Butte housing market
Typical home value
$286K
▲ 3.1% 1 yr
Typical rent
$1,443/mo
▲ 5.4% 1 yr
12-month forecast
+2.3%
#237 of 546 metros
Gross rent yield
6.0%
#253 of 546 · U.S. 6.3%
Days to pending
55 days
1 yr
Listings with a price cut
22%
▲ +0.6 pts 1 yr
Key takeaways
- 1The typical home is worth $286,303, up 3.1% in a year and up 37% over five years.
- 2Zillow forecasts home values rising 2.3% over the next 12 months (U.S.: +1.1%).
- 3Typical rent is $1,443/mo (+5.4% YoY), a 6.0% gross yield, below the U.S. 6.3%.
- 4At 7.32% with 20% down, the typical home costs $1,573/mo in principal and interest, $130 more than renting.
- 5Homes go under contract in 55 days; 22% of listings have had a price cut.
Market temperature
Buyer's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 40/100, #286 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
How fast homes are selling
For saleNew listings
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Butte compares
| Measure | Butte | United States | Rank of 546 |
|---|---|---|---|
| Home value, 1-yr change | +3.1% | +1.2% | #196 |
| Home value, 5-yr change | +36.7% | +19.7% | |
| 12-month forecast | +2.3% | +1.1% | #237 |
| Rent, 1-yr change | +5.4% | +2.7% | #99 |
| Gross rent yield | 6.0% | 6.3% | #253 |
| Price-to-rent ratio | 16.5 | 15.8 | |
| Mortgage P&I on typical home | $1,573 | $2,012 | |
| Days to pending | 55 | 56 |
Cities in the Butte metro
1 cities with home value and rent data.
| Butte | $286K | ▲ 3.1% | $1,443 | ▲ 5.4% | 6.0% |
Run the numbers
Rental property calculator
Cash flow on a typical Butte rental ($286K, $1,443/mo), pre-filled.
Mortgage calculator
Monthly payment on a typical Butte home.
Rent vs buy
Is it cheaper to rent or buy in Butte?
Other Montana metros
Billings, MT
$410K home$1,390 rent4.1% yield
▲ 2.6% 1 yr
Missoula, MT
$570K home$1,622 rent3.4% yield
▲ 1.3% 1 yr
Bozeman, MT
$698K home$2,201 rent3.8% yield
▲ 1.1% 1 yr
Kalispell, MT
$646K home$2,025 rent3.8% yield
▲ 2.0% 1 yr
Great Falls, MT
$340K home$1,428 rent5.0% yield
▲ 2.7% 1 yr
Helena, MT
$473K home$1,646 rent4.2% yield
▲ 3.0% 1 yr
Gross yield = 12 × typical rent ÷ typical home value, before expenses. Mortgage estimate: 20% down, 30-year fixed at the current Freddie Mac average, principal and interest only. Forecast: Zillow Home Value Forecast. Data refreshed Oct 26, 2026.