Total monthly cost of ownership
Cost to Own a Home in Thompson Falls, Montana
A $182,000 home here costs
$1,465per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $936. The real number is $529 higher every month — 57% 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.
Thompson Falls against Sanders County and Montana
| Measure | Thompson Falls | Sanders County |
|---|---|---|
| Median home value | $182,200 | $323,800 |
| Median property tax | $1,377 | $1,777 |
| Effective tax rate | 0.756% | 0.549% |
| Median gross rent | $575 | $774 |
| Population | 1,568 | 12,936 |
The weather behind that power bill
Thompson Falls sits in Sanders County, which averages a high of 77.9°F in its hottest month and a low of 14.9°F in its coldest, with 22.31" of precipitation a year and 34% of it in a single three-month stretch. That climate drives 27 cooling and 9,042 heating degree days, which is what sets the $132 electricity line above.
See the full climate breakdown for Sanders County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Sanders County
Full Sanders County cost breakdown · Every county in Montana
Common questions
How much does it cost to own a home in Thompson Falls?
A $182,000 home in Thompson Falls, Montana costs approximately $1,465 per month with 20% down at 6.66%. That is $936 principal and interest, $115 property tax, $63 homeowners insurance, $200 utilities and $152 set aside for maintenance.
What is the property tax rate in Thompson Falls?
Thompson Falls has an effective property tax rate of 0.756%, based on a median home value of $182,200 and median real estate taxes of $1,377. That is higher than the Sanders County average of 0.549%.
What is the average home price in Thompson Falls?
The median owner-occupied home value in Thompson Falls, Montana is $182,200, against $323,800 across Sanders County.
Is it cheaper to rent or buy in Thompson Falls?
Median gross rent in Thompson Falls is $575 a month, against $1,465 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 Thompson Falls — 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.