The typical owner-occupied home in Montreal is worth about $97,800, 63% below the Wisconsin median of $266,500 and 71% below the national median of $332,700. Owners pay a median $1,432 a year in property taxes, about 1.46% of their home's value, close to the Wisconsin rate of 1.42%. The median household earns $66,364 a year, so the median home costs 1.5 times the median income (3.4 times for Wisconsin). 93% of occupied homes here are lived in by their owners, and 59% of those owners still have a mortgage.
Montreal at a glance
| Montreal | Wisconsin | U.S. | |
|---|---|---|---|
| Median home value | $97,800 | $266,500 | $332,700 |
| Median property tax paid per year | $1,432 | $3,792 | $3,119 |
| Property tax as a share of value | 1.46% | 1.42% | 0.94% |
| Median household income | $66,364 | $77,485 | $80,734 |
| Homes lived in by their owners | 93% | 68% | 65% |
| Owner homes with a mortgage | 59% | 61% | 61% |
| Median monthly costs, owners with a mortgage | $800 | $1,689 | $1,963 |
| Those costs as a share of the owners' income | 16.7% | 19.5% | 21.0% |
| Median rent | $585 | $1,087 | $1,413 |
| Rent as a share of renters' income | 21.9% | 27.2% | 30.6% |
| Median year homes were built | 1947 | 1975 | 1980 |
| Vacant homes | 23.3% | 10.8% | 10.1% |
| Population | 909 | 5,914,872 | 334,922,499 |
What a typical home costs per month in Montreal
At this week's average 30-year rate of 7.11%, buying the median Montreal home of $97,800 with 20% down costs about $686 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $849, 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 $29,403 for the 20%-down payment. That payment is 12% of the median Montreal household income of $66,364; at that income and 20% down, the 28% guideline points to a home of about $221,000.
The median rent here is $585 a month, so owning the median home costs about $101 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $19,560 |
|---|---|
| Loan amount | $78,240 |
| Principal and interest | $526 |
| Property taxes (1.46% a year) | $119 |
| Homeowners insurance (our estimate, 0.5% a year) | $41 |
| PMI | $0 |
| Total per month | $686 |
Change the numbers in the calculator
| Down payment | $3,423 |
|---|---|
| Loan amount | $96,029 |
| Principal and interest | $646 |
| Property taxes (1.46% a year) | $119 |
| Homeowners insurance (our estimate, 0.5% a year) | $41 |
| FHA mortgage insurance | $43 |
| Total per month | $849 |
Change the numbers in the calculator
Questions about home buying in Montreal
What is the median home value in Montreal?
About $97,800 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Montreal?
Homeowners pay a median $1,432 a year, which is about 1.46% 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 Montreal?
For the median home with 20% down at 7.11%, the payment is about $686 a month. Keeping that under 28% of gross income takes about $29,403 a year.
More about Montreal
- Mortgage Refinance in Montreal
- Debt Relief in Montreal
- Home Equity Loans in Montreal
- 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