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Montana.

14th most expensive state. Typical home $467,275 (+2.0% in a year), estimated payment $2,576 a month. As of Sep 2026.

What it costs per month · Montana $2,453/mo

to buy the typical home at today's mortgage rate — +$1,452 (+145%) since Jan 2020.

What the home itself did
1 year
Up $9,303 +2%
$457,972$467,275 since Sep 2025
5 years
Up $88,483 +23%
$378,791$467,275 since Sep 2021
10 years
Up $239,496 +105%
$227,778$467,275 since Sep 2016

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.

$500 $1,000 $1,500 $2,000 $2,500 2002 2006 2010 2014 2018 2022 2026 Montana $2,453 United States $1,922
$500 $1,000 $1,500 $2,000 $2,500 2002 2010 2018 2026
  • Montana$2,453
  • United States$1,922

At the last five years' pace, a typical home here doubles in price every 17 years.

Typical home values in Montana rose 2.0% over the past year — faster than the nation's +1.2%.

Buying the typical Montana home now takes 43% of the median household income ($72,509/yr, ACS 2020–2024) — the standard affordability line is 30%.

Share of median income needed to buy

Monthly payment for the typical home against the local median household income. Income is an annual survey, stepped — the saw-teeth are survey years, not markets.

20% 30% 40% 2011 2014 2017 2020 2023 2026 Montana 40.59% United States 28.57%
20% 30% 40% 2014 2020 2026
  • Montana40.59%
  • United States28.57%

Montana home values

Zillow Home Value Index against the national figure. Mid-tier homes, smoothed and seasonally adjusted.

$200,000 $300,000 $400,000 2006 2010 2014 2018 2022 2026 Montana $467,275 United States $366,157
$200,000 $300,000 $400,000 2010 2018 2026
  • Montana$467,275
  • United States$366,157

Metros in Montana

Metros Counties Cities

Largest first, by population. Zillow publishes rent for fewer metros than home values, so a dash means no series — not a market at zero.

# Metro Rent 1-yr Δ Home value 1-yr Δ
1 Bozeman $2,201 +3.8% $697,749 +1.1%
2 Kalispell $2,025 +3.6% $646,137 +2.0%
3 Missoula $1,622 +2.7% $569,814 +1.3%
4 Helena $1,646 +3.4% $473,368 +3.0%
5 Billings $1,390 +3.7% $409,623 +2.6%
6 Great Falls $1,428 +4.0% $339,963 +2.7%
7 Butte $1,443 +5.4% $286,303 +3.1%

Go deeper: every zip in Montana.