Mortgage payment estimates, closing cost breakdowns, and homebuying data for Butte, Montana.
Median Home Price
$225K
Population
36K
Avg Monthly Rent
$950
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 Butte.
Butte vs Montana Median
The median home price in Butte is $225,000, which is 48% below the Montana state median of $430,000.
Mortgage Calculator — Butte, MT
Pre-filled with Butte median home price and Montana tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $225K home using Montana's 0.74% tax rate and $2,100/yr insurance.
5% Down
$1,789/mo
Down: $11,250
Loan: $214K
P&I: $1,351
Tax: $139
Insurance: $175
PMI: $125
10% Down
$1,712/mo
Down: $22,500
Loan: $203K
P&I: $1,280
Tax: $139
Insurance: $175
PMI: $118
20% Down (No PMI)
$1,451/mo
Down: $45,000
Loan: $180K
P&I: $1,138
Tax: $139
Insurance: $175
Income needed (28% rule): $62K/year with 20% down, $73K/year with 10% down.
Rent vs Buy in Butte
Rent
$950/mo
vs
Buy (10% down)
$1,712/mo
Price-to-rent ratio: 19.7 — A ratio between 15-20 means the rent vs buy decision in Butte depends heavily on your timeline. If you plan to stay 5+ years, buying likely wins. For shorter stays, renting preserves flexibility.
The median home price in Butte is $225,000, 48% below the Montana state median of $430,000. With a population of 35,856, Butte is a smaller market where home prices tend to be more accessible than in many parts of Montana.
Property taxes in Montana average 0.74% annually. This moderate property tax rate means a $225,000 home in Butte would carry roughly $139/month in property taxes. Homeowners insurance in Montana runs approximately $2,100 per year. This is within the normal range nationally.
Average rent in Butte is $950/month. The price-to-rent ratio in Butte is moderate, meaning the buy-vs-rent decision depends heavily on how long you plan to stay.
Butte offers strong affordability. With median prices under $250K, first-time buyers have realistic paths to homeownership, especially combined with Montana's MBOH Regular Bond Program program.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Butte.