Market Overview
Home Prices in Ovando, MT
The median home value in Ovando, MT is $633,840 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 7.1% compared to a year ago and up 9.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Ovando are priced55% above average.
Over the past five years, Ovando home values have risen by approximately61.1%, reflecting strong long-term appreciation in this market.
Price History
Ovando Home Price Trend
2020
$287,482
$287K
—
2021
$393,427
$393K
+36.9%
2022
$517,611
$518K
+31.6%
2023
$500,729
$501K
-3.3%
2024
$540,712
$541K
+8.0%
2025
$591,819
$592K
+9.5%
2026
$633,840
$634K
+7.1%
City Comparison
Ovando vs. National Median
🏠 Ovando
$633,840
National Median
$410,000
At $633,840, homes in Ovando cost 55% above the national median of $410,000. Buyers in Ovando should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Ovando?
20% Down Payment
$126,768
on $633,840
Monthly P&I
$3,306/mo
30-yr @ 6.8%
Total Monthly Est.
~$4,199/mo
incl. taxes & insurance
Income Needed
$167,960
gross annual (30% rule)
10% Down Option
$63,384
+ PMI applies
Loan Amount (20% dn)
$507,072
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 Ovando, MT?
The median home value in Ovando is $633,840 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 7.1% year-over-year.
How much have home prices changed in Ovando?
Over the past year, home values in Ovando have increased by 7.1%. Over five years, prices have risen approximately 61.1%.
How much do I need to earn to buy a home in Ovando?
To comfortably afford the median home price of $633,840 with a 20% down payment ($126,768) at today's rates (6.8%), you'd need a gross annual income of approximately $167,960. This assumes keeping total housing costs at or below 30% of gross income.
How does Ovando compare to the national average home price?
The national median home value is approximately $410,000. At $633,840, homes in Ovando are 55% above the national average.