Total monthly cost of ownership
Cost to Own a Home in Hamilton, Montana
A $300,000 home here costs
$2,290per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,542. The real number is $747 higher every month — 48% 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.
Hamilton against Ravalli County and Montana
| Measure | Hamilton | Ravalli County |
|---|---|---|
| Median home value | $299,800 | $435,000 |
| Median property tax | $2,328 | $2,303 |
| Effective tax rate | 0.777% | 0.529% |
| Median gross rent | $958 | $1,054 |
| Population | 4,949 | 45,807 |
The weather behind that power bill
Hamilton sits in Ravalli County, which averages a high of 81.8°F in its hottest month and a low of 19.2°F in its coldest, with 15.11" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 178 cooling and 7,589 heating degree days, which is what sets the $132 electricity line above.
See the full climate breakdown for Ravalli County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Ravalli County
Full Ravalli County cost breakdown · Every county in Montana
Common questions
How much does it cost to own a home in Hamilton?
A $300,000 home in Hamilton, Montana costs approximately $2,290 per month with 20% down at 6.66%. That is $1,542 principal and interest, $194 property tax, $103 homeowners insurance, $200 utilities and $250 set aside for maintenance.
What is the property tax rate in Hamilton?
Hamilton has an effective property tax rate of 0.777%, based on a median home value of $299,800 and median real estate taxes of $2,328. That is higher than the Ravalli County average of 0.529%.
What is the average home price in Hamilton?
The median owner-occupied home value in Hamilton, Montana is $299,800, against $435,000 across Ravalli County.
Is it cheaper to rent or buy in Hamilton?
Median gross rent in Hamilton is $958 a month, against $2,290 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 Hamilton — 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.