CALCMONEY // MORTGAGE // MT // BOZEMAN
Calculate your monthly mortgage payment using Bozeman-specific property tax rates and local market data.
$650,000
6.95%
0.78%
118
| Principal & Interest | $3,442 |
| Property Tax | $423 |
| Homeowners Insurance (est.) | $217 |
| Total Monthly Payment (PITI) | $4,081 |
$130,000
$719,166
$174,913/yr
The median home price in Bozeman is $650,000, above the national median of $420,000. With a median household income of $72,000, the price-to-income ratio is 9.0x — meaning buyers typically spend 9.0 years of gross income on the purchase price.
Property taxes in Bozeman run 0.78% of assessed value. On the median home, that is $5,070 per year, or $423 per month added to your mortgage payment. This is close to the national average of 1.1%.
Montana has a state income tax. Factor your take-home pay into how much mortgage you can comfortably carry each month.
The cost of living index in Bozeman is 118 (national average = 100). Expect to pay more for groceries, transportation, and services in addition to housing.
Once you have your payment estimate, comparing lenders is the most important step. A 0.25% rate difference on a $520,000 loan saves $23,400 in interest over 30 years.
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