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City · 11,872 residents · Gallatin County, Montana

Belgrade , Montana

In Belgrade, a typical home is worth $535,200 and typical rent is $1,877 a month. Compared with all of Gallatin County, the typical home value is 20% lower and typical rent is 11% higher.

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  • Typical home value

    $535,200

    20% below the county

    42% above Montana

    • Belgrade
    • Gallatin
    • Montana

  • Typical rent

    $1,877a month

    11% above the county

    74% above Montana

    • Belgrade
    • Gallatin
    • Montana

  • Typical household income

    $97,328a year

    4% above the county

    34% above Montana

    • Belgrade
    • Gallatin
    • Montana

  • Households that own their home

    56%

    5 points below the county

    13 points below Montana

    • Belgrade
    • Gallatin
    • Montana

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$548,412
about the same as 12 months ago
Typical rent
$2,134 a month
3.3% more than 12 months ago

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Belgrade is in Gallatin County. The FHA loan limit ($718,750 for a one-unit home), the fair market rents and the help on this page are those of all of Gallatin County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Belgrade apart

What this place has that others do not, from public data, most unusual first.

  1. Belgrade has the highest typical rent of the 26 cities in Montana with more than 5,000 people: $1,877.

  2. Nearby, in Livingston, the typical rent is $1,046: 44% less than in Belgrade ($1,877).

  3. Nearby, in Helena Valley Southeast, the typical home value is $331,500: 38% less than in Belgrade ($535,200).

  4. The typical home in Belgrade is worth $535,200, 20% less than in Gallatin County as a whole ($667,600).

  5. Belgrade has the 3rd highest typical household income of the 26 cities in Montana with more than 5,000 people ($97,328).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Belgrade

What homes there are in Belgrade, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

As in Gallatin County, most homes in Belgrade are detached houses (59%).

Year built

The typical home in Belgrade was built in 2002, 4 years after the typical one in Gallatin County.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

With a mortgage

$1,983 a month

Gallatin County: $2,299 a month

Without a mortgage

$691 a month

Gallatin County: $750 a month

Owners with a mortgage

78%

Gallatin County: 63%

In Belgrade, 78% of owners have a mortgage, and their typical cost is $1,983 a month, against $2,299 in Gallatin County. Without one it drops to $691.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

Since 2015–2019, homes in Belgrade gained value faster than in Gallatin County: 120% against 87%.

The typical rent in Belgrade rose 105% over the same time; in Gallatin County, it rose 58%.

The typical household income in Belgrade rose 65%: less than home values (+120%) and rent (+105%).

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureBelgradeGallatin CountyMontanaUnited States
Rental vacancy Unreliable estimate6.2%5.3%5.5%
Homeowner vacancy Unreliable estimateUnreliable estimate0.9%0.9%
More than one person per room Unreliable estimate2.0%1.8%3.4%
People per household 2.442.332.372.53
Drive alone 80%69%71%69%
Carpool 8%7%10%9%
Public transit Unreliable estimate1%1%3%
Walk or bike Unreliable estimate7%5%3%
Work from home 11%16%13%15%
Other means Unreliable estimate1%1%2%
Typical commute 20 to 29 minutes10 to 19 minutes10 to 19 minutes20 to 29 minutes

Much as in Gallatin County, a household in Belgrade has 2.44 people on average.

To get to work, 80% of workers in Belgrade drive alone; in Gallatin County, 69%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Belgrade?

A typical home costs more than the typical income allows

We start with a typical home in Belgrade, worth $535,200, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 53% of the typical household income in Belgrade, which is $97,328 a year. For that payment to be 28% of income, a household would need to earn about $185,461 a year.

The calculator's FHA and conventional loan limits are those of all of Gallatin County.

Your numbers

Local data
$

Starts at the typical home value in Belgrade. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $18,732 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$4,327

at 7.18% · 30 years

Loan amount
$525,506
Total interest
$756,080
Paid off in
November 2056

Includes $9,038 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $2,271 a month

  • Tight

    $2,271 to $2,920 a month

  • Hard

    more than $2,920 a month

    Your payment · 53%

Compared with the typical household income in Belgrade ($97,328 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$4,327
Principal & interest$3,560
Property tax$308
Home insurance$223
FHA mortgage insurance (MIP)$237

You need at least $18,732 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Belgrade and Gallatin County

Belgrade is in Gallatin County, Montana. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Belgrade's own numbers

Typical home value
$535,200
Typical monthly rent
$1,877
Typical yearly household income
$97,328
Households that own their home
56%
Effective property tax rate
0.69%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Gallatin County

FHA limit, one-unit home
$718,750
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$2,109
Price change over 5 years (FHFA)
+65%
Homes in a high flood-risk zone
2.3%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Gallatin County.

