Market Overview
Home Prices in Hobson, MT
The median home value in Hobson, MT is $318,082 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.6% compared to a year ago and up 12.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Hobson are priced22% below average.
Price History
Hobson Home Price Trend
2023
$252,331
$252K
—
2024
$271,123
$271K
+7.4%
2025
$304,110
$304K
+12.2%
2026
$318,082
$318K
+4.6%
City Comparison
Hobson vs. National Median
🏠 Hobson
$318,082
National Median
$410,000
At $318,082, homes in Hobson cost 22% below the national median of $410,000. This makes Hobson a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Hobson?
20% Down Payment
$63,616
on $318,082
Monthly P&I
$1,659/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,107/mo
incl. taxes & insurance
Income Needed
$84,280
gross annual (30% rule)
10% Down Option
$31,808
+ PMI applies
Loan Amount (20% dn)
$254,466
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 Hobson, MT?
The median home value in Hobson is $318,082 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.6% year-over-year.
How much have home prices changed in Hobson?
Over the past year, home values in Hobson have increased by 4.6%.
How much do I need to earn to buy a home in Hobson?
To comfortably afford the median home price of $318,082 with a 20% down payment ($63,616) at today's rates (6.8%), you'd need a gross annual income of approximately $84,280. This assumes keeping total housing costs at or below 30% of gross income.
How does Hobson compare to the national average home price?
The national median home value is approximately $410,000. At $318,082, homes in Hobson are 22% below the national average.