Montana
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Montana Real Estate Values & Housing Market Data

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 Q1 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Average Home Values

Median Home Value:
$258,656

Number Of Homes And Apartments:
423,240

Montana Home Prices

Value Range
> $1,216,773 1.8
$912,653 - $1,216,773 1.4
$608,269 - $912,652 5.0
$486,852 - $608,268 5.9
$365,143 - $486,851 13.1
$243,071 - $365,142 26.5
$121,610 - $243,070 28.0
$60,804 - $121,609 9.5
$0 - $60,803 8.7

Montana Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2019 Q4 - 2020 Q1
1.42% 5.81%
10
Last 12 Months:
2019 Q1 - 2020 Q1
6.93% 6.93%
10
Last 2 Years:
2018 Q1 - 2020 Q1
12.71% 6.16%
8
Last 5 Years:
2015 Q1 - 2020 Q1
29.82% 5.36%
7
Last 10 Years:
2010 Q1 - 2020 Q1
40.87% 3.49%
7
Since 2000:
2000 Q1 - 2020 Q1
138.86% 4.45%
9
* 10 is highest

Rent & Homeownership

Average Market Rent:
$1,045 / per month

Homeownership Rate

Homeownership
Owners 65.83
Renters 34.17
Vacant 16.30

Housing Details

Age of Homes

AGE OF Montana HOMES
2000 or Newer 20.2
1970 - 1999 43.0
1940 - 1969 22.9
1939 or Older 13.9

Types of Homes

TYPE OF Montana HOMES
Single-Family 69.2
Townhomes 3.7
Small Apt. Buildings 7.4
Apt. Complexes 8.6
Mobile Homes 10.9
Other 0.2

Home Size

SIZE OF Montana HOMES
No Bedroom 3.32
1 Bedroom 10.10
2 Bedrooms 27.41
3 Bedrooms 35.90
4 Bedrooms 16.74
5 or more bedrooms 6.54