Market Overview
Home Prices in Hamilton, MT
The median home value in Hamilton, MT is $544,664 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 0.4% compared to a year ago and up 1.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Hamilton are priced33% above average.
Over the past five years, Hamilton home values have risen by approximately25.5%, reflecting strong long-term appreciation in this market.
Price History
Hamilton Home Price Trend
2020
$329,070
$329K
—
2021
$433,976
$434K
+31.9%
2022
$560,593
$561K
+29.2%
2023
$524,567
$525K
-6.4%
2024
$538,232
$538K
+2.6%
2025
$547,077
$547K
+1.6%
2026
$544,664
$545K
-0.4%
City Comparison
Hamilton vs. National Median
🏠 Hamilton
$544,664
National Median
$410,000
At $544,664, homes in Hamilton cost 33% above the national median of $410,000. Buyers in Hamilton should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Hamilton?
20% Down Payment
$108,933
on $544,664
Monthly P&I
$2,841/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,608/mo
incl. taxes & insurance
Income Needed
$144,320
gross annual (30% rule)
10% Down Option
$54,466
+ PMI applies
Loan Amount (20% dn)
$435,731
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 Hamilton, MT?
The median home value in Hamilton is $544,664 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 0.4% year-over-year.
How much have home prices changed in Hamilton?
Over the past year, home values in Hamilton have decreased by 0.4%. Over five years, prices have risen approximately 25.5%.
How much do I need to earn to buy a home in Hamilton?
To comfortably afford the median home price of $544,664 with a 20% down payment ($108,933) at today's rates (6.8%), you'd need a gross annual income of approximately $144,320. This assumes keeping total housing costs at or below 30% of gross income.
How does Hamilton compare to the national average home price?
The national median home value is approximately $410,000. At $544,664, homes in Hamilton are 33% above the national average.