Market Overview
Home Prices in Charlo, MT
The median home value in Charlo, MT is $565,351 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.5% compared to a year ago and up 2.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Charlo are priced38% above average.
Over the past five years, Charlo home values have risen by approximately35.2%, reflecting strong long-term appreciation in this market.
Price History
Charlo Home Price Trend
2020
$317,270
$317K
—
2021
$418,174
$418K
+31.8%
2022
$545,476
$545K
+30.4%
2023
$513,410
$513K
-5.9%
2024
$541,799
$542K
+5.5%
2025
$556,777
$557K
+2.8%
2026
$565,351
$565K
+1.5%
City Comparison
Charlo vs. National Median
🏠 Charlo
$565,351
National Median
$410,000
At $565,351, homes in Charlo cost 38% above the national median of $410,000. Buyers in Charlo should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Charlo?
20% Down Payment
$113,070
on $565,351
Monthly P&I
$2,949/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,745/mo
incl. taxes & insurance
Income Needed
$149,800
gross annual (30% rule)
10% Down Option
$56,535
+ PMI applies
Loan Amount (20% dn)
$452,281
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 Charlo, MT?
The median home value in Charlo is $565,351 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.5% year-over-year.
How much have home prices changed in Charlo?
Over the past year, home values in Charlo have increased by 1.5%. Over five years, prices have risen approximately 35.2%.
How much do I need to earn to buy a home in Charlo?
To comfortably afford the median home price of $565,351 with a 20% down payment ($113,070) at today's rates (6.8%), you'd need a gross annual income of approximately $149,800. This assumes keeping total housing costs at or below 30% of gross income.
How does Charlo compare to the national average home price?
The national median home value is approximately $410,000. At $565,351, homes in Charlo are 38% above the national average.