The typical owner-occupied home in Lame Deer is worth about $111,100, 70% below the Montana median of $375,800 and 67% below the national median of $332,700. The median household earns $23,700 a year, so the median home costs 4.7 times the median income (5.2 times for Montana). 56% of occupied homes here are lived in by their owners, and 15% of those owners still have a mortgage.
Lame Deer at a glance
| Lame Deer | Montana | U.S. | |
|---|---|---|---|
| Median home value | $111,100 | $375,800 | $332,700 |
| Median property tax paid per year | – | $2,693 | $3,119 |
| Median household income | $23,700 | $72,509 | $80,734 |
| Homes lived in by their owners | 56% | 69% | 65% |
| Owner homes with a mortgage | 15% | 55% | 61% |
| Median monthly costs, owners with a mortgage | $1,120 | $1,798 | $1,963 |
| Those costs as a share of the owners' income | 38.1% | 21.9% | 21.0% |
| Median rent | $558 | $1,081 | $1,413 |
| Rent as a share of renters' income | 17.3% | 27.8% | 30.6% |
| Median year homes were built | 1979 | 1981 | 1980 |
| Vacant homes | 23.5% | 13.2% | 10.1% |
| Population | 1,872 | 1,116,875 | 334,922,499 |
What a typical home costs per month in Lame Deer
At this week's average 30-year rate of 7.11%, buying the median Lame Deer home of $111,100 with 20% down costs about $746 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $931, 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 $31,973 for the 20%-down payment. That payment is 38% of the median Lame Deer household income of $23,700; at that income and 20% down, the 28% guideline points to a home of about $82,000.
The median rent here is $558 a month, so owning the median home costs about $188 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $22,220 |
|---|---|
| Loan amount | $88,880 |
| Principal and interest | $598 |
| Property taxes (1.10% a year) | $102 |
| Homeowners insurance (our estimate, 0.5% a year) | $46 |
| PMI | $0 |
| Total per month | $746 |
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| Down payment | $3,888 |
|---|---|
| Loan amount | $109,088 |
| Principal and interest | $734 |
| Property taxes (1.10% a year) | $102 |
| Homeowners insurance (our estimate, 0.5% a year) | $46 |
| FHA mortgage insurance | $49 |
| Total per month | $931 |
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Questions about home buying in Lame Deer
What is the median home value in Lame Deer?
About $111,100 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 Lame Deer?
For the median home with 20% down at 7.11%, the payment is about $746 a month. Keeping that under 28% of gross income takes about $31,973 a year.
More about Lame Deer
- Mortgage Refinance in Lame Deer
- Debt Relief in Lame Deer
- Home Equity Loans in Lame Deer
- 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