Total monthly cost of ownership
Cost to Own a Home in Plentywood, Montana
A $149,000 home here costs
$1,325per 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 $57,000 a year.
A standard mortgage calculator would have told you $812. The real number is $512 higher every month, 63% more than the payment most buyers budget for.
Compare Sheridan County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Plentywood from a five-year rolling sample, and with about 1,677 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 Sheridan 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.
Plentywood against Sheridan County and Montana
| Measure | Plentywood | Sheridan County |
|---|---|---|
| Median home value | $148,800 | $111,600 |
| Median property tax | $1,632 | $1,436 |
| Effective tax rate | 1.097% | 1.287% |
| Median gross rent | $755 | $749 |
| Population | 1,677 | 3,677 |
The weather behind that power bill
Plentywood sits in Sheridan County, which averages a high of 82.3°F in its hottest month and a low of -1.8°F in its coldest, with 14.69" of precipitation a year and 52% of it in a single three-month stretch. That climate drives 296 cooling and 9,573 heating degree days, which is what sets the $133 electricity line above.
See the full climate breakdown for Sheridan County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Sheridan County
No other places of this size are published in Sheridan County.
Full Sheridan County cost breakdown · Every county in Montana
Talk to someone who works this market
These are Plentywood 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 Plentywood every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Plentywood I already own here and may sell
Common questions
How much does it cost to own a home in Plentywood?
A $149,000 home in Plentywood, Montana costs approximately $1,325 per month with 20% down at 7.24%. That is $812 principal and interest, $136 property tax, $51 homeowners insurance, $201 utilities and $124 set aside for maintenance.
What is the property tax rate in Plentywood?
Plentywood has an effective property tax rate of 1.097%, based on a median home value of $148,800 and median real estate taxes of $1,632. That is lower than the Sheridan County average of 1.287%.
What is the average home price in Plentywood?
The median owner-occupied home value in Plentywood, Montana is $148,800, against $111,600 across Sheridan County.
Is it cheaper to rent or buy in Plentywood?
Median gross rent in Plentywood is $755 a month, against $1,325 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 Plentywood?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Plentywood, Montana at today's rate takes a household income of roughly $57,000 a year. That covers the full $1,325 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Plentywood, 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.