Montana Housing Market Trends
Real-time market data powered by Zillow Research. Last updated: 2026-03-03
Is Now a Good Time to Buy in Montana?
The Montana housing market is showing balanced conditions.
home values have grown a moderate 0.9% year-over-year. there are currently 465 homes on the market.
Median Home Value
$449,640
Zillow Home Value Index
Year-over-Year
+0.9%
Home value change
5-Year Change
+47.2%
Since 2021
Median Rent
$1,615/mo
Zillow Observed Rent Index
Active Listings
465
Homes for sale
Home Value Trends
5-year Zillow Home Value Index (ZHVI) for Montana vs. national average. ZHVI reflects the typical home value in the 35th-65th percentile range.
Rent Trends
Average rent in Montana: $1,615/mo (+4.3% YoY)
Rent vs. Buy Analysis
With a median home value of $449,640 and average rent of $1,615/mo, the price-to-rent ratio in Montana is 23.2. A ratio above 21 suggests renting may be more cost-effective.
Run Full Rent vs. Buy CalculatorTop Markets in Montana
Explore housing data for 7 metro areas in Montana. Click any market for detailed trends and analysis.
Bozeman, MT
$677,863
Avg rent: $2,101/mo
Kalispell, MT
$621,912
Avg rent: $2,079/mo
Missoula, MT
$552,397
Avg rent: $1,546/mo
Helena, MT
$455,118
Avg rent: $1,510/mo
Billings, MT
$392,350
Avg rent: $1,389/mo
Great Falls, MT
$330,536
Avg rent: $1,336/mo
Butte, MT
$271,262
Avg rent: $1,341/mo
Continue Learning About Montana
Market data provided by Zillow Research. Zillow Home Value Index (ZHVI) and Zillow Observed Rent Index (ZORI) are trademarks of Zillow, Inc.