Montana Real Estate: Buying VS Renting

I've lived in Montana for years.

The first time I moved here, the rent was somewhat reasonable. I had a nice one-bed/one bath apartment in Missoula, and I believe I paid right around 700 dollars a month. When I moved back with my wife 4 years ago, we moved to Bozeman, and the rent on our 2-bed/one bath apartment was right around 2100 a month.

Ten Best Towns To Raise A Family In Montana

Montana is a great place for those looking to raise a family. So which towns are the best? According to the folks at Niche, some Montana towns stand out a little more than others when it comes to the best places to start and raise a family in The Treasure State.

Gallery Credit: Derek Wolf

How much does it cost to live in Montana?

According to WalletHub, Montana is the 9th highest state to call home when it comes to money spent on home ownership. The average Montanan spends almost a third of their income (31.96%) of their salary on owning a home.

Source: WalletHub

However, when it comes to renting, we tend to get a bit of a break. According to the data, Montanans are spending about 27 percent of their income. So, is it cheaper to buy or rent?

Well, while the numbers may seem like renting is a better option, we all know that when you rent, you're paying off someone's mortgage as opposed to homeowners who are paying off theirs.

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One of the biggest fears of many potential buyers is "what if the market drops?" We're seeing houses selling for more than double what they were valued just a few years ago, so what if you buy a house and everything crashes? It's a genuine concern. I mean, who wants to spend 800 thousand dollars on a 375 thousand dollar house?

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What do you think? In the current economy, is it better to rent or buy in Montana? Let us know by sending us a message through our app.

Top 10 Best Cities In The Mountain West Region

For those who love big skies, mountains, clear streams and lakes, and all 4 seasons, living in the Mountain West Region is the perfect place to call home. So, which cities are best to enjoy all the Mountain West has to offer? We take a look at the Top 10.

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Montana's Safest Towns Revealed

When it comes to safety, some Montana towns are better than others. While bigger towns like Billings get a bad rap for their high crime rate, what about the safest places to live in Big Sky Country? One source has released the 5 Safest places in Montana to call home.

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What's The Worst Thing About Living In Montana?

Montana is known as "The Last Best Place", and for many, that's a true statement. However, Montana isn't for everyone, and if you're living outside of Big Sky Country and considering making the move, there's a few things you should know before you decide to pack up, put the house for sale, and schedule that moving truck.

We asked ChatGPT what is the worst thing about living in Montana and the popular website came back with several answers, which you can find below.

Gallery Credit: Derek Wolf