How Much Do You REALLY Need to Buy a Home in Montana in 2025?

Montana was a popular spot for people to relocate a few years ago. During the pandemic, Montana saw more people moving to our state than to any other.

Since then, Montana's popularity has been on the decline. We have seen other states overtake us in popularity. A lot of people think that is a good thing.

When we saw our popularity rise, the cost of homes rose along with it. Now that our popularity is on the decline, will home prices decline too?

Related: Looks Like Montana's Popularity For Relocating Is Down

Related: Looks Like Montana Is Stepping Out of the Spotlight

It doesn't look like it. For the time being Montana is still an expensive state to purchase a home. According to Bankrate.com, Montana's housing market is still one of the more expensive in the country.

They crunched the numbers to figure out how much a household needs to make in order to afford to buy a home.

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To be able to afford a typical U.S. home a household will need to be making $116,986 a year. According to their report, that is an almost 50% increase since early 2020. They are basing their numbers on the purchase price of a "typical" home, which is a home "based on the median sale price of $418,489 home".

In 30 states, including Washington D.C., a household needs to be earning six figures to be able to afford a home.

The states where people need to earn the most money to afford a home are Washington D.C.($240,009), Hawaii ($235,638), California ($213,447), Massachusetts ($174,392) and Colorado ($168,643).

In Montana, in order to purchase a typical home, it would take an average household income of $142,316,-more than any of our neighbors.

The most affordable states for purchasing a typical home are West Virginia ($64,179), Iowa ($70,437), and Ohio ($71,080).

For now, Montana is still one of the more expensive states for purchasing a home. There are a lot of people who hope that will change in the future.