Montana Declared Least Affordable State for Homebuyers

Montana has been identified as the least affordable state for homebuyers, according to data from the National Association of Realtors, with a score of 0.38 indicating severe housing affordability issues. The skyrocketing prices in cities like Bozeman and Missoula have contributed to a growing homeless population in the state. Meanwhile, Breckenridge, Colorado, ranks as the third-most expensive small town for buying a home, with a median home value of $760,000, closely followed by Steamboat Springs. A GOBankingRates survey reveals that 13% of Americans struggle to cover monthly bills, highlighting financial stress exacerbated by rising living costs. Across the nation, inflation has hit households hard, with a significant percentage reporting difficulties affording basic expenses. Despite some states, like Tennessee, offering lower living costs, many residents there still face financial strain due to higher consumer prices.