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Butte-Silver Bow (balance)

Learn about the people, housing, costs and businesses in Butte-Silver Bow (balance), Montana

Median Home$257,454
Median Rent$900/month
Population35,131
Leading IndustriesManufacturing · Transportation · Public Administration2% manufacturing
Home Value Growth⬆⬆+20.1% over 2 years
Young Adults29% of residentsslightly above average
Homeowners70% of occupied units
NotableVeteran Community10% of residents · top 14% nationally
Butte-Silver Bow (balance)
MT

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Frequently Asked Questions

What are today's mortgage rates in Butte-Silver Bow (balance)?

As of today, the 30-year fixed mortgage rate for Butte-Silver Bow (balance) is approximately 6.959% (6.997% 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 Butte-Silver Bow (balance)?

The median home value in Butte-Silver Bow (balance) is $257k. The median monthly rent is $900. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Butte-Silver Bow (balance)?

Home values in Butte-Silver Bow (balance) have increased 20.1% over the past two years. This indicates a strong appreciation trend. 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 Butte-Silver Bow (balance)?

Based on a typical all-in ownership cost of $899/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $39k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Butte-Silver Bow (balance) is $60k/year.

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What industries drive the economy in Butte-Silver Bow (balance)?

The largest employment sectors in Butte-Silver Bow (balance) are public administration (26%) and wholesale trade (7%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.