Market Overview
Home Prices in Colstrip, MT
The median home value in Colstrip, MT is $236,775 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 2.1% compared to a year ago and up 1.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Colstrip are priced42% below average.
Over the past five years, Colstrip home values have risen by approximately27.3%, reflecting strong long-term appreciation in this market.
Price History
Colstrip Home Price Trend
2020
$155,844
$156K
—
2021
$186,012
$186K
+19.4%
2022
$235,638
$236K
+26.7%
2023
$245,498
$245K
+4.2%
2024
$237,606
$238K
-3.2%
2025
$241,946
$242K
+1.8%
2026
$236,775
$237K
-2.1%
City Comparison
Colstrip vs. National Median
🏠 Colstrip
$236,775
National Median
$410,000
At $236,775, homes in Colstrip cost 42% below the national median of $410,000. This makes Colstrip a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Colstrip?
20% Down Payment
$47,355
on $236,775
Monthly P&I
$1,235/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,568/mo
incl. taxes & insurance
Income Needed
$62,720
gross annual (30% rule)
10% Down Option
$23,678
+ PMI applies
Loan Amount (20% dn)
$189,420
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 Colstrip, MT?
The median home value in Colstrip is $236,775 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 2.1% year-over-year.
How much have home prices changed in Colstrip?
Over the past year, home values in Colstrip have decreased by 2.1%. Over five years, prices have risen approximately 27.3%.
How much do I need to earn to buy a home in Colstrip?
To comfortably afford the median home price of $236,775 with a 20% down payment ($47,355) at today's rates (6.8%), you'd need a gross annual income of approximately $62,720. This assumes keeping total housing costs at or below 30% of gross income.
How does Colstrip compare to the national average home price?
The national median home value is approximately $410,000. At $236,775, homes in Colstrip are 42% below the national average.