Mortgage Rates in Anaconda, Montana — March 2026
Updated March 2026 | Based on Anaconda market data and regional lending conditions
Anaconda is a growing city in Montana with a population of 9,153. The current 30-year fixed mortgage rate in Anaconda is 6.7%, which is 0.05% above the national average. With a median home price of $342,000 and a 20% down payment of $68,400, homebuyers can expect a monthly principal and interest payment of approximately $1,765.
Current Mortgage Rates in Anaconda, MT
Below are the current average mortgage rates available in the Anaconda area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.7% | 6.65% | +0.05% |
| 15-Year Fixed | 5.95% | 5.89% | +0.06% |
| 5/1 ARM | 6.22% | 6.15% | +0.07% |
| FHA | 6.48% | 6.25% | +0.23% |
| VA | 6.23% | 6.05% | +0.18% |
| Jumbo | 6.95% | 6.85% | +0.1% |
Anaconda Housing Market Overview
The Anaconda housing market reflects moderate demand with prices near the national average. The median household income in Anaconda is $49,300, and the cost of living index is 98.3 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $84,557 to comfortably afford the median-priced home in Anaconda, which exceeds the current median household income.
Monthly Payment Breakdown for Anaconda
Based on the median home price of $342,000 with 20% down ($68,400), here is what you can expect to pay monthly in Anaconda:
15-Year vs. 30-Year Mortgage in Anaconda
Choosing a 15-year mortgage in Anaconda at 5.95% instead of a 30-year at 6.7% would save you $221,220 in total interest over the life of the loan. However, your monthly payment would be $2,301 instead of $1,765 — an increase of $536 per month.
Calculate Your Anaconda Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Anaconda
What are the current mortgage rates in Anaconda, MT?
As of March 2026, the average 30-year fixed mortgage rate in Anaconda, Montana is 6.7%, while the 15-year fixed rate is 5.95%. FHA loans average 6.48% and VA loans 6.23%. These rates are 0.05% above the national average of 6.65%.
How much is a monthly mortgage payment in Anaconda?
Based on the median home price of $342,000 with 20% down, the estimated monthly mortgage payment in Anaconda is $1,765 for principal and interest. Including property taxes of $208/month, the total monthly housing cost is approximately $1,973.
What income do I need to buy a home in Anaconda?
Using the 28% rule, you would need an annual income of approximately $84,557 to afford the median-priced home in Anaconda at $342,000. The median household income in Anaconda is $49,300. This means most households would need to either earn above the median or consider homes below $342,000.
Is Anaconda a good place to buy a home in 2026?
Anaconda offers a below-average cost of living with a cost of living index of 98.3 (national average = 100). The property tax rate in Montana is 0.73%, which is below the national average. Anaconda has a population of 9,153 and offers a balanced lifestyle.
Mortgage Rates in Other Montana Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Anaconda, Montana area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.