Philipsburg, MT Housing Affordability Index
Philipsburg, Montana has an MBR Housing Affordability Index score of 73.0 (Moderately Less Affordable) as of October 30, 2026, ranking 209th most affordable of 217 scored Montana cities, compared with 92.8 statewide and 97.4 nationally. On a median-priced $307,600 home with 20% down, the Montana average 30-year fixed rate of 7.26% means a monthly principal and interest payment of about $1,680, or 68% of the city’s $29,773 median household income.
The MBR Housing Affordability Index (MBR-HAI) for Philipsburg 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.
Philipsburg is 19.7 points below the Montana score. Scores as of October 30, 2026. See the Montana index
View Philipsburg Mortgage RatesSee What You Can Afford in Philipsburg, Montana
Use this Philipsburg, Montana home affordability calculator to see how much house you can afford at today’s Montana average 30-year mortgage rate of 7.26%. A household earning the Philipsburg median income of $29,773, with no other debts and $62,000 down, can afford a home of about $143,160, compared with a median home value of $307,600. Buying the median priced home with 20% down takes a household income of about $84,900 once property tax and insurance are counted.
| Loan amount | $81,160 |
| Principal & interest | $554/mo |
| Property tax | $81/mo |
| Home insurance | $60/mo |
| PMI | $0/mo |
| Total monthly payment | $695/mo |
How much house can you afford in Philipsburg?
Most lenders use two limits. Your housing payment, including principal, interest, property tax, homeowners insurance and any PMI, should stay under about 28% of your gross monthly income, and all of your monthly debt payments together should stay under about 36%. The calculator takes whichever limit is lower, then works backward from that payment to the most expensive home it covers at the current rate.
In Philipsburg, property taxes run about 0.68% of a home’s value each year, based on the Census median tax bill, which counts against the same monthly budget as the mortgage. Each quarter point move in mortgage rates changes the price you can afford by roughly $1,733 for a median income household. A larger down payment, paying down other debts, or a lower rate from a local lender all raise your budget.
What It Takes to Buy in Philipsburg
Source: U.S. Census Bureau American Community Survey 5-Year Estimates (2024) for Philipsburg, Montana. The rate is the Montana average 30-year fixed rate from MonitorBankRates, since lenders publish rates by state.
How Philipsburg Ranks in Montana
Cite the Philipsburg Score
Explore Further
Scores update each morning, computed from rate data captured the previous night. Score of 100 = national average at a 6.5% reference rate.
