Closing Costs in Gallatin County The Lowest in Montana
If you're in the market for home a new study ranked closing costs as a percentage of median home value. Gallatin County was found to have the lowest closing costs in the state of Montana.
Gallatin County was found to have a 1.1% closing cost as a percentage of home value from a recent study. Ranking second on the list, nearby Jefferson County was found to have a 1.2% closing cost as a percentage of home value.
Closing costs are the charges and fees that are paid when you purchase a home. This can include mortgage insurance, homeowner's insurance, and the property tax for the buyers. The seller traditionally covers ownership transfer fees and real estate commission.
See a full break down of the ranking for the state of Montana in the table below:
| Rank | County | Avg. Closing Costs | Median Home Value | Closing Costs as % of Home Value | Closing Costs Index |
|---|---|---|---|---|---|
| 1 | Gallatin, MT | $3,605 | $330,400 | 1.1% | 91.86 |
| 2 | Jefferson, MT | $3,400 | $277,500 | 1.2% | 89.41 |
| 3 | Missoula, MT | $3,384 | $271,400 | 1.3% | 89.02 |
| 4 | Ravalli, MT | $3,361 | $262,600 | 1.3% | 88.42 |
| 5 | Flathead, MT | $3,352 | $259,400 | 1.3% | 88.19 |
| 6 | Park, MT | $3,343 | $255,700 | 1.3% | 87.92 |
| 7 | Madison, MT | $3,340 | $254,900 | 1.3% | 87.86 |
| 8 | Stillwater, MT | $3,318 | $246,600 | 1.4% | 87.21 |
| 9 | Sweet Grass, MT | $3,307 | $242,100 | 1.4% | 86.85 |
| 10 | Carbon, MT | $3,300 | $239,500 | 1.4% | 86.63 |
If you're in the market for a home, especially if you are a first-time buyer, you don't want to make any mistakes that could cost you getting your dream home. Thanks to Dina Emmert and Your Home Team at Windermere Real Estate, there's a Home Buyer's Guide that will take you through each step of the home buying process. With over a quarter of a century of experience, Dina and her team know the ins & outs of the home buying process.
If you're interested in getting one of these Home Buyer's Guides email Dina Emmert at Dina@Windermere.com.