Great Falls, MT housing market
Typical home value
$338K
▲ 2.7% 1 yr
Typical rent
$1,433/mo
▲ 4.1% 1 yr
Gross rent yield
5.1%
U.S. 6.3%
5-year home value change
+42%
U.S. +20%
Key takeaways
- 1The typical home in Great Falls is worth $337,936, up 2.7% over the past year and up 42% over five years.
- 2Typical rent is $1,433 a month (+4.1% YoY), a gross rent yield of 5.1% (above the Great Falls, MT metro's 5.0%).
- 3With 20% down at 7.32%, principal and interest on the typical home is about $1,857/mo, $424 more than typical rent.
- 4Zillow forecasts the Great Falls, MT metro's home values to change +4.2% over the next 12 months.
Market temperature (Great Falls, MT metro)
Neutral market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 48/100, #172 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Great Falls compares
| Measure | Great Falls | Great Falls, MT metro | United States |
|---|---|---|---|
| Typical home value | $337,936 | $339,963 | $366,157 |
| Home value, 1-yr change | +2.7% | +2.7% | +1.2% |
| Typical rent | $1,433 | $1,428 | $1,932 |
| Rent, 1-yr change | +4.1% | +4.0% | +2.7% |
| Gross rent yield | 5.1% | 5.0% | 6.3% |
| Price-to-rent ratio | 19.7 | 19.8 | 15.8 |
| Mortgage P&I, typical home | $1,857 | $1,868 | $2,012 |
Run the numbers
Rental property calculator
Cash flow on a typical Great Falls rental, pre-filled.
Rent vs buy in Great Falls
Which costs less over the years you'll stay.
Mortgage calculator
Monthly payment on a $338K home.
City figures are Zillow's typical home value (ZHVI) and observed rent (ZORI). Gross yield is before expenses. Data refreshed Oct 26, 2026.