How Expensive Is It To Buy A House In Montana

One of the great things about living in America is the opportunity to fulfill the American Dream.

For many, that includes purchasing and owning your own home. Homeownership is a big deal. Not only is it the biggest investment that most people will make, but it's also a status symbol. However, in certain states in the country, owning a home is becoming difficult, and it just so happens that Montana is one of them.

We're all aware that home prices have soared in the last few years, and people are paying extraordinary amounts to live in parts of Montana. With areas like Bozeman, Missoula, and Whitefish demanding much higher prices than the state average.

One realtor has released a list of the 10 States where homeownership will be out of reach in the next 5 years, and to no one's surprise, Big Sky Country made the list.

Montana's Top 5 Towns To Call Home

They say "Home is where your heart is", and if your heart is in Big Sky Country, there's a little bit of something for everyone. Whether you're looking for a bigger city feel or a small town, you can find it here in Montana.

So, which Montana towns are the best places to call home? According to one source, 5 towns make the list, and you can find all 5 below.

Gallery Credit: Derek Wolf

Is Montana an affordable place to live?

Utah Realtor Laura Rosqvist released the Top 10 states where homeownership will be out of reach within the next 5 years, and it might not come as a big surprise that the majority of the states making the list are located in the western part of the United States.

So, how did this happen?

Well, COVID is partly to blame. During the pandemic, folks started to relocate, and one of the places they were heading to was Montana. There's also the fact that Montana is an extremely beautiful place and offers tons to do for outdoor enthusiasts. All of this has contributed to the rise of property values, with people asking far more than these properties are worth.

Great news if you're a property owner looking to sell, not so great if you're looking to become a Montana homeowner.

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Check out the Top 10 States Where Homeownership Will Be Out Of Reach In 5 Years and see where Montana ranks on the list below.

10 States Where Owning A Home Will Be Near Impossible In 5 Years

Gallery Credit: Derek Wolf

Top 10 Richest Neighborhoods In Montana

As Montana continues to grow in population, the real estate prices continue to rise. While some parts of the state might still be a bargain, much of Montana is overpriced compared to what many locals can afford. Now, Money Inc. has come out with the richest neighborhoods in Montana, and we have the Top 10 below.

Gallery Credit: Derek Wolf

Montana's Best Resorts For Luxury

For those who are looking for luxury in a rustic setting, Montana offers some of the most wonderful Resorts in the world. Straight out of an episode of "Lifestyles of the Rich and Famous", these 5-Star Resorts offer much more than a bed and a roof over your head. They are the definition of the finer things in life.

Gallery Credit: Derek Wolf