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Lake County Housing Market

Montana · 56 counties · Ranked #2852 in home value

Above National Avg

Housing at a Glance

Median Home Value

$369,200

vs national+$369,200 vs $281,900 national

Median Gross Rent

$884/mo

vs national$884 vs $1,163 national

Effective Tax Rate

0.66%

vs national0.66% vs 1.02% national

Median Household Income

$61,965

vs national$61,965 vs $74,755 national

Affordability Ratio

Home value ÷ income. <3 = affordable, >5 = expensive.

Rent Burden

25.0%

% of income spent on rent. >30% = burdened.

More Housing Data

Property Tax (Median)

$2,436

Tax as % of Home Value

0.66%

Monthly Owner Cost

$1,012

Renter Income

$38,817

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Similar Counties by Home Value

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Frequently Asked Questions

What is the median home value in Lake County?

The median home value in Lake County is $369,200. This is above the national median of $281,900.

How much is rent in Lake County?

The median gross rent in Lake County is $884 per month.

What is the property tax rate in Lake County?

The effective property tax rate in Lake County is 0.66%. The median annual property tax bill is $2,436.

Is Lake County affordable?

With a home-value-to-income ratio of 6x, Lake County is considered expensive compared to the recommended 3-4x guideline.

Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.