Mortgage payment estimates, closing cost breakdowns, and homebuying data for Polson, Montana.
Median Home Price
$425K
Population
5K
Avg Monthly Rent
$1,350
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 Polson.
Polson vs Montana Median
The median home price in Polson is $425,000, which is roughly in line with the Montana state median of $430,000.
Mortgage Calculator — Polson, MT
Pre-filled with Polson median home price and Montana tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $425K home using Montana's 0.74% tax rate and $2,100/yr insurance.
5% Down
$3,225/mo
Down: $21,250
Loan: $404K
P&I: $2,552
Tax: $262
Insurance: $175
PMI: $236
10% Down
$3,078/mo
Down: $42,500
Loan: $383K
P&I: $2,418
Tax: $262
Insurance: $175
PMI: $223
20% Down (No PMI)
$2,586/mo
Down: $85,000
Loan: $340K
P&I: $2,149
Tax: $262
Insurance: $175
Income needed (28% rule): $111K/year with 20% down, $132K/year with 10% down.
Rent vs Buy in Polson
Rent
$1,350/mo
vs
Buy (10% down)
$3,078/mo
Price-to-rent ratio: 26.2 — At a ratio above 20, renting may be more economical in Polson for shorter stays. Buying costs $1,728 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 Polson is $425,000, roughly in line with the Montana state median of $430,000. With a population of 5,043, Polson 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 $425,000 home in Polson would carry roughly $262/month in property taxes. Homeowners insurance in Montana runs approximately $2,100 per year. This is within the normal range nationally.
Average rent in Polson is $1,350/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.
Polson is a higher-cost market. At $425K 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 Polson.