Quick facts: Helena, MT

Quick Facts

104.7
Cost of Living
above US average
33,885
Population
39.66
Crime Rate per 1000
above US average
$64,798
Median Income
below US average
$429,000
Median House Price
above US average
$1609.82
Average Rent
above US average
10%
Poverty Rate
below US average
3.0%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $64,798.

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Income Needed to Buy

βœ— Stretch
$135k/year
Based on $429,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $135k vs median $64,798
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Income Needed to Rent

⚠ Stretch
$69k/year
Based on $1609.82/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $69k vs median $64,798
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Helena, MT

Helena, the capital city of Montana, is steeped in history and natural beauty. Nestled in the foothills of the Rocky Mountains, Helena features stunning mountain views and a vibrant city atmosphere. With a population of just over 32,000, it offers a small-town feel while still providing various cultural and recreational opportunities. Founded during the gold rush in the 1860s, Helena boasts a rich historical heritage, reflected in its well-preserved architecture, including the Montana State Capitol and beautiful Victorian-era homes. The city is also home to several museums, such as the Montana Historical Society Museum, which showcases the state’s history and art. Outdoor enthusiasts delight in Helena’s access to pristine landscapes, with numerous hiking and biking trails in places like Mount Helena City Park and the nearby Helena National Forest. The city is also a gateway to various outdoor activities, including fishing, skiing, and camping. Culturally, Helena hosts several events throughout the year, including the popular Last Chance Stampede and Fair. Its friendly community, combined with a mix of outdoor adventures and cultural experiences, makes Helena a unique and inviting destination in Montana.

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