Rent vs Buy in Missoula, MT
Monthly cost of renting vs owning a median-priced home · 30-yr fixed, 20% down
Renting looks favorable in Missoula, MT
Price-to-rent ratio is 29.9 (under 15 favors buying, over 21 favors renting). Renting costs $1,604/mo; owning runs about $4,292/mo — $2,688/mo more to own.
| Monthly cost to own | Amount |
|---|---|
| Mortgage (P&I, 6.95% rate) | $3,046 |
| Property tax | $527 |
| Home insurance | $240 |
| Maintenance | $479 |
| Total to own | $4,292 |
| Average 2BR rent | $1,604 |
Based on a median home value of $575,182 with a $115,036 down payment. Owning also builds equity over time, which a monthly comparison doesn't capture. Estimates use national averages for taxes, insurance and maintenance — your actual costs will vary.