Buying a Home in Montana? See How Prices Compare to the Rest of the U.S.

Montana's housing market has been discussed a lot since the pandemic. We have seen sale prices soar and the cost of property taxes go up with them.

Montana has been one of the more popular states for relocation. More recently, it looks like that popularity is starting to wane.

Read More: Looks Like Montana's Popularity For Relocating is Down

Over the past few years, there has been talk about the cost of living, specifically in some areas like Bozeman and Missoula.

Read More: Is Missoula the Next San Francisco With Little Affordable Housing 

Even though I am not a realtor, I can imagine that one of the most common questions about housing is "how much house can you get for the price?" According to GoBankingRates.com, they have compiled the average size of home you can get for $300,000, $400,000, and $500,000 across the country.

Montana Ranks 22nd For Price of Homes

Montana is close to the middle of the country when it comes to how much house you get for the money, ranking twenty-second on the list of the fifty states, with a home price of on-average $190 per-square foot. The breakdown shows how much home you can get for the money:

• $300,000 can get you a 1,583 square foot home
• $400,000 can get you a 2,111 square foot home
• $500,000 can get you a 2,638 square foot home

The cheapest state for purchasing a home in the U.S. is West Virginia. It is the lone state where you can get a home with over 2,000 square feet for $300,000. Following West Virginia is Kansas, Alabama, Mississippi and Oklahoma.

The five most expensive states for a home are New Jersey, New York, California, Massachusetts, and the most expensive being Hawaii. In Hawaii the average price per square foot for a home is $678. A $500,000 home may get you only 738 square feet.

This information is state-wide. There are places in Montana where you are going to be spending a lot more than $190 per-square-foot. There are also places where you may be spending less than that around the state.