Mortgage Rates in Colstrip, Montana — March 2026
Updated March 2026 | Based on Colstrip market data and regional lending conditions
Colstrip is a smaller Montana community of 40,584 where the housing market reflects local economic conditions. The current 30-year fixed rate here is 6.79% (0.14% above the national average). The median home price of $450,000 translates to roughly $2,675/month with 20% down — requiring an income of about $114,643, which exceeds the local median of $65,000.
Current Mortgage Rates in Colstrip, MT
Below are the current average mortgage rates available in the Colstrip area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.79% | 6.65% | +0.14% |
| 15-Year Fixed | 6.03% | 5.89% | +0.14% |
| 5/1 ARM | 6.28% | 6.15% | +0.13% |
| FHA | 6.52% | 6.25% | +0.27% |
| VA | 6.27% | 6.05% | +0.22% |
| Jumbo | 7.04% | 6.85% | +0.19% |
Colstrip Housing Market Overview
Housing in Colstrip sits near the national average at $450,000. With a median household income of $65,000 and a cost of living index of 97.3, some buyers may need to look at lower price points or consider larger down payments.
Monthly Payment Breakdown for Colstrip
Based on the median home price of $450,000 with 20% down ($90,000), here is what you can expect to pay monthly in Colstrip:
15-Year vs. 30-Year Mortgage in Colstrip
Choosing a 15-year mortgage in Colstrip at 6.03% instead of a 30-year at 6.79% would save you $296,280 in total interest over the life of the loan. However, your monthly payment would be $3,044 instead of $2,345 — an increase of $699 per month.
Calculate Your Colstrip Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Colstrip
What are the current mortgage rates in Colstrip, MT?
As of March 2026, the average 30-year fixed mortgage rate in Colstrip, Montana is 6.79%, while the 15-year fixed rate is 6.03%. FHA loans average 6.52% and VA loans 6.27%. These rates are 0.14% above the national average of 6.65%.
How much is a monthly mortgage payment in Colstrip?
Based on the median home price of $450,000 with 20% down, the estimated monthly mortgage payment in Colstrip is $2,345 for principal and interest. Including property taxes of $330/month, the total monthly housing cost is approximately $2,675.
What income do I need to buy a home in Colstrip?
Using the 28% rule, you would need an annual income of approximately $114,643 to afford the median-priced home in Colstrip at $450,000. The median household income in Colstrip is $65,000. This means most households would need to either earn above the median or consider homes below $450,000.
Is Colstrip a good place to buy a home in 2026?
Colstrip offers a below-average cost of living with a cost of living index of 97.3 (national average = 100). The property tax rate in Montana is 0.88%, which is near the national average. Colstrip has a population of 40,584 and offers a balanced lifestyle.
Mortgage Rates in Other Montana Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Colstrip, Montana area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.