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Elkhorn

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

Median Home$353,700
Median Rent$941/month
Population14
Leading IndustriesInformation & Media · Finance & Insurance · Construction12% information & media
Home Value Growth+7.4% over 2 years
Young Adults26% of residents
Homeowners80% of occupied units
Elkhorn
MT

Frequently Asked Questions

What are today's mortgage rates in Elkhorn?

As of today, the 30-year fixed mortgage rate for Elkhorn is approximately 6.865% (6.900% 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 Elkhorn?

The median home value in Elkhorn 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 Elkhorn?

Home values in Elkhorn 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 Elkhorn?

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 Elkhorn is $80k/year.

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What industries drive the economy in Elkhorn?

The largest employment sectors in Elkhorn are public administration (22%) and information and media (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.