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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.



Polson, 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

Polson, MT Housing Market Trends

With a population of 5,478, 2,231 total housing units (homes and apartments), and a median house value of $542,497, Polson house prices are not only among the most expensive in Montana, Polson real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Polson, accounting for 60.17% of the city's housing units. Other types of housing that are prevalent in Polson include duplexes, homes converted to apartments or other small apartment buildings ( 19.82%), large apartment complexes or high rise apartments ( 13.59%), and a few mobile homes or trailers ( 4.29%).

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

There is a lot of housing in Polson 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 Polson built between 2000 and later ( 26.24%). A lesser amount of the housing stock also hails from between 1940-1969 ( 18.18%). There's also some housing in Polson built before 1939 ( 13.89%).

Vacant housing appears to be an issue in Polson. Fully 16.72% of the housing stock is classified as vacant. Left unchecked, vacant Polson homes and apartments can be a drag on the real estate market, holding Polson real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Polson Home Appreciation Rates

Appreciation rates for homes in Polson have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 108.43%, which ranks in the top 30% nationwide. This equates to an annual average Polson house appreciation rate of 7.62%.

Over the last year, Polson appreciation rates have trailed the rest of the nation. In the last twelve months, Polson'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 Polson were at -1.72%, which equates to an annual appreciation rate of -6.72%.

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

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

Average Home Values

Median Home Value

$542,497

Polson, MT Home Prices
> $1,482,000
$1,111,001 - $1,482,000
$741,001 - $1,111,000
$593,001 - $741,000
$444,001 - $593,000
$296,001 - $444,000
$148,001 - $296,000
$74,001 - $148,000
$0 - $74,000
6.4%
6.4%
4.4%
4.4%
15.9%
15.9%
17.0%
17.0%
17.5%
17.5%
18.3%
18.3%
12.4%
12.4%
2.8%
2.8%
5.3%
5.3%
0% 100.0%
% of Homes
Very High

for Montana

Very High

for nation

Number of Homes And Apartments:

2,231

Polson Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,230 / per month

Homeownership Rate

Owners
Renters
48.5%
48.5%
51.5%
51.5%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
16.7%
16.7%
83.3%
83.3%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
26.2%
26.2%
41.7%
41.7%
18.2%
18.2%
13.9%
13.9%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
60.2%
60.2%
2.1%
2.1%
19.8%
19.8%
13.6%
13.6%
4.3%
4.3%
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
0.4%
0.4%
13.7%
13.7%
34.6%
34.6%
36.5%
36.5%
11.2%
11.2%
3.7%
3.7%
0% 100.0%
% of Homes

Popular Neighborhoods in Polson

Popular Communities Near Polson, MT

Zip Codes in Polson, MT