Market Overview
Home Prices in Miles City, MT
The median home value in Miles City, MT is $251,740 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 7.5% compared to a year ago and down 0.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Miles City are priced39% below average.
Over the past five years, Miles City home values have risen by approximately31.5%, reflecting strong long-term appreciation in this market.
Price History
Miles City Home Price Trend
2020
$159,580
$160K
—
2021
$191,402
$191K
+19.9%
2022
$235,777
$236K
+23.2%
2023
$238,060
$238K
+1.0%
2024
$235,763
$236K
-1.0%
2025
$234,088
$234K
-0.7%
2026
$251,740
$252K
+7.5%
City Comparison
Miles City vs. National Median
🏠 Miles City
$251,740
National Median
$410,000
At $251,740, homes in Miles City cost 39% below the national median of $410,000. This makes Miles City a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Miles City?
20% Down Payment
$50,348
on $251,740
Monthly P&I
$1,313/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,668/mo
incl. taxes & insurance
Income Needed
$66,720
gross annual (30% rule)
10% Down Option
$25,174
+ PMI applies
Loan Amount (20% dn)
$201,392
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 Miles City, MT?
The median home value in Miles City is $251,740 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 7.5% year-over-year.
How much have home prices changed in Miles City?
Over the past year, home values in Miles City have increased by 7.5%. Over five years, prices have risen approximately 31.5%.
How much do I need to earn to buy a home in Miles City?
To comfortably afford the median home price of $251,740 with a 20% down payment ($50,348) at today's rates (6.8%), you'd need a gross annual income of approximately $66,720. This assumes keeping total housing costs at or below 30% of gross income.
How does Miles City compare to the national average home price?
The national median home value is approximately $410,000. At $251,740, homes in Miles City are 39% below the national average.