Everything about Gallatin County

Buying

Buying a home in Belgrade

A typical home in Belgrade is worth $535,200: 20% below the county and 42% above Montana. With the typical household income in Belgrade ($97,328 a year), a typical home costs 5.5 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Belgrade 5.5 years
  • Gallatin 7.1 years
  • Montana 5.2 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Gallatin County

According to FHFA’s house price index, home prices in Gallatin County rose 140% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Gallatin County.

Period County Montana U.S.
Last year (2025) +0.1% +2.3% +2.9%
5 years (2020–2025) +65% +62% +47%
10 years (2015–2025) +140% +105% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Belgrade next to Gallatin County, Montana and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Belgrade $535,200
  • Gallatin $667,600
  • Montana $375,800
  • United States $332,700
Typical monthly rent
  • Belgrade $1,877
  • Gallatin $1,694
  • Montana $1,081
  • United States $1,413
Typical yearly household income
  • Belgrade $97,328
  • Gallatin $93,528
  • Montana $72,509
  • United States $80,734
See the full table
Belgrade next to Gallatin County and Montana
Measure Belgrade Gallatin County Montana U.S.
Typical home value $535,200 $667,600 $375,800 $332,700
Typical monthly rent $1,877 $1,694 $1,081 $1,413
Typical yearly household income $97,328 $93,528 $72,509 $80,734
Households that own their home 56% 61% 69% 65%
Typical yearly property tax $3,681 $3,933 $2,693 $3,119
Effective property tax rate 0.69% 0.59% 0.72% 0.94%
Renters with high rent for their income 47% 48% 45% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Gallatin County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Belgrade

For a typical $535,200 home in Belgrade, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Belgrade's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $4,327a month

    Least cash to close
    Down payment
    $18,732
    Cash to close
    $34,788
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $237

  • Conventional, 5% down $4,229a month

    Down payment
    $26,760
    Cash to close
    $42,816
    Rate
    7.18%
    Mortgage insurance
    PMI · $254

  • Conventional, 20% down, no PMI $3,431a month

    Down payment
    $107,040
    Cash to close
    $123,096
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $3,926a month

    Down payment
    $80,280
    Cash to close
    $96,336
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Belgrade and for Gallatin County.

Property tax

Effective rate in Belgrade

0.69%of the home’s value each year

$3,681 a year for the typical owner in Belgrade.

  • Belgrade 0.69%
  • Gallatin 0.59%
  • Montana 0.72%

What Montana publishes Homestead reduced tax rate for your principal residence (Montana Department of Revenue)

Exemptions and deadlines in Montana

Flood risk in Gallatin County

FEMA does not publish these numbers by city: they are for all of Gallatin County.

Homes in the high-risk zone
2.3%
975
Of those, with NFIP insurance
20%
County Montana U.S.
Homes in the high-risk zone 2.3% 2.6% 3.5%
Of those, with NFIP insurance 20% 16% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Belgrade

Typical rent in Belgrade is $1,877 a month: 11% above the county. In Belgrade, 47% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Gallatin County, by unit size. To pay the 2-bedroom one ($2,109 a month) without spending more than 30% of your income, you would need to earn $40.56 an hour working full time.

HUD fair market rent for all of Gallatin County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,469 $28.25 $58,760
1 bedroom $1,612 $31.00 $64,480
2 bedrooms $2,109 $40.56 $84,360
3 bedrooms $2,920 $56.15 $116,800
4 bedrooms $3,487 $67.06 $139,480

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Belgrade

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Belgrade is in ZIP code 59714.

For 2 bedrooms it is $2,050: $59 less than the fair market rent for Gallatin County ($2,109).

  • 59714 $2,050$2,840

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Belgrade when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Belgrade

HUD lists 6 buildings with rents for lower incomes in Belgrade. These are the largest.

