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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Helena, MT Real Estate Market

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

Helena, MT Housing Market Trends

With a population of 33,885, 15,233 total housing units (homes and apartments), and a median house value of $449,433, Helena real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Helena, accounting for 53.54% of the city's housing units. Other types of housing that are prevalent in Helena include duplexes, homes converted to apartments or other small apartment buildings ( 18.95%), large apartment complexes or high rise apartments ( 16.97%), and a few row houses and other attached homes ( 7.30%).

People in Helena primarily live in small (one, two or no bedroom) single-family detached homes. Helena has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Helena built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Helena built between 1940-1969 ( 22.89%). A lesser amount of the housing stock also hails from before 1939 ( 21.98%). There's also some housing in Helena built between 2000 and later ( 21.32%).

Helena Home Appreciation Rates

Appreciation rates for homes in Helena have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 97.72%, which ranks in the top 40% nationwide. This equates to an annual average Helena house appreciation rate of 7.05%.

Over the last year, Helena appreciation rates have trailed the rest of the nation. In the last twelve months, Helena's appreciation rate has been 4.04%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Helena were at -1.72%, which equates to an annual appreciation rate of -6.72%.

Notably, Helena's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Montana, our data show that Helena's latest annual appreciation rate is lower than 50% of the other cities and towns in Montana.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Helena differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Helena - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Helena real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$449,433

Helena, MT Home Prices
> $1,378,000
$1,034,001 - $1,378,000
$690,001 - $1,034,000
$552,001 - $690,000
$413,001 - $552,000
$275,001 - $413,000
$138,001 - $275,000
$69,001 - $138,000
$0 - $69,000
1.9%
1.9%
2.5%
2.5%
10.1%
10.1%
14.7%
14.7%
30.4%
30.4%
26.6%
26.6%
8.5%
8.5%
1.9%
1.9%
3.5%
3.5%
0% 100.0%
% of Homes
High

for Montana

High

for nation

Number of Homes And Apartments:

15,233

Helena Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,370 / per month

Homeownership Rate

Owners
Renters
52.7%
52.7%
47.3%
47.3%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
6.2%
6.2%
93.8%
93.8%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
21.3%
21.3%
33.8%
33.8%
22.9%
22.9%
22.0%
22.0%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
53.5%
53.5%
7.3%
7.3%
18.9%
18.9%
17.0%
17.0%
3.2%
3.2%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
4.7%
4.7%
13.1%
13.1%
32.3%
32.3%
26.5%
26.5%
16.1%
16.1%
7.3%
7.3%
0% 100.0%
% of Homes