How much house can I afford on $40,000 in Montana?
About $145,000 with 20% down ($115,000 with an FHA loan), using Montana's 0.69% property tax rate.
That is $322,709 less than the typical Montana home ($467,275), so on $40,000 you'd look at cheaper areas or a smaller home. The payment of $933 covers $778 principal and interest, $83 property tax and $72 insurance.
Counties in Montana you can afford on $40,000
1 of 56 counties have a typical home value at or below $145,000:
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Prairie County | $126,753 | +2.9% | 0.84% |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.69% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Other salaries in Montana
Frequently asked questions
How much house can I afford on $40,000 in Montana?
About $145,000 with 20% down at 7.11%, keeping the payment (with Montana's 0.69% property tax and insurance) under $933 a month.
Is $40,000 enough to buy a house in Montana?
Not the typical home: the typical Montana home is worth $467,275 (Zillow, September 2026) and $40,000 supports about $145,000. 1 of 56 counties are within budget.