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 Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (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:
$301,233

Number Of Homes And Apartments:
427,871

Montana Home Prices

> $1,311,588
1.9%
1.9%
$983,825 - $1,311,588
1.7%
1.7%
$656,001 - $983,824
5.8%
5.8%
$524,942 - $656,000
6.7%
6.7%
$393,687 - $524,941
14.1%
14.1%
$262,236 - $393,686
26.6%
26.6%
$131,341 - $262,235
26.5%
26.5%
$65,651 - $131,340
8.9%
8.9%
$0 - $65,650
7.9%
7.9%
0.0% 100.0%
% OF HOMES

Montana Appreciation Rates

 
Time Period Total Appreciation Average Annual Rate Compared to America*
Latest Quarter:
2021 Q1 - 2021 Q2
7.20% 32.04%
10
Last 12 Months:
2020 Q2 - 2021 Q2
17.03% 17.03%
10
Last 2 Years:
2019 Q2 - 2021 Q2
22.60% 10.72%
10
Last 5 Years:
2016 Q2 - 2021 Q2
43.20% 7.44%
9
Last 10 Years:
2011 Q2 - 2021 Q2
69.22% 5.40%
8
Since 2000:
2000 Q1 - 2021 Q2
177.27% 4.92%
9
* 10 is highest

Rent & Homeownership

Average Market Rent:
$1,222 / per month

Homeownership Rate

Owners
66.2%
66.2%
Renters
33.8%
33.8%
Vacant
16.1%
16.1%
0.0% 100.0%
% OF HOMES

Housing Market Details

Age of Homes

2000 or Newer
21.3%
21.3%
1970 - 1999
42.5%
42.5%
1940 - 1969
22.5%
22.5%
1939 or Older
13.7%
13.7%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
69.2%
69.2%
Townhomes
3.8%
3.8%
Small Apt. Buildings
7.3%
7.3%
Apt. Complexes
9.0%
9.0%
Mobile Homes
10.6%
10.6%
Other
0.2%
0.2%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
3.4%
3.4%
1 Bedroom
9.9%
9.9%
2 Bedrooms
27.3%
27.3%
3 Bedrooms
36.0%
36.0%
4 Bedrooms
16.8%
16.8%
5 or more bedrooms
6.7%
6.7%
0.0% 100.0%
% OF HOMES