Great Falls housing market
Typical home value
$340K
▲ 2.7% 1 yr
Typical rent
$1,428/mo
▲ 4.0% 1 yr
12-month forecast
+4.2%
#47 of 546 metros
Gross rent yield
5.0%
#401 of 546 · U.S. 6.3%
Listings with a price cut
17%
▼ −7.8 pts 1 yr
Key takeaways
- 1The typical home is worth $339,963, up 2.7% in a year and up 42% over five years.
- 2Zillow forecasts home values rising 4.2% over the next 12 months (U.S.: +1.1%).
- 3Typical rent is $1,428/mo (+4.0% YoY), a 5.0% gross yield, below the U.S. 6.3%.
- 4At 7.32% with 20% down, the typical home costs $1,868/mo in principal and interest, $440 more than renting.
Market temperature
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
Affordability
To buy (20% down)To rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Great Falls compares
| Measure | Great Falls | United States | Rank of 546 |
|---|---|---|---|
| Home value, 1-yr change | +2.7% | +1.2% | #231 |
| Home value, 5-yr change | +41.6% | +19.7% | |
| 12-month forecast | +4.2% | +1.1% | #47 |
| Rent, 1-yr change | +4.0% | +2.7% | #190 |
| Gross rent yield | 5.0% | 6.3% | #401 |
| Price-to-rent ratio | 19.8 | 15.8 | |
| Mortgage P&I on typical home | $1,868 | $2,012 | |
| Income needed to buy | $90,901 | $100,902 |
Cities in the Great Falls metro
1 cities with home value and rent data.
| Great Falls | $338K | ▲ 2.7% | $1,433 | ▲ 4.1% | 5.1% |
Run the numbers
Rental property calculator
Cash flow on a typical Great Falls rental ($340K, $1,428/mo), pre-filled.
Mortgage calculator
Monthly payment on a typical Great Falls home.
Rent vs buy
Is it cheaper to rent or buy in Great Falls?
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
Helena, MT
$473K home$1,646 rent4.2% yield
▲ 3.0% 1 yr
Butte, MT
$286K home$1,443 rent6.0% yield
▲ 3.1% 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.