Conrad, Montana.
Typical home $255,604 (+9.8% in a year).
to buy the typical home at today's mortgage rate — +$840 (+167%) since Jan 2020.
- 1 year
- Up $22,753 +10%
- $232,852$255,604 since Sep 2025
- 5 years
- Up $81,479 +47%
- $174,125$255,604 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Conrad$1,342
- Montana$2,453
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 9 years.
Typical home values in Conrad, MT rose 9.8% over the past year — faster than the nation's +1.2%.
Living in Conrad, Pondera County, Montana
Conrad is a city of 2,318 people in Pondera County. Half its households earn more than $47,857 a year and half less, against $52,338 across Pondera County; 18% of its people live below the poverty line. 63% of its homes are lived in by their owners and 37% are rented. Unemployment in Pondera County was 3.6% in August 2026, and the county had 2.5% fewer jobs in 2025 than the year before. The most residents work in schools and health care, then restaurants and hotels.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Conrad is a small city where homes are mostly lived in by their owners, and residents are somewhat older than in many American communities. Household incomes run below the county's, and a noticeable part of the population lives below the poverty line. Winters are cold and snowy, with January the coldest month and July the warmest, and the town sees little rain and melted snow over a year.
Work. Many residents work in schools, hospitals and social care, with restaurants, hotels, shops and wholesale trade also providing jobs. Across Pondera County, the largest workplaces include Logan Health Conrad, a critical access hospital, and the school districts of Conrad and Valier. Unemployment in the county is low and has barely changed from a year earlier, though the county has fewer jobs than it did the year before, and most commutes are short.
Things to do. Water is the main draw nearby. Lake Frances is a reservoir a longer drive away, and Birch Creek is a river in the same range, both suited to a day out. For a different kind of trip, The Montana Dinosaur Center is a museum, also a longer drive away.
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- 1,026households
- 23%of adults have a degree
- 18%below the poverty line
- 15 mintypical commute
- 7%work from home
What residents work in
Employed residents by industry, from the Census survey. Pondera County had 1,523 jobs in 2025, 2.5% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 34° and lows near 11°; warmest in July, with highs near 82° and lows near 52°. About 47 inches of snow and 13 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Conrad weather station, under a mile away (NOAA).
Largest workplaces in Pondera County
- Logan Health ConradCritical access hospital73FTE
- Conrad Elem SchoolsSchool district41FTE
- Heart Butte K-12 SchoolsSchool district37FTE
- Valier Elem SchoolsSchool district23FTE
Hospitals come from their Medicare cost reports (CMS, 2023) and school districts from the Common Core of Data (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Cold wavesVery high
- Winter weatherVery high
- Inland floodingRelatively high
- DroughtRelatively moderate
- WildfireRelatively moderate
- Strong windRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Conrad’s census tracts, against the rest of the country; all of them together, relatively high. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Pondera County.
Conrad home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Conrad$255,604
- Montana$467,275
- United States$366,157
Sellers are cutting prices on about 1 in 8 Conrad listings — the market is roughly in balance.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Conrad12.71%
- United States26.36%
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Conrad22
New listings per month
Sellers arriving at the market.
Not enough data to draw this yet.
Zip codes with a Conrad address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Conrad — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.