Quick facts: Frenchtown, MT

Quick Facts

104.7
Cost of Living
above US average
1,570
Population
35.03
Crime Rate per 1000
above US average
$86,184
Median Income
above US average
$599,000
Median House Price
above US average
$1535
Average Rent
above US average
5%
Poverty Rate
below US average
4.0%
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 $86,184.

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Income Needed to Buy

βœ— Stretch
$188k/year
Based on $599,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $188k vs median $86,184
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Income Needed to Rent

βœ“ Affordable
$66k/year
Based on $1535/month average rent
Annual income where rent = 28% of gross
πŸ“Š Median income ($86,184) exceeds requirement
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Frenchtown, MT

Frenchtown is a charming small town located in Missoula County, Montana, nestled along the banks of the Clark Fork River. With a population of around 1,200 residents, the town provides a close-knit community atmosphere amid stunning natural surroundings. Positioned approximately 15 miles west of Missoula, it offers a quieter lifestyle while still being accessible to urban amenities. Frenchtown is known for its rich history, originally established as a trading post in the mid-19th century. The historic downtown area features a blend of quaint shops, local eateries, and beautiful views of the surrounding mountains. Outdoor enthusiasts flock to Frenchtown for its excellent recreational opportunities, including hiking, fishing, and hunting. The nearby Frenchtown Pond State Park is a popular spot for picnicking, swimming, and birdwatching. Education is served by Frenchtown School District, which offers a range of programs for its students. The town embodies a rustic Montana charm, making it an appealing destination for those seeking a peaceful retreat in a scenic setting.

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