Great Falls, MT mortgage & affordability calculator
The typical home in Great Falls, MT is worth about $260,000.
With 20% down that's a loan near $208,000 — the calculator
is pre-filled with that figure. Malmstrom Air Force Base, home to one of the Air Force's three Minuteman III intercontinental ballistic missile wings, is Great Falls's largest employer and keeps the local economy more insulated from tourism swings than most of Montana.
$1,350.47 / month
Total interest
$278,165
Total paid
$486,165
Payoff
30.0 years
How much you need to earn
Great Falls, MT's median household income is about
$58,000 a year. Under standard 28/36
lending rules that supports a home price around
$207,510 with 20% down —
below the $260,000 typical price, so many buyers need a larger down payment, a co-borrower, or a longer commute.
Typical asking rent in Great Falls, MT is about $1,050 a month, so owning the median home costs roughly
$644 more per month before tax
effects, maintenance, and any change in home value.
Frequently asked questions
What is a typical mortgage payment in Great Falls, MT?
On the metro's roughly $260,000 typical home with 20% down, the loan is about $208,000. Principal and interest run near $1,350 a month at today's rate, and Great Falls, MT's property tax plus insurance add about $344, for a full payment near $1,694.
Can I afford a home in Great Falls, MT on the median income?
The median household income is about $58,000 a year. Under standard 28/36 lending rules that supports a home price around $207,510 with 20% down — below the $260,000 typical price, so buyers often need a larger down payment or a co-borrower.
Is it cheaper to rent or buy in Great Falls, MT?
Typical asking rent is about $1,050 a month. The full owner payment on a median home is near $1,694, so owning costs roughly $644 more per month before tax effects, maintenance, and any appreciation.
How much are property taxes in Great Falls, MT?
The effective property tax rate in the core county is about 0.74% of market value — roughly $1,924 a year on the typical home. Your exact rate depends on the municipality and any exemptions.
Are home prices in Great Falls, MT rising or falling?
Home values are up about 2% over the past year. Malmstrom Air Force Base, home to one of the Air Force's three Minuteman III intercontinental ballistic missile wings, is Great Falls's largest employer and keeps the local economy more insulated from tourism swings than most of Montana.