Lake County, Montana home prices
Typical home $595,594 · +2.4% in a year · property tax 0.61%
The typical home in Lake County is worth $595,594, 27% more than the Montana typical home ($467,275). Values changed +2.4% in the past year and +25.0% over five years. Homeowners here pay a median 0.61% of their home's value in property tax each year ($3,616 on the typical home), versus 0.69% statewide.
Mortgage on the typical Lake County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $119,119 | $476,475 | $3,205 | $0 | $599 | $3,804 | $163,000 |
| 10% down | $59,559 | $536,034 | $3,606 | $223 | $599 | $4,428 | $189,800 |
| 5% down | $29,780 | $565,814 | $3,806 | $236 | $599 | $4,641 | $198,900 |
| 3.5% down (FHA) | $20,846 | $584,806 | $3,934 | $263 | $599 | $4,797 | $205,600 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.61% 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.
What it takes: see what you can afford by salary in Montana.
Montana counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Ravalli County | $598,423 | +1.7% | 0.5% |
| Park County | $602,767 | +1.8% | 0.56% |
| Missoula County | $569,820 | +1.3% | 0.88% |
| Flathead County | $646,151 | +2.0% | 0.58% |
| Broadwater County | $524,149 | +1.8% | 0.56% |
| Jefferson County | $520,701 | +3.5% | 0.55% |
| Carbon County | $504,796 | +3.7% | 0.54% |
| Gallatin County | $697,762 | +1.1% | 0.59% |
| Stillwater County | $487,371 | +10.8% | 0.57% |
| Sweet Grass County | $481,714 | +10.1% | 0.49% |
Frequently asked questions
What is the average home price in Lake County, MT?
The typical home value in Lake County is $595,594 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Lake County?
About $163,000 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Lake County?
The median effective rate is 0.61% of home value a year (Census ACS 2024 5-year estimates).