With a 70k income, homeownership in Montana might be more challenging, especially in Billings. Financial advisors recommend spending about 3 to 4 times your annual income on a home, setting your budget between $210,000 and $280,000.

However, the median home price in Billings is approximately $380,000, which exceeds your maximum affordability range. This suggests that the major market may be less accessible at your current income level.

That said, more affordable options may be found in other areas such as Missoula and Great Falls, where prices average around $330,000. Montana has a property tax rate of 0.92%, or roughly $3,496 per year on an average home. Considering a cost of living near the national average, you might need to explore alternative locations or financing strategies to meet your homeownership goals.