Total monthly cost of ownership
Cost to Own a Home in Butte-Silver Bow, Montana
A $225,000 home here costs
$1,828per month, all in, with 20% down at today's 6.76% 30-year fixed rate. By the 28% rule that takes a household income of about $78,500 a year.
A standard mortgage calculator would have told you $1,169. The real number is $660 higher every month, 56% more than the payment most buyers budget for.
Compare Silver Bow County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Butte-Silver Bow against Silver Bow County and Montana
| Measure | Butte-Silver Bow | Silver Bow County |
|---|---|---|
| Median home value | $225,100 | $223,500 |
| Median property tax | $2,372 | $2,357 |
| Effective tax rate | 1.054% | 1.055% |
| Median gross rent | $808 | $810 |
| Population | 34,929 | 35,589 |
The weather behind that power bill
Butte-Silver Bow sits in Silver Bow County, which averages a high of 81.3°F in its hottest month and a low of 7.2°F in its coldest, with 12.76" of precipitation a year and 45% of it in a single three-month stretch. That climate drives 83 cooling and 9,129 heating degree days, which is what sets the $129 electricity line above.
See the full climate breakdown for Silver Bow County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Silver Bow County
No other places of this size are published in Silver Bow County.
Full Silver Bow County cost breakdown · Every county in Montana
Talk to someone who works this market
These are Butte-Silver Bow averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Butte-Silver Bow every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Butte-Silver Bow I already own here and may sell
Common questions
How much does it cost to own a home in Butte-Silver Bow?
A $225,000 home in Butte-Silver Bow, Montana costs approximately $1,828 per month with 20% down at 6.76%. That is $1,169 principal and interest, $198 property tax, $77 homeowners insurance, $197 utilities and $188 set aside for maintenance.
What is the property tax rate in Butte-Silver Bow?
Butte-Silver Bow has an effective property tax rate of 1.054%, based on a median home value of $225,100 and median real estate taxes of $2,372. That is in line with the Silver Bow County average of 1.055%.
What is the average home price in Butte-Silver Bow?
The median owner-occupied home value in Butte-Silver Bow, Montana is $225,100, against $223,500 across Silver Bow County.
Is it cheaper to rent or buy in Butte-Silver Bow?
Median gross rent in Butte-Silver Bow is $808 a month, against $1,828 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Butte-Silver Bow?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Butte-Silver Bow, Montana at today's rate takes a household income of roughly $78,500 a year. That covers the full $1,828 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Butte-Silver Bow, 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.