Total monthly cost of ownership
Cost to Own a Home in Ronan, Montana
A $202,000 home here costs
$1,603per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,038. The real number is $565 higher every month — 54% 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.
Ronan against Lake County and Montana
| Measure | Ronan | Lake County |
|---|---|---|
| Median home value | $201,700 | $369,200 |
| Median property tax | $1,520 | $2,436 |
| Effective tax rate | 0.754% | 0.660% |
| Median gross rent | $798 | $884 |
| Population | 1,962 | 32,073 |
The weather behind that power bill
Ronan sits in Lake County, which averages a high of 82.8°F in its hottest month and a low of 22.0°F in its coldest, with 15.01" of precipitation a year and 39% of it in a single three-month stretch. That climate drives 295 cooling and 7,130 heating degree days, which is what sets the $132 electricity line above.
See the full climate breakdown for Lake County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Lake County
Common questions
How much does it cost to own a home in Ronan?
A $202,000 home in Ronan, Montana costs approximately $1,603 per month with 20% down at 6.66%. That is $1,038 principal and interest, $127 property tax, $70 homeowners insurance, $200 utilities and $168 set aside for maintenance.
What is the property tax rate in Ronan?
Ronan has an effective property tax rate of 0.754%, based on a median home value of $201,700 and median real estate taxes of $1,520. That is higher than the Lake County average of 0.660%.
What is the average home price in Ronan?
The median owner-occupied home value in Ronan, Montana is $201,700, against $369,200 across Lake County.
Is it cheaper to rent or buy in Ronan?
Median gross rent in Ronan is $798 a month, against $1,603 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 Ronan — 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.