Mortgage Rates in Lewistown, Montana — March 2026
Updated March 2026 | Based on Lewistown market data and regional lending conditions
Lewistown is a growing city in Montana with a population of 5,901. The current 30-year fixed mortgage rate in Lewistown is 6.74%, which is 0.09% above the national average. With a median home price of $308,000 and a 20% down payment of $61,600, homebuyers can expect a monthly principal and interest payment of approximately $1,597.
Current Mortgage Rates in Lewistown, MT
Below are the current average mortgage rates available in the Lewistown 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 | 6.74% | 6.65% | +0.09% |
| 15-Year Fixed | 5.99% | 5.89% | +0.1% |
| 5/1 ARM | 6.25% | 6.15% | +0.1% |
| FHA | 6.5% | 6.25% | +0.25% |
| VA | 6.25% | 6.05% | +0.2% |
| Jumbo | 6.99% | 6.85% | +0.14% |
Lewistown Housing Market Overview
The Lewistown housing market reflects moderate demand with prices near the national average. The median household income in Lewistown is $56,400, and the cost of living index is 90.9 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $76,243 to comfortably afford the median-priced home in Lewistown, which exceeds the current median household income.
Monthly Payment Breakdown for Lewistown
Based on the median home price of $308,000 with 20% down ($61,600), here is what you can expect to pay monthly in Lewistown:
15-Year vs. 30-Year Mortgage in Lewistown
Choosing a 15-year mortgage in Lewistown at 5.99% instead of a 30-year at 6.74% would save you $200,880 in total interest over the life of the loan. However, your monthly payment would be $2,078 instead of $1,597 — an increase of $481 per month.
Calculate Your Lewistown 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 Lewistown
What are the current mortgage rates in Lewistown, MT?
As of March 2026, the average 30-year fixed mortgage rate in Lewistown, Montana is 6.74%, while the 15-year fixed rate is 5.99%. FHA loans average 6.5% and VA loans 6.25%. These rates are 0.09% above the national average of 6.65%.
How much is a monthly mortgage payment in Lewistown?
Based on the median home price of $308,000 with 20% down, the estimated monthly mortgage payment in Lewistown is $1,597 for principal and interest. Including property taxes of $182/month, the total monthly housing cost is approximately $1,779.
What income do I need to buy a home in Lewistown?
Using the 28% rule, you would need an annual income of approximately $76,243 to afford the median-priced home in Lewistown at $308,000. The median household income in Lewistown is $56,400. This means most households would need to either earn above the median or consider homes below $308,000.
Is Lewistown a good place to buy a home in 2026?
Lewistown offers a below-average cost of living with a cost of living index of 90.9 (national average = 100). The property tax rate in Montana is 0.71%, which is below the national average. Lewistown has a population of 5,901 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 Lewistown, Montana area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.