Total monthly cost of ownership
Cost to Own a Home in Cut Bank, Montana
A $161,000 home here costs
$1,380per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $59,000 a year.
A standard mortgage calculator would have told you $878. The real number is $502 higher every month, 57% more than the payment most buyers budget for.
Compare Glacier County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Cut Bank from a five-year rolling sample, and with about 3,040 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Glacier County figures are drawn from a far larger sample if you want a steadier number.
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 $133 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
Talk to someone who works this market
These are Cut Bank 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 Cut Bank every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Cut Bank I already own here and may sell
Common questions
How much does it cost to own a home in Cut Bank?
A $161,000 home in Cut Bank, Montana costs approximately $1,380 per month with 20% down at 7.24%. That is $878 principal and interest, $112 property tax, $55 homeowners insurance, $201 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 $1,380 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 Cut Bank?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Cut Bank, Montana at today's rate takes a household income of roughly $59,000 a year. That covers the full $1,380 monthly cost, not just the mortgage payment.
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.