Mortgage Rates in Missoula, Montana — March 2026
Updated March 2026 | Based on Missoula market data and regional lending conditions
Missoula is a growing city in Montana with a population of 75,516. The current 30-year fixed mortgage rate in Missoula is 6.71%, which is 0.06% above the national average. With a median home price of $475,000 and a 20% down payment of $95,000, homebuyers can expect a monthly principal and interest payment of approximately $2,455.
Current Mortgage Rates in Missoula, MT
Below are the current average mortgage rates available in the Missoula 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% |
Missoula Housing Market Overview
The Missoula housing market reflects moderate demand with prices near the national average. The median household income in Missoula is $52,250, and the cost of living index is 105.5 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $119,314 to comfortably afford the median-priced home in Missoula, which exceeds the current median household income.
Monthly Payment Breakdown for Missoula
Based on the median home price of $475,000 with 20% down ($95,000), here is what you can expect to pay monthly in Missoula:
15-Year vs. 30-Year Mortgage in Missoula
Choosing a 15-year mortgage in Missoula at 5.95% instead of a 30-year at 6.71% would save you $308,520 in total interest over the life of the loan. However, your monthly payment would be $3,196 instead of $2,455 — an increase of $741 per month.
Calculate Your Missoula 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 Missoula
What are the current mortgage rates in Missoula, MT?
As of March 2026, the average 30-year fixed mortgage rate in Missoula, 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 Missoula?
Based on the median home price of $475,000 with 20% down, the estimated monthly mortgage payment in Missoula is $2,455 for principal and interest. Including property taxes of $329/month, the total monthly housing cost is approximately $2,784.
What income do I need to buy a home in Missoula?
Using the 28% rule, you would need an annual income of approximately $119,314 to afford the median-priced home in Missoula at $475,000. The median household income in Missoula is $52,250. This means most households would need to either earn above the median or consider homes below $475,000.
Is Missoula a good place to buy a home in 2026?
Missoula has a moderate cost of living with a cost of living index of 105.5 (national average = 100). The property tax rate in Montana is 0.83%, which is near the national average. Missoula has a population of 75,516 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 Missoula, Montana area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.