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Basin

Learn about the people, housing, costs and businesses in Basin, Montana

Median Home$353,700
Median Rent$941/month
Population228
Leading IndustriesRetail · Wholesale Trade · Professional Services16% retail
Home Value Growth+7.4% over 2 years
Young Adults26% of residents
Homeowners80% of occupied units
Basin
MT

Frequently Asked Questions

What are today's mortgage rates in Basin?

As of today, the 30-year fixed mortgage rate for Basin is approximately 6.935% (6.973% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Basin?

The median home value in Basin is $354k. The median monthly rent is $941. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Basin?

Home values in Basin have increased 7.4% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Basin?

Based on a typical all-in ownership cost of $1,132/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $49k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Basin is $80k/year.

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What industries drive the economy in Basin?

The largest employment sectors in Basin are public administration (22%) and retail (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.