Total monthly cost of ownership
Cost to Own a Home in Dillon, Montana
A $238,000 home here costs
$1,966per 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 $84,000 a year.
A standard mortgage calculator would have told you $1,298. The real number is $668 higher every month, 51% more than the payment most buyers budget for.
Compare Beaverhead County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Dillon from a five-year rolling sample, and with about 4,020 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 Beaverhead 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.
Dillon against Beaverhead County and Montana
| Measure | Dillon | Beaverhead County |
|---|---|---|
| Median home value | $237,500 | $282,000 |
| Median property tax | $2,240 | $1,876 |
| Effective tax rate | 0.943% | 0.665% |
| Median gross rent | $821 | $800 |
| Population | 4,020 | 9,590 |
The weather behind that power bill
Dillon sits in Beaverhead County, which averages a high of 80.9°F in its hottest month and a low of 6.5°F in its coldest, with 10.09" of precipitation a year and 44% of it in a single three-month stretch. That climate drives 35 cooling and 9,590 heating degree days, which is what sets the $133 electricity line above.
See the full climate breakdown for Beaverhead County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Beaverhead County
No other places of this size are published in Beaverhead County.
Full Beaverhead County cost breakdown · Every county in Montana
Talk to someone who works this market
These are Dillon 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 Dillon every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Dillon I already own here and may sell
Common questions
How much does it cost to own a home in Dillon?
A $238,000 home in Dillon, Montana costs approximately $1,966 per month with 20% down at 7.24%. That is $1,298 principal and interest, $187 property tax, $82 homeowners insurance, $201 utilities and $198 set aside for maintenance.
What is the property tax rate in Dillon?
Dillon has an effective property tax rate of 0.943%, based on a median home value of $237,500 and median real estate taxes of $2,240. That is higher than the Beaverhead County average of 0.665%.
What is the average home price in Dillon?
The median owner-occupied home value in Dillon, Montana is $237,500, against $282,000 across Beaverhead County.
Is it cheaper to rent or buy in Dillon?
Median gross rent in Dillon is $821 a month, against $1,966 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 Dillon?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Dillon, Montana at today's rate takes a household income of roughly $84,000 a year. That covers the full $1,966 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Dillon, 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.