Total monthly cost of ownership
Cost to Own a Home in Wolf Point, Montana
A $125,000 home here costs
$1,172per 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 $50,000 a year.
A standard mortgage calculator would have told you $681. The real number is $491 higher every month, 72% more than the payment most buyers budget for.
Compare Roosevelt County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Wolf Point from a five-year rolling sample, and with about 2,604 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 Roosevelt 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.
Wolf Point against Roosevelt County and Montana
| Measure | Wolf Point | Roosevelt County |
|---|---|---|
| Median home value | $124,600 | $119,400 |
| Median property tax | $1,711 | $1,535 |
| Effective tax rate | 1.373% | 1.286% |
| Median gross rent | $730 | $707 |
| Population | 2,604 | 10,665 |
The weather behind that power bill
Wolf Point sits in Roosevelt County, which averages a high of 83.6°F in its hottest month and a low of -0.1°F in its coldest, with 14.19" of precipitation a year and 54% of it in a single three-month stretch. That climate drives 332 cooling and 9,210 heating degree days, which is what sets the $133 electricity line above.
See the full climate breakdown for Roosevelt County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Roosevelt County
No other places of this size are published in Roosevelt County.
Full Roosevelt County cost breakdown · Every county in Montana
Talk to someone who works this market
These are Wolf Point 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 Wolf Point every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Wolf Point I already own here and may sell
Common questions
How much does it cost to own a home in Wolf Point?
A $125,000 home in Wolf Point, Montana costs approximately $1,172 per month with 20% down at 7.24%. That is $681 principal and interest, $143 property tax, $43 homeowners insurance, $201 utilities and $104 set aside for maintenance.
What is the property tax rate in Wolf Point?
Wolf Point has an effective property tax rate of 1.373%, based on a median home value of $124,600 and median real estate taxes of $1,711. That is higher than the Roosevelt County average of 1.286%.
What is the average home price in Wolf Point?
The median owner-occupied home value in Wolf Point, Montana is $124,600, against $119,400 across Roosevelt County.
Is it cheaper to rent or buy in Wolf Point?
Median gross rent in Wolf Point is $730 a month, against $1,172 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 Wolf Point?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Wolf Point, Montana at today's rate takes a household income of roughly $50,000 a year. That covers the full $1,172 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Wolf Point, 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.