Total monthly cost of ownership
Cost to Own a Home in Lewistown, Montana
A $160,000 home here costs
$1,359per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $823. The real number is $536 higher every month — 65% 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.
Lewistown against Fergus County and Montana
| Measure | Lewistown | Fergus County |
|---|---|---|
| Median home value | $159,500 | $202,700 |
| Median property tax | $1,772 | $1,709 |
| Effective tax rate | 1.111% | 0.843% |
| Median gross rent | $896 | $868 |
| Population | 6,028 | 11,581 |
The weather behind that power bill
Lewistown sits in Fergus County, which averages a high of 81.6°F in its hottest month and a low of 12.9°F in its coldest, with 17.17" of precipitation a year and 47% of it in a single three-month stretch. That climate drives 229 cooling and 8,177 heating degree days, which is what sets the $132 electricity line above.
See the full climate breakdown for Fergus County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Fergus County
No other places of this size are published in Fergus County.
Common questions
How much does it cost to own a home in Lewistown?
A $160,000 home in Lewistown, Montana costs approximately $1,359 per month with 20% down at 6.66%. That is $823 principal and interest, $148 property tax, $55 homeowners insurance, $200 utilities and $133 set aside for maintenance.
What is the property tax rate in Lewistown?
Lewistown has an effective property tax rate of 1.111%, based on a median home value of $159,500 and median real estate taxes of $1,772. That is higher than the Fergus County average of 0.843%.
What is the average home price in Lewistown?
The median owner-occupied home value in Lewistown, Montana is $159,500, against $202,700 across Fergus County.
Is it cheaper to rent or buy in Lewistown?
Median gross rent in Lewistown is $896 a month, against $1,359 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 Lewistown — 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.