Total monthly cost of ownership
Cost to Own a Home in Eureka, Montana
A $172,000 home here costs
$1,348per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $884. The real number is $464 higher every month — 52% 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.
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 $132 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
Common questions
How much does it cost to own a home in Eureka?
A $172,000 home in Eureka, Montana costs approximately $1,348 per month with 20% down at 6.66%. That is $884 principal and interest, $61 property tax, $59 homeowners insurance, $200 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 $1,348 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 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.