Total monthly cost of ownership
Cost to Own a Home in Pray, Montana
A $601,000 home here costs
$4,212per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $3,090. The real number is $1,122 higher every month — 36% 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.
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 $132 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
Common questions
How much does it cost to own a home in Pray?
A $601,000 home in Pray, Montana costs approximately $4,212 per month with 20% down at 6.66%. That is $3,090 principal and interest, $214 property tax, $207 homeowners insurance, $200 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.
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.