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 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (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:
$372,863

Number Of Homes And Apartments:
436,048

Montana Home Prices

> $1,486,114
$1,114,981 - $1,486,114
$743,058 - $1,114,980
$594,484 - $743,057
$446,037 - $594,483
$297,062 - $446,036
$148,672 - $297,061
$74,339 - $148,671
$0 - $74,338
2.2%
2.2%
2.2%
2.2%
7.2%
7.2%
8.2%
8.2%
16.1%
16.1%
25.8%
25.8%
23.0%
23.0%
7.8%
7.8%
7.4%
7.4%
0.0% 100.0%
% OF HOMES

Montana Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2021 Q3 - 2021 Q4
4.58% 19.64%
9
Last 12 Months:
2020 Q4 - 2021 Q4
24.79% 24.79%
10
Last 2 Years:
2019 Q4 - 2021 Q4
34.68% 16.05%
10
Last 5 Years:
2016 Q4 - 2021 Q4
58.56% 9.66%
9
Last 10 Years:
2011 Q4 - 2021 Q4
89.63% 6.61%
8
Since 2000:
2000 Q1 - 2021 Q4
213.30% 5.39%
9
* 10 is highest

Rent & Homeownership

Average Market Rent:
$1,268 / per month

Homeownership Rate

Owners
Renters
Vacant
66.6%
66.6%
33.4%
33.4%
15.3%
15.3%
0.0% 100.0%
% OF HOMES

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
22.1%
22.1%
42.2%
42.2%
22.1%
22.1%
13.6%
13.6%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
69.3%
69.3%
3.9%
3.9%
7.2%
7.2%
9.2%
9.2%
10.2%
10.2%
0.1%
0.1%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
3.2%
3.2%
10.1%
10.1%
27.1%
27.1%
35.7%
35.7%
17.0%
17.0%
6.9%
6.9%
0.0% 100.0%
% OF HOMES