Median year homes were built | 1986 | 1981 | 1980 |
| Vacant homes | 0.0% | 13.2% | 10.1% |
| Population | 187 | 1,116,875 | 334,922,499 |
What a typical home costs per month in Crane
At this week's average 30-year rate of 7.11%, buying the median Crane home of $230,300 with 20% down costs about $1,543 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,926, 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 $66,112 for the 20%-down payment. That payment is 23% of the median Crane household income of $79,545; at that income and 20% down, the 28% guideline points to a home of about $277,000.
| Down payment | $46,060 |
|---|---|
| Loan amount | $184,240 |
| Principal and interest | $1,239 |
| Property taxes (1.08% a year) | $207 |
| Homeowners insurance (our estimate, 0.5% a year) | $96 |
| PMI | $0 |
| Total per month | $1,543 |
Change the numbers in the calculator
| Down payment | $8,060 |
|---|---|
| Loan amount | $226,129 |
| Principal and interest | $1,521 |
| Property taxes (1.08% a year) | $207 |
| Homeowners insurance (our estimate, 0.5% a year) | $96 |
| FHA mortgage insurance | $102 |
| Total per month | $1,926 |
Change the numbers in the calculator
Questions about home buying in Crane
What is the median home value in Crane?
About $230,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Crane?
Homeowners pay a median $2,488 a year, which is about 1.08% 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 Crane?
For the median home with 20% down at 7.11%, the payment is about $1,543 a month. Keeping that under 28% of gross income takes about $66,112 a year.
More about Crane
- Mortgage Refinance in Crane
- Debt Relief in Crane
- Home Equity Loans in Crane
- 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