The typical owner-occupied home in Froid is worth about $102,800, 73% below the Montana median of $375,800 and 69% below the national median of $332,700. Owners pay a median $1,016 a year in property taxes, about 0.99% of their home's value, higher than the Montana rate of 0.72%. The median household earns $72,000 a year, so the median home costs 1.4 times the median income (5.2 times for Montana). 80% of occupied homes here are lived in by their owners, and 28% of those owners still have a mortgage.
Froid at a glance
| Froid | Montana | U.S. | |
|---|---|---|---|
| Median home value | $102,800 | $375,800 | $332,700 |
| Median property tax paid per year | $1,016 | $2,693 | $3,119 |
| Property tax as a share of value | 0.99% | 0.72% | 0.94% |
| Median household income | $72,000 | $72,509 | $80,734 |
| Homes lived in by their owners | 80% | 69% | 65% |
| Owner homes with a mortgage | 28% | 55% | 61% |
| Median monthly costs, owners with a mortgage | $1,167 | $1,798 | $1,963 |
| Those costs as a share of the owners' income | 18.2% | 21.9% | 21.0% |
| Median rent | $550 | $1,081 | $1,413 |
| Rent as a share of renters' income | 10.0% | 27.8% | 30.6% |
| Median year homes were built | 1954 | 1981 | 1980 |
| Vacant homes | 32.8% | 13.2% | 10.1% |
| Population | 324 | 1,116,875 | 334,922,499 |
What a typical home costs per month in Froid
At this week's average 30-year rate of 7.11%, buying the median Froid home of $102,800 with 20% down costs about $681 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $852, 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 $29,180 for the 20%-down payment. That payment is 11% of the median Froid household income of $72,000; at that income and 20% down, the 28% guideline points to a home of about $254,000.
The median rent here is $550 a month, so owning the median home costs about $131 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $20,560 |
|---|---|
| Loan amount | $82,240 |
| Principal and interest | $553 |
| Property taxes (0.99% a year) | $85 |
| Homeowners insurance (our estimate, 0.5% a year) | $43 |
| PMI | $0 |
| Total per month | $681 |
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| Down payment | $3,598 |
|---|---|
| Loan amount | $100,938 |
| Principal and interest | $679 |
| Property taxes (0.99% a year) | $85 |
| Homeowners insurance (our estimate, 0.5% a year) | $43 |
| FHA mortgage insurance | $45 |
| Total per month | $852 |
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Questions about home buying in Froid
What is the median home value in Froid?
About $102,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Froid?
Homeowners pay a median $1,016 a year, which is about 0.99% 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 Froid?
For the median home with 20% down at 7.11%, the payment is about $681 a month. Keeping that under 28% of gross income takes about $29,180 a year.
More about Froid
- Mortgage Refinance in Froid
- Debt Relief in Froid
- Home Equity Loans in Froid
- 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