The typical owner-occupied home in Plentywood is worth about $161,000, 57% below the Montana median of $375,800 and 52% below the national median of $332,700. Owners pay a median $1,670 a year in property taxes, about 1.04% of their home's value, higher than the Montana rate of 0.72%. The median household earns $68,438 a year, so the median home costs 2.4 times the median income (5.2 times for Montana). 67% of occupied homes here are lived in by their owners, and 49% of those owners still have a mortgage.
Plentywood at a glance
| Plentywood | Montana | U.S. | |
|---|---|---|---|
| Median home value | $161,000 | $375,800 | $332,700 |
| Median property tax paid per year | $1,670 | $2,693 | $3,119 |
| Property tax as a share of value | 1.04% | 0.72% | 0.94% |
| Median household income | $68,438 | $72,509 | $80,734 |
| Homes lived in by their owners | 67% | 69% | 65% |
| Owner homes with a mortgage | 49% | 55% | 61% |
| Median monthly costs, owners with a mortgage | $1,309 | $1,798 | $1,963 |
| Those costs as a share of the owners' income | 18.1% | 21.9% | 21.0% |
| Median rent | $760 | $1,081 | $1,413 |
| Rent as a share of renters' income | 37.5% | 27.8% | 30.6% |
| Median year homes were built | 1961 | 1981 | 1980 |
| Vacant homes | 27.7% | 13.2% | 10.1% |
| Population | 1,654 | 1,116,875 | 334,922,499 |
What a typical home costs per month in Plentywood
At this week's average 30-year rate of 7.11%, buying the median Plentywood home of $161,000 with 20% down costs about $1,073 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,341, 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 $45,989 for the 20%-down payment. That payment is 19% of the median Plentywood household income of $68,438; at that income and 20% down, the 28% guideline points to a home of about $240,000.
The median rent here is $760 a month, so owning the median home costs about $313 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $32,200 |
|---|---|
| Loan amount | $128,800 |
| Principal and interest | $866 |
| Property taxes (1.04% a year) | $140 |
| Homeowners insurance (our estimate, 0.5% a year) | $67 |
| PMI | $0 |
| Total per month | $1,073 |
Change the numbers in the calculator
| Down payment | $5,635 |
|---|---|
| Loan amount | $158,084 |
| Principal and interest | $1,063 |
| Property taxes (1.04% a year) | $140 |
| Homeowners insurance (our estimate, 0.5% a year) | $67 |
| FHA mortgage insurance | $71 |
| Total per month | $1,341 |
Change the numbers in the calculator
Questions about home buying in Plentywood
What is the median home value in Plentywood?
About $161,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Plentywood?
Homeowners pay a median $1,670 a year, which is about 1.04% 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 Plentywood?
For the median home with 20% down at 7.11%, the payment is about $1,073 a month. Keeping that under 28% of gross income takes about $45,989 a year.
More about Plentywood
- Mortgage Refinance in Plentywood
- Debt Relief in Plentywood
- Home Equity Loans in Plentywood
- 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