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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 Q3 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2021 (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

$422,149

Number Of Homes And Apartments:

443,831

Montana Home Prices

> $1,601,000
$1,200,770 - $1,601,000
$800,403 - $1,200,769
$640,389 - $800,402
$480,258 - $640,388
$320,006 - $480,257
$160,015 - $320,005
$80,023 - $160,014
$0 - $80,022
2.7%
2.7%
2.8%
2.8%
8.8%
8.8%
9.4%
9.4%
16.9%
16.9%
24.5%
24.5%
20.6%
20.6%
7.3%
7.3%
6.9%
6.9%
0% 100.0%
% of Homes

Montana Appreciation Rates

Rent & Homeownership

Average Market Rent:

$1,650 / per month

Homeownership Rate

Owners
Renters
Vacant
67.3%
67.3%
32.7%
32.7%
14.8%
14.8%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
23.3%
23.3%
41.7%
41.7%
21.6%
21.6%
13.4%
13.4%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
69.6%
69.6%
3.9%
3.9%
7.1%
7.1%
9.3%
9.3%
10.0%
10.0%
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
3.0%
3.0%
10.2%
10.2%
26.5%
26.5%
36.0%
36.0%
17.3%
17.3%
7.0%
7.0%
0% 100.0%
% of Homes