Mortgage Rates in Deer Lodge, Montana — March 2026
Updated March 2026 | Based on Deer Lodge market data and regional lending conditions
Deer Lodge is a growing city in Montana with a population of 2,944. The current 30-year fixed mortgage rate in Deer Lodge is 6.64%, which is 0.01% below the national average. With a median home price of $267,000 and a 20% down payment of $53,400, homebuyers can expect a monthly principal and interest payment of approximately $1,370.
Current Mortgage Rates in Deer Lodge, MT
Below are the current average mortgage rates available in the Deer Lodge 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 | 6.64% | 6.65% | -0.01% |
| 15-Year Fixed | 5.9% | 5.89% | +0.01% |
| 5/1 ARM | 6.18% | 6.15% | +0.03% |
| FHA | 6.44% | 6.25% | +0.19% |
| VA | 6.19% | 6.05% | +0.14% |
| Jumbo | 6.89% | 6.85% | +0.04% |
Deer Lodge Housing Market Overview
The Deer Lodge housing market offers relatively affordable housing compared to many major cities. The median household income in Deer Lodge is $52,900, and the cost of living index is 100.8 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $65,400 to comfortably afford the median-priced home in Deer Lodge, which exceeds the current median household income.
Monthly Payment Breakdown for Deer Lodge
Based on the median home price of $267,000 with 20% down ($53,400), here is what you can expect to pay monthly in Deer Lodge:
15-Year vs. 30-Year Mortgage in Deer Lodge
Choosing a 15-year mortgage in Deer Lodge at 5.9% instead of a 30-year at 6.64% would save you $170,820 in total interest over the life of the loan. However, your monthly payment would be $1,791 instead of $1,370 — an increase of $421 per month.
Calculate Your Deer Lodge Mortgage Payment
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Open Free CalculatorFrequently Asked Questions About Mortgages in Deer Lodge
What are the current mortgage rates in Deer Lodge, MT?
As of March 2026, the average 30-year fixed mortgage rate in Deer Lodge, Montana is 6.64%, while the 15-year fixed rate is 5.9%. FHA loans average 6.44% and VA loans 6.19%. These rates are 0.01% below the national average of 6.65%.
How much is a monthly mortgage payment in Deer Lodge?
Based on the median home price of $267,000 with 20% down, the estimated monthly mortgage payment in Deer Lodge is $1,370 for principal and interest. Including property taxes of $156/month, the total monthly housing cost is approximately $1,526.
What income do I need to buy a home in Deer Lodge?
Using the 28% rule, you would need an annual income of approximately $65,400 to afford the median-priced home in Deer Lodge at $267,000. The median household income in Deer Lodge is $52,900. This means most households would need to either earn above the median or consider homes below $267,000.
Is Deer Lodge a good place to buy a home in 2026?
Deer Lodge has a moderate cost of living with a cost of living index of 100.8 (national average = 100). The property tax rate in Montana is 0.7%, which is below the national average. Deer Lodge has a population of 2,944 and offers a balanced 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 Deer Lodge, Montana area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.