Montana Average Home Price by City (2026)

The average home price in Montana (MT) is about $418,500 — the 2026 median, at ~$280/sq ft — 45% more expensive than the typical U.S. home.

$418,500
Montana median value
$280
Median price / sq ft
~1,490
sq ft a median budget buys
+45%
vs U.S. median
Missoula — $568,000MissoulaBillings — $401,500BillingsGreat Falls — $327,000Great Falls

Shaded by price · click a city to explore. Colour = median home value.

Considering a move to Montana?

Housing in Montana is 45% more expensive than the national average, with a typical home around $418,500 and a local rate near $280 per square foot. Among the 3 Montana cities we track, Missoula is the most expensive (median $568,000) and Great Falls is the most affordable (median $327,000) — so where you land in the state matters as much as the state itself.

Browse Montana cities

Missoula$568,000Billings$401,500Great Falls$327,000

Montana home prices by county

12 Montana counties with enough data for their own page, priciest first:

Madison County$708,500Park County$697,500Lake County$661,000Gallatin County$651,000Missoula County$593,000Flathead County$579,000Ravalli County$563,000Carbon County$509,000Lewis and Clark County$454,000Yellowstone County$393,500Cascade County$364,000Fergus County$282,500

Don’t see your city? Use the free Home Value Estimator for any U.S. ZIP, see the most expensive ZIP codes in America, or browse the full U.S. directory.

Home value appreciation in Montana

Home prices in Montana have risen about 105% over the last 10 years (≈7.4% a year) and +150.5% over 20 years, according to the FHFA house price index through 2025. The most recent year came in at +2.3% — still rising. A home worth $418,500 today was worth roughly $204,146 ten years ago.

+2.3%
1-year change
+61.8%
5-year change
+105.0%
10-year change
+150.5%
20-year change

See where that trend takes a specific home with the home appreciation calculator — nationally the median state is +85.6% over 10 years. Past appreciation is a track record, not a forecast; local prices can fall.

Calculators for Montana

Run the numbers for Montana with the local rates already filled in — change any input to test your own situation.

Property taxannual tax at local effective ratesAffordability by salarythe price your income supports hereMonthly paymentPITI on a home at this priceRent affordabilityyour max rent vs the local medianUtility costselectric, gas, water and internet per monthHome insurancetypical premium for this stateCost to buildnew-construction cost per sq ft here

Salary needed to buy a home in Montana

To buy the typical $418,500 home in Montana with 20% down, you need a household income of roughly $114,000 a year (about $2,660 a month for the mortgage, taxes, and insurance). With 10% down the bar rises to about $135,000, because the loan is bigger and mortgage insurance kicks in.

Down paymentCash downMonthly paymentIncome needed
5% (+PMI)$20,900$3,300/mo$142,000/yr
10% (+PMI)$41,900$3,160/mo$135,000/yr
20%$83,700$2,660/mo$114,000/yr

Assumes a 30-year fixed mortgage at 6.5%, property tax at 1.1% and insurance at 0.45% of value per year, PMI of 0.75% on loans with less than 20% down, and the standard 28% housing-to-income rule. Your rate, taxes, and HOA will move these — run your own numbers in the mortgage calculator.

What your budget buys in Montana

At about $280 per square foot, here is roughly how much home different budgets get you in Montana:

BudgetApprox. sizeWhat that looks like locally
$200k710 sq ftbelow the local median — condos, smaller or older homes
$250k890 sq ftbelow the local median — condos, smaller or older homes
$300k1070 sq ftbelow the local median — condos, smaller or older homes
$400k1430 sq ftaround the typical home here
$500k1790 sq ftaround the typical home here

Wondering where that budget goes further? The relocation calculator ranks hundreds of U.S. cities by what the same money buys — it opens filtered to Montana so you can compare your current home against every Montana city we track.

Montana home prices: frequently asked

What salary do you need to buy a house in Montana? +
For the typical $418,500 home in Montana, a household income of about $114,000 a year covers the payment with 20% down (a 30-year fixed at 6.5%, plus taxes and insurance, under the 28% rule). With 10% down you need roughly $135,000; with 5% down about $142,000.
What is the average home price in Montana? +
The average home price in Montana is about $418,500 as of 2026, at roughly $280 per square foot — 45% more expensive than the U.S. median of $289,000. That figure is the statewide median across the ZIP codes we track, which is what most price reports mean by the average.
What is the median home price in Montana (MT)? +
About $418,500 in 2026. The median is the mid-point home — half of homes cost more, half less — and it is the better yardstick than a true mean, which a handful of luxury sales can drag upward. At $280/sq ft, a median budget in Montana buys roughly 1,490 sq ft of home.
Where is Montana most and least expensive? +
Among the 3 Montana cities tracked here, Missoula is the priciest (median $568,000) and Great Falls is the most affordable (median $327,000). ZIP-level prices within one city vary further, so check the city page for your area.
Are home values in Montana going up? +
Over the last 10 years home prices in Montana changed about +105.0% (≈7.4% a year), and +2.3% in the latest year, according to the FHFA house price index through 2025. Over 20 years: +150.5%. Past gains are not a guarantee of future ones.