For many middle-class Americans, the dream of homeownership is becoming increasingly difficult due to rising home prices.
While Montana remains a place where homeownership is still attainable, finding an affordable home is becoming much more difficult compared to other popular states.
In fact, while a middle-class family can still afford a rather sizeable home based on their income, the Treasure State is should think about renaming itself to the “Hidden Treasure” state.
Affordable Home Prices Compared to Income
Currently, the median home price in Montana is $613,375, which, although high by some standards, remains within reach for some middle-class Americans living in the area, namely those in the upper middle-class.
According to SmartAsset analysis of 2023 income data from the U.S. Census Bureau, the median household income of a middle class resident is $70,804.
Mortgage calculations show that Montanans with a monthly income of about $5,900 can afford a mortgage of up to $1,770, this gives them a home price range of approximately $353,843.08. This budget is well below the median home price, but that’s where knowing the area becomes viral.
It’s also important to keep in mind that this price has gone up given the amount of second homes purchased in the last decade. Lots of people hoping to get in on that “Yellowstone” lifestyle.
Expanding Housing Choices Outside Major Cities
While Bozeman, Helena, and Missoula are most sought after destinations in Montana, the state offers numerous options in smaller towns and rural areas. Homes in these areas are generally more affordable, allowing buyers to get more for their money.
For example, While Billings provides a blend of affordability—houses have a median sale price of $369.9K—and lifestyle benefits, especially for buyers who want a taste of city life, surrounded by the natural beauty of the Yellowstone River.
Rural Montana, in particular, offers great value with lower home prices, more land, and quieter communities—appealing to those seeking space and simplicity without the financial burden. Great Falls, named one of the best places to live in Montana in 2025, is a a great option. The median house price sold was $369.9K, falling right in line with what a middle-class Montanan can afford. Plus, there’s plenty outdoor activities to enjoy, with over 60 parks and 52 miles of River’s Edge Trail along the scenic Missouri River. Plus
Scenic Beauty and the Montana Lifestyle
Beyond affordability, Montana is renowned for its breathtaking landscapes. With rugged mountains, open prairies, and iconic national parks, the state is a haven for outdoor enthusiasts. Whether it’s hiking, skiing, fishing, or simply enjoying the views, Montana offers a lifestyle that’s hard to match elsewhere.
Its low population density and slower pace of life make it especially appealing for families and individuals looking to escape urban sprawl. From cabins to family homes on expansive plots, Montana delivers lifestyle and location without sacrificing affordability.
