Total monthly cost of ownership
Cost to Own a Home in Cut Bank, Montana
A $161,000 home here costs
$1,329per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $828. The real number is $501 higher every month — 61% 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.
Cut Bank against Glacier County and Montana
| Measure | Cut Bank | Glacier County |
|---|---|---|
| Median home value | $161,400 | $153,400 |
| Median property tax | $1,344 | $1,246 |
| Effective tax rate | 0.833% | 0.812% |
| Median gross rent | $921 | $553 |
| Population | 3,040 | 13,713 |
The weather behind that power bill
Cut Bank sits in Glacier County, which averages a high of 73.4°F in its hottest month and a low of 14.5°F in its coldest, with 26.09" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 21 cooling and 9,283 heating degree days, which is what sets the $132 electricity line above.
See the full climate breakdown for Glacier County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Glacier County
Full Glacier County cost breakdown · Every county in Montana
Common questions
How much does it cost to own a home in Cut Bank?
A $161,000 home in Cut Bank, Montana costs approximately $1,329 per month with 20% down at 6.66%. That is $828 principal and interest, $112 property tax, $55 homeowners insurance, $200 utilities and $134 set aside for maintenance.
What is the property tax rate in Cut Bank?
Cut Bank has an effective property tax rate of 0.833%, based on a median home value of $161,400 and median real estate taxes of $1,344. That is higher than the Glacier County average of 0.812%.
What is the average home price in Cut Bank?
The median owner-occupied home value in Cut Bank, Montana is $161,400, against $153,400 across Glacier County.
Is it cheaper to rent or buy in Cut Bank?
Median gross rent in Cut Bank is $921 a month, against $1,329 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 Cut Bank — 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.