The typical owner-occupied home in Westby is worth about $65,800, 82% below the Montana median of $375,800 and 80% below the national median of $332,700. Owners pay a median $693 a year in property taxes, about 1.05% of their home's value, higher than the Montana rate of 0.72%. The median household earns $32,500 a year, so the median home costs 2.0 times the median income (5.2 times for Montana). 89% of occupied homes here are lived in by their owners, and 38% of those owners still have a mortgage.
Westby at a glance
| Westby | Montana | U.S. | |
|---|---|---|---|
| Median home value | $65,800 | $375,800 | $332,700 |
| Median property tax paid per year | $693 | $2,693 | $3,119 |
| Property tax as a share of value | 1.05% | 0.72% | 0.94% |
| Median household income | $32,500 | $72,509 | $80,734 |
| Homes lived in by their owners | 89% | 69% | 65% |
| Owner homes with a mortgage | 38% | 55% | 61% |
| Median monthly costs, owners with a mortgage | $983 | $1,798 | $1,963 |
| Those costs as a share of the owners' income | 27.5% | 21.9% | 21.0% |
| Median rent | $358 | $1,081 | $1,413 |
| Rent as a share of renters' income | 14.2% | 27.8% | 30.6% |
| Median year homes were built | 1960 | 1981 | 1980 |
| Vacant homes | 29.3% | 13.2% | 10.1% |
| Population | 290 | 1,116,875 | 334,922,499 |
What a typical home costs per month in Westby
At this week's average 30-year rate of 7.11%, buying the median Westby home of $65,800 with 20% down costs about $439 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $549, 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 $18,819 for the 20%-down payment. That payment is 16% of the median Westby household income of $32,500; at that income and 20% down, the 28% guideline points to a home of about $114,000.
The median rent here is $358 a month, so owning the median home costs about $81 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $13,160 |
|---|---|
| Loan amount | $52,640 |
| Principal and interest | $354 |
| Property taxes (1.05% a year) | $58 |
| Homeowners insurance (our estimate, 0.5% a year) | $27 |
| PMI | $0 |
| Total per month | $439 |
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| Down payment | $2,303 |
|---|---|
| Loan amount | $64,608 |
| Principal and interest | $435 |
| Property taxes (1.05% a year) | $58 |
| Homeowners insurance (our estimate, 0.5% a year) | $27 |
| FHA mortgage insurance | $29 |
| Total per month | $549 |
Change the numbers in the calculator
Questions about home buying in Westby
What is the median home value in Westby?
About $65,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Westby?
Homeowners pay a median $693 a year, which is about 1.05% 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 Westby?
For the median home with 20% down at 7.11%, the payment is about $439 a month. Keeping that under 28% of gross income takes about $18,819 a year.
More about Westby
- Mortgage Refinance in Westby
- Debt Relief in Westby
- Home Equity Loans in Westby
- 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