Total monthly cost of ownership
Cost to Own a Home in Belgrade, Montana
A $470,000 home here costs
$3,454per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $2,416. The real number is $1,038 higher every month — 43% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Belgrade against Gallatin County and Montana
| Measure | Belgrade | Gallatin County |
|---|---|---|
| Median home value | $469,600 | $604,900 |
| Median property tax | $3,412 | $3,625 |
| Effective tax rate | 0.727% | 0.599% |
| Median gross rent | $1,582 | $1,574 |
| Population | 11,425 | 122,194 |
The weather behind that power bill
Belgrade sits in Gallatin County, which averages a high of 85.4°F in its hottest month and a low of 9.7°F in its coldest, with 13.43" of precipitation a year and 47% of it in a single three-month stretch. That climate drives 232 cooling and 8,244 heating degree days, which is what sets the $132 electricity line above.
See the full climate breakdown for Gallatin County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Gallatin County
Full Gallatin County cost breakdown · Every county in Montana
Common questions
How much does it cost to own a home in Belgrade?
A $470,000 home in Belgrade, Montana costs approximately $3,454 per month with 20% down at 6.66%. That is $2,416 principal and interest, $285 property tax, $162 homeowners insurance, $200 utilities and $392 set aside for maintenance.
What is the property tax rate in Belgrade?
Belgrade has an effective property tax rate of 0.727%, based on a median home value of $469,600 and median real estate taxes of $3,412. That is higher than the Gallatin County average of 0.599%.
What is the average home price in Belgrade?
The median owner-occupied home value in Belgrade, Montana is $469,600, against $604,900 across Gallatin County.
Is it cheaper to rent or buy in Belgrade?
Median gross rent in Belgrade is $1,582 a month, against $3,454 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Belgrade — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for Montana.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.