Market Overview
Home Prices in Butte, MT
The median home value in Butte, MT is $292,618 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.9% compared to a year ago and up 0.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Butte are priced29% below average. Butte is part of the Butte-Silver Bow, MT metro area.
Over the past five years, Butte home values have risen by approximately45.2%, reflecting strong long-term appreciation in this market.
Price History
Butte Home Price Trend
City Comparison
Butte vs. National Median
At $292,618, homes in Butte cost 29% below the national median of $410,000. This makes Butte a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Butte?
20% Down Payment
$58,524
on $292,618
Monthly P&I
$1,526/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,938/mo
incl. taxes & insurance
Income Needed
$77,520
gross annual (30% rule)
10% Down Option
$29,262
+ PMI applies
Loan Amount (20% dn)
$234,094
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Butte, MT?
The median home value in Butte is $292,618 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.9% year-over-year.
How much have home prices changed in Butte?
Over the past year, home values in Butte have increased by 4.9%. Over five years, prices have risen approximately 45.2%.
How much do I need to earn to buy a home in Butte?
To comfortably afford the median home price of $292,618 with a 20% down payment ($58,524) at today's rates (6.8%), you'd need a gross annual income of approximately $77,520. This assumes keeping total housing costs at or below 30% of gross income.
How does Butte compare to the national average home price?
The national median home value is approximately $410,000. At $292,618, homes in Butte are 29% below the national average.
What metro area is Butte part of?
Butte is part of the Butte-Silver Bow, MT metropolitan area. Home prices and market conditions can vary across the broader metro region.