Montana housing market
Typical home value
$467K
▲ 2.0% 1 yr
5-year change
+23%
U.S. +20%
Median city rent
$1,630/mo
9 cities
Unemployment rate
3.1%
Median household income
$87K
2025
Key takeaways
- 1The typical home in Montana is worth $467,275, up 2.0% in a year and up 23% over five years. That's the #14 most expensive of 51.
- 2Across 9 cities with rent data, median typical rent is $1,630/mo, roughly a 4.2% gross yield on the typical home.
- 3Median household income was $86,770 in 2025, so the typical home costs 5.4× income.
- 4Unemployment is 3.1% (−0.4 pts in a year).
Home values
Source: Zillow Research (ZHVI, ZORI and market activity data).
Source: FRED, Federal Reserve Bank of St. Louis. Quarterly, all-transactions index.
Montana metro areas
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
Butte, MT
$286K home$1,443 rent6.0% yield
▲ 3.1% 1 yr
Montana cities
9 cities, largest first. Click a column to sort.
9 cities
| Billings | $401K | ▲ 2.4% | $1,393 | ▲ 3.6% | 4.2% |
| Missoula | $564K | ▲ 1.1% | $1,622 | ▲ 2.7% | 3.5% |
| Bozeman | $722K | ▲ 0.8% | $2,199 | ▲ 4.4% | 3.7% |
| Great Falls | $338K | ▲ 2.7% | $1,433 | ▲ 4.1% | 5.1% |
| Helena | $478K | ▲ 2.9% | $1,630 | ▲ 2.9% | 4.1% |
| Kalispell | $556K | ▲ 1.8% | $1,888 | ▲ 3.1% | 4.1% |
| Butte | $286K | ▲ 3.1% | $1,443 | ▲ 5.4% | 6.0% |
| Belgrade | $548K | ▼ 0.1% | $2,134 | ▲ 3.3% | 4.7% |
| Whitefish | $870K | ▲ 1.7% | $2,790 | ▲ 7.0% | 3.8% |
Data refreshed Oct 26, 2026.