Mortgage payment estimates, closing cost breakdowns, and homebuying data for Belgrade, Montana.
Median Home Price
$485K
Population
12K
Avg Monthly Rent
$1,520
Property Tax Rate
0.74% *
* Property tax shown is the Montana state average effective rate. Actual rates vary by county, city, and school district — check with your local assessor for exact rates in Belgrade.
Belgrade vs Montana Median
The median home price in Belgrade is $485,000, which is 13% above the Montana state median of $430,000.
Mortgage Calculator — Belgrade, MT
Pre-filled with Belgrade median home price and Montana tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $485K home using Montana's 0.74% tax rate and $2,100/yr insurance.
5% Down
$3,655/mo
Down: $24,250
Loan: $461K
P&I: $2,912
Tax: $299
Insurance: $175
PMI: $269
10% Down
$3,488/mo
Down: $48,500
Loan: $437K
P&I: $2,759
Tax: $299
Insurance: $175
PMI: $255
20% Down (No PMI)
$2,927/mo
Down: $97,000
Loan: $388K
P&I: $2,452
Tax: $299
Insurance: $175
Income needed (28% rule): $125K/year with 20% down, $149K/year with 10% down.
Rent vs Buy in Belgrade
Rent
$1,520/mo
vs
Buy (10% down)
$3,488/mo
Price-to-rent ratio: 26.6 — At a ratio above 20, renting may be more economical in Belgrade for shorter stays. Buying costs $1,968 more per month than renting, and it typically takes 5-7 years to break even on the transaction costs of buying.
The median home price in Belgrade is $485,000, 13% above the Montana state median of $430,000. With a population of 11,805, Belgrade is a smaller market where home prices reflect strong demand and local economic factors.
Property taxes in Montana average 0.74% annually. This moderate property tax rate means a $485,000 home in Belgrade would carry roughly $299/month in property taxes. Homeowners insurance in Montana runs approximately $2,100 per year. This is within the normal range nationally.
Average rent in Belgrade is $1,520/month. With a price-to-rent ratio above 20, renting could be more economical in the short term — use our Rent vs Buy calculator to model your specific timeline.
Belgrade is a higher-cost market. At $485K median, buyers need significant savings or strong income. Down payment assistance through Montana's MBOH Regular Bond Program program becomes especially important.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Belgrade.