Total monthly cost of ownership
Cost to Own a Home in Valley County, Montana
A $199,000 home here costs
$1,671per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,023. The real number is $648 higher every month — 63% 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.
How Valley County compares
Valley County ranks 971st of 3,133 US counties by effective property tax rate, meaning property taxes here are lower than in 2,162 counties and higher than in 970. Within Montana it ranks 5th of 56.
The numbers behind this page
| Measure | Valley County | Source |
|---|---|---|
| Median home value | $198,600 | ACS B25077 |
| Median real estate taxes paid | $2,185 | ACS B25103 |
| Effective property tax rate | 1.100% | Derived |
| Median gross rent | $769 | ACS B25064 |
| Occupied housing units | 2,958 | ACS B25003 |
| Population | 7,540 | ACS B01003 |
| Residential electricity price | 14.67¢/kWh | EIA 5.6.A |
| 30-year fixed mortgage rate | 6.66% | Freddie Mac PMMS |
Other counties in Montana
Compare the cost of the same home elsewhere in the state.
Questions about owning here
What is the property tax rate in Valley County?
The effective property tax rate in Valley County, Montana is 1.100% of home value per year. On the county's median home value of $198,600, that works out to about $2,185 annually, or $182 per month.
How much does it cost to own a home in Valley County?
A $199,000 home in Valley County, Montana costs approximately $1,671 per month with 20% down at 6.66%. That breaks down as $1,023 principal and interest, $182 property tax, $100 insurance, $200 utilities and $166 set aside for maintenance.
Why is this higher than the payment my lender quoted?
Lender quotes usually show principal and interest only, and sometimes property tax and insurance. They almost never include electricity, water or a maintenance reserve. Here those add about $366 a month, which is why the real cost is 63% above the mortgage payment alone.
Is it cheaper to rent in Valley County?
Median gross rent in Valley County, Montana is $769 per month, compared with $1,671 to own the median home outright. Renting is cheaper month to month, though rent does not build equity and is not fixed for 30 years.
How much is the electric bill in Valley County?
Montana residential electricity averages 14.67¢ per kWh. At the US average household usage of 899 kWh per month, that is about $132. Actual bills vary considerably with house size, insulation and climate.
Sources & methodology
- Median home value, real estate taxes paid, gross rent, occupied units and population — US Census Bureau, American Community Survey ACS 2023 5-Year, tables B25077, B25103, B25064, B25003, B01003.
- Effective property tax rate — median real estate taxes paid divided by median home value.
- Mortgage rate — Freddie Mac PMMS, updated weekly.
- Residential electricity price — US Energy Information Administration, Electric Power Monthly, Table 5.6.A.
- Homeowners insurance (0.60%/yr), maintenance (1%/yr) and water and sewer ($68/mo) are modelled national estimates, not quoted figures. Every one is editable above.