MT

Montana Home Buying Guide

West Region · Non-Judicial Foreclosure State

No Transfer Tax

Key Facts at a Glance

Median Home Price
$430,000
Property Tax Rate
0.84%
Transfer Tax
None
Attorney Required
No
Foreclosure Type
Non-Judicial

What Makes Montana Unique

No transfer tax

Bozeman/Missoula have seen rapid price appreciation

Large rural areas eligible for USDA zero-down loans

First-Time Buyer Programs in Montana

1

MBOH Bond Advantage

Contact your state housing finance agency for current eligibility and rates

2

MBOH BOND Program

Contact your state housing finance agency for current eligibility and rates

3

USDA Rural Loans

Contact your state housing finance agency for current eligibility and rates

Program availability, income limits, and interest rates change frequently. Verify current terms with your lender or state housing finance agency.

Closing Costs in Montana

0.9%
Avg Closing Costs
of purchase price
$3,870
Estimated Closing Costs
on median-priced home
None
Transfer Tax
no transfer tax!

Attorney at Closing

Attorney Not Required

Montana does not require an attorney at closing. A title company typically handles the transaction. Consider hiring one anyway for complex deals.

Local Tips for Montana Buyers

1

Bozeman is one of the fastest-appreciating markets in the West.

2

Rural properties may need well/septic inspections.

3

MBOH rates are often 0.5–1% below conventional market rates.

Estimated Annual Ownership Cost in Montana

Based on the median home price of $430,000 with a 10% down payment and 7% mortgage rate.

Annual Mortgage Payment$30,883
Annual Property Taxes$3,612
Homeowners Insurance (est.)$2,150
Maintenance (est. 1%/yr)$4,300

Ready to Calculate Your Numbers?

Use our free calculators to estimate your monthly payment, affordability, and closing costs in Montana.