  • Farmhouse Apts 101 Jackrabbit Rd, Belgrade 59714 32 low-income homes · 1 bd: 8 · 2 bd: 24 · In service since 1996 · For people with disabilities, families
  • Gallatin Trails Apts-Belgrade 101 Jackrabbit Rd, Belgrade 59714 32 low-income homes · 1 bd: 8 · 2 bd: 24 · In service since 1996 · For families
  • Timberline Apts 1006 Cardinal Dr, Belgrade 59714 24 low-income homes · 1 bd: 24 · In service since 1998 · For older adults
  • Gallatin Trails II Apts 101 Jackrabbit Rd, Belgrade 59714 16 low-income homes · 2 bd: 16 · In service since 1997 · For families
  • Farmhouse Apts III 101 Jackrabbit Rd, Belgrade 59714 12 low-income homes · 1 bd: 12 · In service since 2000 · For people with disabilities

See all 28 buildings in Gallatin County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Belgrade

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There is 1 HUD-approved agency with an office in Gallatin County; none says it serves in Spanish.

A man listens closely, seated at a meeting table.

HUD counseling is free or low-cost

Assistance programs in Belgrade

No down payment, repair or rent-help program on our list is for Belgrade or Gallatin County. The ones below are statewide in Montana: they work in Belgrade the same as in the rest of the state.

Which programs do I qualify for? All programs in Montana

  • Bond Advantage Down Payment Assistance

    Statewide in Montana

    Montana Board of Housing loan for up to 5% of the price (maximum $15,000) for the down payment, over 15 years with low payments and the same rate as the bond program's first mortgage; there is also a Plus version, 0% and deferred, for lower incomes. Offered by Montana Board of Housing (Montana Department of Commerce).

    RepayableDeferred

    See the program Official page

  • Mortgage Credit Certificate (MCC)

    Statewide in Montana

    Montana Board of Housing certificate that lets you take 20% of the interest you pay each year on your mortgage off your federal taxes, up to $2,000 a year, while you live in the home; for first-time buyers, with a loan that is not from another Board program. Offered by Montana Board of Housing (Montana Department of Commerce).

    Tax credit

    See the program Official page

Housing counselors near Belgrade

The HUD-approved agencies closest to the center of Belgrade, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Human Resource Development Council of District Ix, Inc.

    32 S Tracy Ave, Bozeman · 10 miles away

    • Budget and financial counseling
    • Budget and credit workshops
    • and 5 more
    (406) 585-4895

  • Headwaters RC&D Area, Inc.

    65 E Broadway St, Butte · 67 miles away

    • Workshops for new owners
    • Pre-purchase counseling
    • and 2 more
    (406) 533-6784

  • Rocky Mountain Development Council

    200 S Cruse Ave, Helena · 69 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 2 more
    (406) 447-1680

Every agency in Gallatin County All counseling agencies in Montana

Help in Spanish near Belgrade

None of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Belgrade

HUD lists no housing authority with an office in Gallatin County. One in a neighboring county or the state’s may serve the area.

All housing agencies in Montana Source: HUD

Cities

Other cities in Gallatin County

These cities are also in Gallatin County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Gallatin County Housing in Montana

Nearby cities

The cities closest to Belgrade, with the typical home value.

Neighboring counties

If Gallatin County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Belgrade.

All guides
A father, a mother and their daughter smile among the avocado trees by their home in Somis, California.

Questions

Housing questions about Belgrade

Short answers with the numbers for Belgrade and all of Gallatin County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Belgrade?

The typical home value in Belgrade is $535,200, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Gallatin County it is $667,600.

How much does it cost to rent in Belgrade?

Typical rent in Belgrade is $1,877 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Gallatin County is $2,109.

What is the FHA loan limit in Belgrade?

Belgrade uses the FHA limit for all of Gallatin County (2026): $718,750 for a one-unit home and $1,382,250 for a four-unit home.

How much property tax do owners pay in Belgrade?

The typical homeowner in Belgrade pays $3,681 a year, according to the U.S. Census Bureau. That is 0.69% of the home’s value; in Gallatin County, the rate is 0.59%.

Where can I find free help to buy or rent in Belgrade?

There is 1 HUD-approved counseling agency with an office in Gallatin County. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).