The typical owner-occupied home in Ballantine is worth about $284,000, 24% below the Montana median of $375,800 and 15% below the national median of $332,700. Owners pay a median $3,393 a year in property taxes, about 1.19% of their home's value, higher than the Montana rate of 0.72%. 85% of occupied homes here are lived in by their owners, and 32% of those owners still have a mortgage.
Ballantine at a glance
| Ballantine | Montana | U.S. | |
|---|---|---|---|
| Median home value | $284,000 | $375,800 | $332,700 |
| Median property tax paid per year | $3,393 | $2,693 | $3,119 |
| Property tax as a share of value | 1.19% | 0.72% | 0.94% |
| Median household income | – | $72,509 | $80,734 |
| Homes lived in by their owners | 85% | 69% | 65% |
| Owner homes with a mortgage | 32% | 55% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,798 | $1,963 |
| Median rent | – | $1,081 | $1,413 |
| Median year homes were built | 1938 | 1981 | 1980 |
| Vacant homes | 0.0% | 13.2% | 10.1% |
| Population | 262 | 1,116,875 | 334,922,499 |
What a typical home costs per month in Ballantine
At this week's average 30-year rate of 7.11%, buying the median Ballantine home of $284,000 with 20% down costs about $1,928 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,401, 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 $82,644 for the 20%-down payment.
| Down payment | $56,800 |
|---|---|
| Loan amount | $227,200 |
| Principal and interest | $1,528 |
| Property taxes (1.19% a year) | $282 |
| Homeowners insurance (our estimate, 0.5% a year) | $118 |
| PMI | $0 |
| Total per month | $1,928 |
Change the numbers in the calculator
| Down payment | $9,940 |
|---|---|
| Loan amount | $278,856 |
| Principal and interest | $1,876 |
| Property taxes (1.19% a year) | $282 |
| Homeowners insurance (our estimate, 0.5% a year) | $118 |
| FHA mortgage insurance | $126 |
| Total per month | $2,401 |
Change the numbers in the calculator
Questions about home buying in Ballantine
What is the median home value in Ballantine?
About $284,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Ballantine?
Homeowners pay a median $3,393 a year, which is about 1.19% 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 Ballantine?
For the median home with 20% down at 7.11%, the payment is about $1,928 a month. Keeping that under 28% of gross income takes about $82,644 a year.
More about Ballantine
- Mortgage Refinance in Ballantine
- Debt Relief in Ballantine
- Home Equity Loans in Ballantine
- 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