The typical owner-occupied home in Reserve is worth about $100,000, 73% below the Montana median of $375,800 and 70% below the national median of $332,700. Owners pay a median $1,250 a year in property taxes, about 1.25% of their home's value, higher than the Montana rate of 0.72%. The median household earns $53,750 a year, so the median home costs 1.9 times the median income (5.2 times for Montana). 100% of occupied homes here are lived in by their owners, and 40% of those owners still have a mortgage.
Reserve at a glance
| Reserve | Montana | U.S. | |
|---|---|---|---|
| Median home value | $100,000 | $375,800 | $332,700 |
| Median property tax paid per year | $1,250 | $2,693 | $3,119 |
| Property tax as a share of value | 1.25% | 0.72% | 0.94% |
| Median household income | $53,750 | $72,509 | $80,734 |
| Homes lived in by their owners | 100% | 69% | 65% |
| Owner homes with a mortgage | 40% | 55% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,798 | $1,963 |
| Median rent | – | $1,081 | $1,413 |
| Median year homes were built | 1953 | 1981 | 1980 |
| Vacant homes | 28.6% | 13.2% | 10.1% |
| Population | 19 | 1,116,875 | 334,922,499 |
What a typical home costs per month in Reserve
At this week's average 30-year rate of 7.11%, buying the median Reserve home of $100,000 with 20% down costs about $684 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $851, 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 $29,314 for the 20%-down payment. That payment is 15% of the median Reserve household income of $53,750; at that income and 20% down, the 28% guideline points to a home of about $183,000.
| Down payment | $20,000 |
|---|---|
| Loan amount | $80,000 |
| Principal and interest | $538 |
| Property taxes (1.25% a year) | $104 |
| Homeowners insurance (our estimate, 0.5% a year) | $42 |
| PMI | $0 |
| Total per month | $684 |
Change the numbers in the calculator
| Down payment | $3,500 |
|---|---|
| Loan amount | $98,189 |
| Principal and interest | $661 |
| Property taxes (1.25% a year) | $104 |
| Homeowners insurance (our estimate, 0.5% a year) | $42 |
| FHA mortgage insurance | $44 |
| Total per month | $851 |
Change the numbers in the calculator
Questions about home buying in Reserve
What is the median home value in Reserve?
About $100,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Reserve?
Homeowners pay a median $1,250 a year, which is about 1.25% 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 Reserve?
For the median home with 20% down at 7.11%, the payment is about $684 a month. Keeping that under 28% of gross income takes about $29,314 a year.
More about Reserve
- Mortgage Refinance in Reserve
- Debt Relief in Reserve
- Home Equity Loans in Reserve
- 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