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Montana
Real Estate Appreciation & Housing Market Trends






Montana Real Estate Market & Appreciation

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Average Home Values

Median Home Value

$443,311

Number Of Homes And Apartments:

443,917

Montana Home Prices

> $1,399,765
$1,049,680 - $1,399,765
$699,771 - $1,049,679
$559,926 - $699,770
$419,756 - $559,925
$279,997 - $419,755
$139,854 - $279,996
$70,001 - $139,853
$0 - $70,000
4.3%
4.3%
4.4%
4.4%
12.4%
12.4%
12.1%
12.1%
16.8%
16.8%
21.9%
21.9%
16.0%
16.0%
5.8%
5.8%
6.4%
6.4%
0% 100.0%
% of Homes

Montana Appreciation Rates

Rent & Homeownership

Average Market Rent:

$1,375 / per month

Homeownership Rate

Owners
Renters
67.2%
67.2%
32.8%
32.8%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
14.2%
14.2%
85.8%
85.8%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
25.0%
25.0%
40.8%
40.8%
21.1%
21.1%
13.1%
13.1%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
69.3%
69.3%
4.2%
4.2%
7.2%
7.2%
9.4%
9.4%
9.7%
9.7%
0.2%
0.2%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
2.7%
2.7%
10.4%
10.4%
26.3%
26.3%
36.0%
36.0%
17.3%
17.3%
7.2%
7.2%
0% 100.0%
% of Homes