Total monthly cost of ownership
Cost to Own a Home in Pray, Montana
A $601,000 home here costs
$4,399per 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 $188,500 a year.
A standard mortgage calculator would have told you $3,277. The real number is $1,123 higher every month, 34% more than the payment most buyers budget for.
Compare Park County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Pray from a five-year rolling sample, and with about 1,018 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 Park 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.
Pray against Park County and Montana
| Measure | Pray | Park County |
|---|---|---|
| Median home value | $601,400 | $429,700 |
| Median property tax | $2,572 | $2,454 |
| Effective tax rate | 0.428% | 0.571% |
| Median gross rent | — | $927 |
| Population | 1,018 | 17,484 |
The weather behind that power bill
Pray sits in Park County, which averages a high of 82.4°F in its hottest month and a low of 19.5°F in its coldest, with 16.3" of precipitation a year and 42% of it in a single three-month stretch. That climate drives 240 cooling and 7,278 heating degree days, which is what sets the $133 electricity line above.
See the full climate breakdown for Park County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Park County
Talk to someone who works this market
These are Pray 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 Pray every week. Free, no obligation, and we never sell your details to a list.
Common questions
How much does it cost to own a home in Pray?
A $601,000 home in Pray, Montana costs approximately $4,399 per month with 20% down at 7.24%. That is $3,277 principal and interest, $214 property tax, $207 homeowners insurance, $201 utilities and $501 set aside for maintenance.
What is the property tax rate in Pray?
Pray has an effective property tax rate of 0.428%, based on a median home value of $601,400 and median real estate taxes of $2,572. That is lower than the Park County average of 0.571%.
What is the average home price in Pray?
The median owner-occupied home value in Pray, Montana is $601,400, against $429,700 across Park County.
Is it cheaper to rent or buy in Pray?
Rent data is not published for Pray at this level of detail.
What salary do you need to buy a home in Pray?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Pray, Montana at today's rate takes a household income of roughly $188,500 a year. That covers the full $4,399 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Pray, 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.