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New Report Fall 2026 Housing Affordability Report: every state is less affordable than in late August as average 30-year mortgage rates passed 7%. Read the report

Hot Springs, MT Housing Affordability Index

Hot Springs, Montana has an MBR Housing Affordability Index score of 86.4 (Moderately Less Affordable) as of October 30, 2026, ranking 176th most affordable of 217 scored Montana cities, compared with 92.8 statewide and 97.4 nationally. On a median-priced $150,900 home with 20% down, the Montana average 30-year fixed rate of 7.26% means a monthly principal and interest payment of about $824, or 46% of the city’s $21,300 median household income.

The MBR Housing Affordability Index (MBR-HAI) for Hot Springs is updated every night from live Montana mortgage rates and U.S. Census Bureau income, home value and housing cost data for the city. A score of 100 equals the national average; higher scores mean homeownership is more affordable.

Hot Springs MBR-HAI 86.4 Moderately Less Affordable
Rank in Montana 176 of 217 1 = most affordable
Montana 92.8 Statewide score
National 97.4 100 = baseline
Avg 30-yr rate 7.26% Montana lenders
Median home value $150,900 U.S. Census Bureau

Hot Springs is 6.4 points below the Montana score. Scores as of October 30, 2026. See the Montana index

View Hot Springs Mortgage Rates

What It Takes to Buy in Hot Springs

$824/mo
Principal & Interest
Median home, 20% down, 7.26%
$35,300
Income Needed
To keep the payment at 28% of income
$21,300
Median Household Income
Montana: $72,509
7.1x
Price-to-Income Ratio
Montana: 5.2x
$450/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$1,203/yr
Median Property Tax
0.80% of median value
40.7%
Owner Cost Burden
Owners spending 30%+ of income on housing
67.7%
Renter Cost Burden
Renters spending 30%+ of income on rent

Source: U.S. Census Bureau American Community Survey 5-Year Estimates (2024) for Hot Springs, Montana. The rate is the Montana average 30-year fixed rate from MonitorBankRates, since lenders publish rates by state.

Cite the Hot Springs Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Hot Springs, Montana score: 86.4 (Moderately Less Affordable), ranked 176 of 217 Montana cities. monitorbankrates.com/housing-affordability-index/montana/hot-springs”