Mortgage payment estimates, closing cost breakdowns, and homebuying data for Lewistown, Montana.
Median Home Price
$235K
Population
6K
Avg Monthly Rent
$880
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 Lewistown.
Lewistown vs Montana Median
The median home price in Lewistown is $235,000, which is 45% below the Montana state median of $430,000.
Mortgage Calculator — Lewistown, MT
Pre-filled with Lewistown median home price and Montana tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $235K home using Montana's 0.74% tax rate and $2,100/yr insurance.
5% Down
$1,861/mo
Down: $11,750
Loan: $223K
P&I: $1,411
Tax: $145
Insurance: $175
PMI: $130
10% Down
$1,780/mo
Down: $23,500
Loan: $212K
P&I: $1,337
Tax: $145
Insurance: $175
PMI: $123
20% Down (No PMI)
$1,508/mo
Down: $47,000
Loan: $188K
P&I: $1,188
Tax: $145
Insurance: $175
Income needed (28% rule): $65K/year with 20% down, $76K/year with 10% down.
Rent vs Buy in Lewistown
Rent
$880/mo
vs
Buy (10% down)
$1,780/mo
Price-to-rent ratio: 22.3 — At a ratio above 20, renting may be more economical in Lewistown for shorter stays. Buying costs $900 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 Lewistown is $235,000, 45% below the Montana state median of $430,000. With a population of 5,941, Lewistown 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 $235,000 home in Lewistown would carry roughly $145/month in property taxes. Homeowners insurance in Montana runs approximately $2,100 per year. This is within the normal range nationally.
Average rent in Lewistown is $880/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.
Lewistown 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 Lewistown.