CALCMONEY // MORTGAGE // MT // MISSOULA
Calculate your monthly mortgage payment using Missoula-specific property tax rates and local market data.
$460,000
6.95%
0.85%
103
| Principal & Interest | $2,436 |
| Property Tax | $326 |
| Homeowners Insurance (est.) | $153 |
| Total Monthly Payment (PITI) | $2,915 |
$92,000
$508,949
$124,934/yr
The median home price in Missoula is $460,000, above the national median of $420,000. With a median household income of $62,000, the price-to-income ratio is 7.4x — meaning buyers typically spend 7.4 years of gross income on the purchase price.
Property taxes in Missoula run 0.85% of assessed value. On the median home, that is $3,910 per year, or $326 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 Missoula is 103 (national average = 100). Day-to-day expenses beyond housing are close to the national average.
Once you have your payment estimate, comparing lenders is the most important step. A 0.25% rate difference on a $368,000 loan saves $16,560 in interest over 30 years.
Compare Top Missoula Mortgage Lenders