Mortgage Rates in Butte, Montana — March 2026
Updated March 2026 | Based on Butte market data and regional lending conditions
Butte is a growing city in Montana with a population of 34,494. The current 30-year fixed mortgage rate in Butte is 6.71%, which is 0.06% above the national average. With a median home price of $215,000 and a 20% down payment of $43,000, homebuyers can expect a monthly principal and interest payment of approximately $1,111.
Current Mortgage Rates in Butte, MT
Below are the current average mortgage rates available in the Butte 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 | 6.71% | 6.65% | +0.06% |
| 15-Year Fixed | 5.95% | 5.89% | +0.06% |
| 5/1 ARM | 6.21% | 6.15% | +0.06% |
| FHA | 6.31% | 6.25% | +0.06% |
| VA | 6.11% | 6.05% | +0.06% |
| Jumbo | 6.91% | 6.85% | +0.06% |
Butte Housing Market Overview
The Butte housing market offers relatively affordable housing compared to many major cities. The median household income in Butte is $42,250, and the cost of living index is 85.5 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $54,000 to comfortably afford the median-priced home in Butte, which exceeds the current median household income.
Monthly Payment Breakdown for Butte
Based on the median home price of $215,000 with 20% down ($43,000), here is what you can expect to pay monthly in Butte:
15-Year vs. 30-Year Mortgage in Butte
Choosing a 15-year mortgage in Butte at 5.95% instead of a 30-year at 6.71% would save you $139,500 in total interest over the life of the loan. However, your monthly payment would be $1,447 instead of $1,111 — an increase of $336 per month.
Calculate Your Butte Mortgage Payment
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Open Free CalculatorFrequently Asked Questions About Mortgages in Butte
What are the current mortgage rates in Butte, MT?
As of March 2026, the average 30-year fixed mortgage rate in Butte, Montana is 6.71%, while the 15-year fixed rate is 5.95%. FHA loans average 6.31% and VA loans 6.11%. These rates are 0.06% above the national average of 6.65%.
How much is a monthly mortgage payment in Butte?
Based on the median home price of $215,000 with 20% down, the estimated monthly mortgage payment in Butte is $1,111 for principal and interest. Including property taxes of $149/month, the total monthly housing cost is approximately $1,260.
What income do I need to buy a home in Butte?
Using the 28% rule, you would need an annual income of approximately $54,000 to afford the median-priced home in Butte at $215,000. The median household income in Butte is $42,250. This means most households would need to either earn above the median or consider homes below $215,000.
Is Butte a good place to buy a home in 2026?
Butte offers a below-average cost of living with a cost of living index of 85.5 (national average = 100). The property tax rate in Montana is 0.83%, which is near the national average. Butte has a population of 34,494 and offers a very affordable lifestyle.
Mortgage Rates in Other Montana Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Butte, Montana area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.