Cascade, MT—59421
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Cascade, MT
As of Oct '25, the median home price in Cascade, MT is $390,000, with a year-over-year change of 6.1%. This indicates that home prices in Cascade, MT are increasing. According to Zillow, the 1-year price projection is 5.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $390,000 | 6.1% |
| Single Family | $389,000 | 5.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $259,000 | 2.4% |
2 Bed | $364,000 | 4.9% |
3 Bed | $507,000 | 5.8% |
4 Bed | $536,000 | 7.2% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Cascade, MT
As of July '25, Rentcast reports the average rent in Cascade, MT is $1,280, with a year-over-year rent change of -41.6%. Per bedroom, the median rent as of July '25 in Cascade, MT is studios: $375, 3-bedrooms: $2,190. The most common rental property sizes in Cascade, MT are 2-bedroom and 4-bedroom, accounting for 56.2% and 25.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $375 | $1,280 |
| Studio Rent | $375 | $375 |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $2,190 | $2,190 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Cascade, MT
As of Oct '25, Realtor.com reports that the median days on market for a home in Cascade, MT is 118. This is a increase of 14.0% 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 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $584,000 | -16.0% |
Listing Count | 25 | -4.0% |
| Listings as % of Homes | 0.8% | -4.0% |
Days on Market | 118 | 14.0% |
Demographics — Cascade, MT
As of the latest ACS Survey released in 2023, Cascade, MT has a population of 2,040, which has increased by 20.2% over the past 5 years. Cascade, MT is a moderately popular place for families, as children make up 16.4% of the population. The area has a moderately educated workforce, with 29.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 2,040 | 20.2% |
% Under 18 | 16.4% | 6.5% |
% Seniors | 28.4% | -12.9% |
% WFH | 15.7% | 115.1% |
% w/ College Degree | 29.7% | 4.2% |
As of the latest ACS Survey released in 2023, Cascade, MT is a predominantly white area, with 92.9% of the population identifying as white. The white population has shrunk by 2.3% in the last 5 years. The second most common race or ethnicity in Cascade, MT is hispanic, making up 2.2% of the population. Foreign-born residents account for 0.2% of the population in Cascade, MT, and this percentage has decreased by 84.6% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 92.9% | -2.3% |
% Black | 0.0% | -100.0% |
% Hispanic | 2.2% | 46.7% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.2% | -84.6% |
Mortgage and Risk — Cascade, MT
According to HUD data as of 2023, there were 29 mortgage originations in Cascade, MT, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in Cascade, MT. Investor activity is low, as 3.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 29 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Cascade, MT
Cascade, MT lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 20 |
Total Units Section 8 | 20 |
% Rentals under Section 8 | 15.4% |
% Occupied Section 8 | 87.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $950 |
| 2 Bedroom | N/A | N/A | $1,250 |
| 3 Bedroom | -$450 | $2,190 | $1,740 |
| 4 Bedroom | N/A | N/A | $1,970 |
Affordability — Cascade, MT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.5 |
| Median Home Price | $390,000 |
| Median Household Income | $71,700 |