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Petroleum County Housing Market

Montana · 56 counties · Ranked #1554 in home value

Below National AvgAffordable

Housing at a Glance

Median Home Value

$173,700

vs national$173,700 vs $281,900 national

Median Gross Rent

$769/mo

vs national$769 vs $1,163 national

Effective Tax Rate

0.73%

vs national0.73% vs 1.02% national

Median Household Income

$59,318

vs national$59,318 vs $74,755 national

Affordability Ratio

2.9x

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

Rent Burden

19.0%

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

More Housing Data

Property Tax (Median)

$1,261

Tax as % of Home Value

0.73%

Monthly Owner Cost

$600

Renter Income

$41,250

Frequently Asked Questions

What is the median home value in Petroleum County?
The median home value in Petroleum County is $173,700. This is below the national median of $281,900.
How much is rent in Petroleum County?
The median gross rent in Petroleum County is $769 per month.
What is the property tax rate in Petroleum County?
The effective property tax rate in Petroleum County is 0.73%. The median annual property tax bill is $1,261.
Is Petroleum County affordable?
With a home-value-to-income ratio of 2.9x, Petroleum County is considered affordable 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.