Market Overview
Home Prices in Choteau, MT
The median home value in Choteau, MT is $308,575 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 7.2% compared to a year ago and up 6.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Choteau are priced25% below average.
Over the past five years, Choteau home values have risen by approximately48.8%, reflecting strong long-term appreciation in this market.
Price History
Choteau Home Price Trend
2020
$172,807
$173K
—
2021
$207,414
$207K
+20.0%
2022
$261,843
$262K
+26.2%
2023
$263,440
$263K
+0.6%
2024
$269,867
$270K
+2.4%
2025
$287,819
$288K
+6.7%
2026
$308,575
$309K
+7.2%
City Comparison
Choteau vs. National Median
🏠 Choteau
$308,575
National Median
$410,000
At $308,575, homes in Choteau cost 25% below the national median of $410,000. This makes Choteau a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Choteau?
20% Down Payment
$61,715
on $308,575
Monthly P&I
$1,609/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,043/mo
incl. taxes & insurance
Income Needed
$81,720
gross annual (30% rule)
10% Down Option
$30,858
+ PMI applies
Loan Amount (20% dn)
$246,860
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 Choteau, MT?
The median home value in Choteau is $308,575 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 7.2% year-over-year.
How much have home prices changed in Choteau?
Over the past year, home values in Choteau have increased by 7.2%. Over five years, prices have risen approximately 48.8%.
How much do I need to earn to buy a home in Choteau?
To comfortably afford the median home price of $308,575 with a 20% down payment ($61,715) at today's rates (6.8%), you'd need a gross annual income of approximately $81,720. This assumes keeping total housing costs at or below 30% of gross income.
How does Choteau compare to the national average home price?
The national median home value is approximately $410,000. At $308,575, homes in Choteau are 25% below the national average.