Mortgage Rates in Miles City, Montana — March 2026
Updated March 2026 | Based on Miles City market data and regional lending conditions
Miles City is a growing city in Montana with a population of 8,647. The current 30-year fixed mortgage rate in Miles City is 6.88%, which is 0.23% above the national average. With a median home price of $303,000 and a 20% down payment of $60,600, homebuyers can expect a monthly principal and interest payment of approximately $1,593.
Current Mortgage Rates in Miles City, MT
Below are the current average mortgage rates available in the Miles City 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 | 6.88% | 6.65% | +0.23% |
| 15-Year Fixed | 6.09% | 5.89% | +0.2% |
| 5/1 ARM | 6.33% | 6.15% | +0.18% |
| FHA | 6.56% | 6.25% | +0.31% |
| VA | 6.31% | 6.05% | +0.26% |
| Jumbo | 7.13% | 6.85% | +0.28% |
Miles City Housing Market Overview
The Miles City housing market reflects moderate demand with prices near the national average. The median household income in Miles City is $52,300, and the cost of living index is 91.6 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $76,800 to comfortably afford the median-priced home in Miles City, which exceeds the current median household income.
Monthly Payment Breakdown for Miles City
Based on the median home price of $303,000 with 20% down ($60,600), here is what you can expect to pay monthly in Miles City:
15-Year vs. 30-Year Mortgage in Miles City
Choosing a 15-year mortgage in Miles City at 6.09% instead of a 30-year at 6.88% would save you $203,220 in total interest over the life of the loan. However, your monthly payment would be $2,057 instead of $1,593 — an increase of $464 per month.
Calculate Your Miles City 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 Miles City
What are the current mortgage rates in Miles City, MT?
As of March 2026, the average 30-year fixed mortgage rate in Miles City, Montana is 6.88%, while the 15-year fixed rate is 6.09%. FHA loans average 6.56% and VA loans 6.31%. These rates are 0.23% above the national average of 6.65%.
How much is a monthly mortgage payment in Miles City?
Based on the median home price of $303,000 with 20% down, the estimated monthly mortgage payment in Miles City is $1,593 for principal and interest. Including property taxes of $199/month, the total monthly housing cost is approximately $1,792.
What income do I need to buy a home in Miles City?
Using the 28% rule, you would need an annual income of approximately $76,800 to afford the median-priced home in Miles City at $303,000. The median household income in Miles City is $52,300. This means most households would need to either earn above the median or consider homes below $303,000.
Is Miles City a good place to buy a home in 2026?
Miles City offers a below-average cost of living with a cost of living index of 91.6 (national average = 100). The property tax rate in Montana is 0.79%, which is below the national average. Miles City has a population of 8,647 and offers a very affordable 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 Miles City, Montana area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.