Great Falls, Montana.
Typical home $337,936 (+2.7% in a year), asking rent $1,433 (+4.1%). Great Falls, MT metro.
to buy the typical home at today's mortgage rate — +$1,062 (+149%) since Jan 2020.
- 1 year
- Up $8,820 +3%
- $329,116$337,936 since Sep 2025
- 5 years
- Up $99,292 +42%
- $238,644$337,936 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.
- Great Falls$1,774
- Montana$2,453
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 10 years.
Typical home values in Great Falls, MT rose 2.7% over the past year — faster than the nation's +1.2%.
Asking rents in Great Falls, MT rose 4.1% over the past year — faster than the nation's +2.7%.
Owning the typical home in Great Falls runs $949/mo more than renting one. The gap peaked at $953 in Jan 2025.
That is $2,382 a month against $1,433 rent: a $1,774 mortgage payment, plus $246 property tax and $362 insurance & upkeep.
Owning vs renting — Great Falls
The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.
- Owning all in$2,382
- Renting$1,433
- Mortgage only$1,774
Property tax · $246/mo 0.87% of value a year — the ACS 2020-2024 median bill over the median home value for Cascade County, MT
Insurance & upkeep · $362/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.
Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.
Living in Great Falls, Cascade County, Montana
Great Falls is a city of 60,442 people in Cascade County. Half its households earn more than $63,373 a year and half less, against $67,690 across Cascade County; 14% of its people live below the poverty line. 66% of its homes are lived in by their owners and 34% are rented. Unemployment in Great Falls was 3.3% in August 2026, and Cascade County had 0.9% fewer jobs in 2025 than the year before. The most residents work in schools and health care, then shops.
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. Great Falls is a city on the Missouri River in central Montana, with a population somewhat younger than that of many small cities. Incomes run a little below the county's, and most homes are lived in by their owners. Winters are cold and summers are warm, with fairly little rain and snow through the year.
Work. Many residents work in schools, hospitals and social care, followed by shops, restaurants and hotels, and the building trades. Benefis Hospitals, the Great Falls Elem Schools district and the Great Falls H S Schools district are among the largest workplaces in town. Getting to work is quick for most people, and few work from home.
Things to do. The C. M. Russell Museum Complex and the Paris Gibson Square Museum of Art are both in or beside town, and Lake Great Falls is there too, for time by the water. A short drive away are the Roe River and the waterfall that gives the city its name. A longer drive leads to First Peoples Buffalo Jump State Park, a protected area.
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- 26,379households
- 28%of adults have a degree
- 14%below the poverty line
- 15 mintypical commute
- 7%work from home
What residents work in
Employed residents by industry, from the Census survey. Cascade County had 36,192 jobs in 2025, 0.9% fewer than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in December, with highs near 37° and lows near 20°; warmest in July, with highs near 86° and lows near 55°. About 15 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Great Falls 16st weather station, a mile away (NOAA).
Largest workplaces in Great Falls
- Benefis HospitalsGeneral hospital2,511FTE
- Great Falls Elem SchoolsSchool district925FTE
- Great Falls H S SchoolsSchool district393FTE
- Great Falls Clinic Medical CenterGeneral hospital379FTE
- WalmartWarehouse clubs and supercenters351
- WalmartWarehouse clubs and supercenters348
- University of ProvidenceUniversity or college197
- Sletten Construction CompanyCommercial building construction general contractors178
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 53 workplaces with 20 or more staff, 4,037 people in all. Hospitals come from their Medicare cost reports (CMS, 2023), school districts from the Common Core of Data (NCES, 2023–24) and colleges from IPEDS (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
- Winter weatherVery high
- Cold wavesVery high
- Lightningrelatively high in parts of Great FallsRelatively moderate
- Strong windRelatively moderate
- Inland floodingrelatively high in parts of Great FallsRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Great Falls’ census tracts, against the rest of the country; all of them together, relatively moderate. 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 Cascade County and the Great Falls, MT metro.
Great Falls home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Great Falls$337,936
- Montana$467,275
- United States$366,157
Sellers are cutting prices on about 1 in 6 Great Falls listings — the market is heating up.
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.
- Great Falls17.19%
- United States26.90%
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Great Falls319
New listings per month
Sellers arriving at the market.
- Great Falls87
Median sale price
What buyers actually paid — closed sales, not asking prices.
- Great Falls$355,156
- United States$371,407
Zip codes with a Great Falls address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Great Falls — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.
Zip codes in Great Falls
| Zip activate to sort by Zip | Place activate to sort by Place | Population sorted descending, activate to sort ascending | Rent activate to sort by Rent | Home value activate to sort by Home value |
|---|---|---|---|---|
| 59405 | Great Falls | 33,350 | $1,411 | $327,355 |
| 59404 | Great Falls | 28,822 | $1,724 | $389,707 |
| 59401 | Great Falls | 13,255 | $1,352 | $287,584 |