Total monthly cost of ownership
Cost to Own a Home in Glasgow, Montana
A $206,000 home here costs
$1,710per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,059. The real number is $651 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.
Glasgow against Valley County and Montana
| Measure | Glasgow | Valley County |
|---|---|---|
| Median home value | $206,000 | $198,600 |
| Median property tax | $2,498 | $2,185 |
| Effective tax rate | 1.213% | 1.100% |
| Median gross rent | $794 | $769 |
| Population | 3,194 | 7,540 |
The weather behind that power bill
Glasgow sits in Valley County, which averages a high of 84.5°F in its hottest month and a low of 5.7°F in its coldest, with 11.77" of precipitation a year and 56% of it in a single three-month stretch. That climate drives 486 cooling and 8,452 heating degree days, which is what sets the $132 electricity line above.
See the full climate breakdown for Valley County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Valley County
No other places of this size are published in Valley County.
Common questions
How much does it cost to own a home in Glasgow?
A $206,000 home in Glasgow, Montana costs approximately $1,710 per month with 20% down at 6.66%. That is $1,059 principal and interest, $208 property tax, $71 homeowners insurance, $200 utilities and $172 set aside for maintenance.
What is the property tax rate in Glasgow?
Glasgow has an effective property tax rate of 1.213%, based on a median home value of $206,000 and median real estate taxes of $2,498. That is higher than the Valley County average of 1.100%.
What is the average home price in Glasgow?
The median owner-occupied home value in Glasgow, Montana is $206,000, against $198,600 across Valley County.
Is it cheaper to rent or buy in Glasgow?
Median gross rent in Glasgow is $794 a month, against $1,710 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 Glasgow — 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.