Market Overview
Home Prices in Medicine Lake, MT
The median home value in Medicine Lake, MT is $132,376 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 9.3% compared to a year ago and up 4.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Medicine Lake are priced68% below average.
Over the past five years, Medicine Lake home values have risen by approximately26.7%, reflecting strong long-term appreciation in this market.
Price History
Medicine Lake Home Price Trend
2020
$85,688
$86K
—
2021
$104,464
$104K
+21.9%
2022
$128,468
$128K
+23.0%
2023
$125,625
$126K
-2.2%
2024
$115,376
$115K
-8.2%
2025
$121,084
$121K
+4.9%
2026
$132,376
$132K
+9.3%
City Comparison
Medicine Lake vs. National Median
🏠 Medicine Lake
$132,376
National Median
$410,000
At $132,376, homes in Medicine Lake cost 68% below the national median of $410,000. This makes Medicine Lake a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Medicine Lake?
20% Down Payment
$26,475
on $132,376
Monthly P&I
$690/mo
30-yr @ 6.8%
Total Monthly Est.
~$876/mo
incl. taxes & insurance
Income Needed
$35,040
gross annual (30% rule)
10% Down Option
$13,238
+ PMI applies
Loan Amount (20% dn)
$105,901
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 Medicine Lake, MT?
The median home value in Medicine Lake is $132,376 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 9.3% year-over-year.
How much have home prices changed in Medicine Lake?
Over the past year, home values in Medicine Lake have increased by 9.3%. Over five years, prices have risen approximately 26.7%.
How much do I need to earn to buy a home in Medicine Lake?
To comfortably afford the median home price of $132,376 with a 20% down payment ($26,475) at today's rates (6.8%), you'd need a gross annual income of approximately $35,040. This assumes keeping total housing costs at or below 30% of gross income.
How does Medicine Lake compare to the national average home price?
The national median home value is approximately $410,000. At $132,376, homes in Medicine Lake are 68% below the national average.