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Great Falls, MT—59401

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$280,000
7.7% YoY Growth
Household Income
$53,800
36.0% YoY Growth
Days on Market
63
12.0% Shorter YoY
Home Price Forecast
5.8%
Median Rent
$1,250
9.2% YoY Growth
1-Bed Rent
$895
4.2% YoY Growth
2-Bed Rent
$1,250
9.4% YoY Growth
3-Bed Rent
$1,600
2.6% YoY Growth

Other Zip Codes in Great Falls, MT

5940559404
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Great Falls, MT

As of Dec '25, the median home price in Great Falls, MT is $280,000, with a year-over-year change of 7.7%. This indicates that home prices in Great Falls, MT are increasing. According to Zillow, the 1-year price projection is 5.8%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$280,0007.7%
Single Family $280,0007.3%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • $180,000
    10.4%
    2 Bed
    		$233,0007.4%
    3 Bed
    		$281,0007.3%
    4 Bed
    		$314,0006.1%
    5 Bed $345,0766.3%
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    % of Housing Stock

    Studio
    6.3%
    1 Bedroom
    16.4%
    2 Bedrooms
    30.2%
    3 Bedrooms
    22.5%
    4 Bedrooms
    18.1%
    5+ Bedrooms
    6.4%

    Rental Trends — Great Falls, MT

    As of July '25, Rentcast reports the average rent in Great Falls, MT is $1,310, with a year-over-year rent change of 9.2%. Per bedroom, the median rent as of July '25 in Great Falls, MT is studios: $691, 1-bedrooms: $1,020, 2-bedrooms: $1,280, 3-bedrooms: $1,600, 4-bedrooms: $2,120. The most common rental property sizes in Great Falls, MT are 2-bedroom and 1-bedroom, accounting for 36.1% and 30.8% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,250$1,310
    Studio Rent $695$691
    1 Bed Rent $895$1,020
    2 Bed Rent $1,250$1,280
    3 Bed Rent $1,600$1,600
    4 Bed Rent $2,000$2,120
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    % of Rental Stock

    Studio
    14.5%
    1 Bedroom
    30.8%
    2 Bedrooms
    36.1%
    3 Bedrooms
    9.4%
    4 Bedrooms
    6.5%
    5+ Bedrooms
    2.8%

    Property Listings — Great Falls, MT

    As of Dec '25, Realtor.com reports that the median days on market for a home in Great Falls, MT is 49. This is a increase of 4.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 49.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$305,0006.0%
    Listing Count
    		4210.0%
    Listings as % of Homes0.3%10.0%
    Days on Market
    		63-12.0%
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    Demographics — Great Falls, MT

    As of the latest ACS Survey released in 2023, Great Falls, MT has a population of 13,600, which has remained stable by -0.9% over the past 5 years. Great Falls, MT is a moderately popular place for families, as children make up 17.6% of the population. The area has a moderately educated workforce, with 26.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.8% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		13,600-0.9%
    % Under 18
    		17.6%-9.3%
    % Seniors
    		17.2%21.1%
    % WFH
    		8.8%137.8%
    % w/ College Degree
    		26.7%8.5%
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    As of the latest ACS Survey released in 2023, Great Falls, MT is a predominantly white area, with 81.2% of the population identifying as white. The white population has shrunk by 4.9% in the last 5 years. The second most common race or ethnicity in Great Falls, MT is hispanic, making up 6.2% of the population. Foreign-born residents account for 1.5% of the population in Great Falls, MT, and this percentage has increased by 7.1% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		81.2%-4.9%
    % Black
    		0.8%-38.5%
    % Hispanic
    		6.2%47.6%
    % Asian
    		0.7%133.3%
    % Foreign Born
    		1.5%7.1%
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    Mortgage and Risk — Great Falls, MT

    According to HUD data as of 2023, there were 211 mortgage originations in Great Falls, MT, of which 50.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 49.0% above 90% LTV (very high). This implies large mortgage risk in Great Falls, MT. Investor activity is low, as 2.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		211
    % Conventional Loans
    		50.0%
    % Government Loans
    		50.0%
    % Investor Loans
    		2.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		13.0%
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    Rentals and Section 8 — Great Falls, MT

    As of 2024, the percent of homes in Great Falls, MT under the Section 8 program is 17.0%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Great Falls, MT, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.

    Section 8 Market Size

    Total Units under HUD
    		586
    Total Units Section 8
    		523
    % Rentals under Section 8
    		17.0%
    % Occupied Section 8
    		82.6%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$45$895$850
    2 Bedroom-$140$1,250$1,110
    3 Bedroom-$40$1,600$1,560
    4 Bedroom-$240$2,000$1,760

    Affordability — Great Falls, MT

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio4.2
    Median Home Price$280,000
    Median Household Income$53,800

    Great Falls, MT — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Black Eagle, MT

    59414

    Great Falls, MT

    59404

    Sand Coulee, MT

    59472

    Great Falls, MT

    59405

    Portage, MT

    59440

    Frequently Asked Questions