Total monthly cost of ownership
Cost to Own a Home in Eureka, Montana
A $172,000 home here costs
$1,402per 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 $60,000 a year.
A standard mortgage calculator would have told you $938. The real number is $465 higher every month, 50% more than the payment most buyers budget for.
Compare Lincoln County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Eureka from a five-year rolling sample, and with about 2,009 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 Lincoln 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.
Eureka against Lincoln County and Montana
| Measure | Eureka | Lincoln County |
|---|---|---|
| Median home value | $172,300 | $258,700 |
| Median property tax | $737 | $1,499 |
| Effective tax rate | 0.428% | 0.579% |
| Median gross rent | $1,012 | $810 |
| Population | 2,009 | 20,656 |
The weather behind that power bill
Eureka sits in Lincoln County, which averages a high of 89.5°F in its hottest month and a low of 21.5°F in its coldest, with 19.15" of precipitation a year and 35% of it in a single three-month stretch. That climate drives 379 cooling and 6,774 heating degree days, which is what sets the $133 electricity line above.
See the full climate breakdown for Lincoln County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Lincoln County
Full Lincoln County cost breakdown · Every county in Montana
Talk to someone who works this market
These are Eureka 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 Eureka every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Eureka I already own here and may sell
Common questions
How much does it cost to own a home in Eureka?
A $172,000 home in Eureka, Montana costs approximately $1,402 per month with 20% down at 7.24%. That is $938 principal and interest, $61 property tax, $59 homeowners insurance, $201 utilities and $143 set aside for maintenance.
What is the property tax rate in Eureka?
Eureka has an effective property tax rate of 0.428%, based on a median home value of $172,300 and median real estate taxes of $737. That is lower than the Lincoln County average of 0.579%.
What is the average home price in Eureka?
The median owner-occupied home value in Eureka, Montana is $172,300, against $258,700 across Lincoln County.
Is it cheaper to rent or buy in Eureka?
Median gross rent in Eureka is $1,012 a month, against $1,402 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 Eureka?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Eureka, Montana at today's rate takes a household income of roughly $60,000 a year. That covers the full $1,402 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Eureka, 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.