Helena, MT—59601
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Helena, MT
Home Price Trends — Helena, MT
As of Oct '25, the median home price in Helena, MT is $426,000, with a year-over-year change of 3.3%. This indicates that home prices in Helena, MT are increasing. According to Zillow, the 1-year price projection is 3.1%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $426,000 | 3.3% |
| Single Family | $434,000 | 3.3% |
| Condos | $362,000 | 2.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $267,000 | 3.1% |
2 Bed | $339,000 | 4.0% |
3 Bed | $431,000 | 3.1% |
4 Bed | $483,000 | 3.6% |
| 5 Bed | $567,000 | 3.3% |
% of Housing Stock
Rental Trends — Helena, MT
As of July '25, Rentcast reports the average rent in Helena, MT is $1,640, with a year-over-year rent change of 3.1%. Per bedroom, the median rent as of July '25 in Helena, MT is studios: $924, 1-bedrooms: $1,300, 2-bedrooms: $1,590, 3-bedrooms: $1,920, 4-bedrooms: $2,730. The most common rental property sizes in Helena, MT are 2-bedroom and 1-bedroom, accounting for 40.7% and 24.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,540 | $1,640 |
| Studio Rent | $900 | $924 |
| 1 Bed Rent | $1,280 | $1,300 |
| 2 Bed Rent | $1,500 | $1,590 |
| 3 Bed Rent | $1,750 | $1,920 |
| 4 Bed Rent | $2,700 | $2,730 |
% of Rental Stock
Property Listings — Helena, MT
As of Oct '25, Realtor.com reports that the median days on market for a home in Helena, MT is 59. This is a increase of 11.0% 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 24.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $459,000 | -8.0% |
Listing Count | 147 | 36.0% |
| Listings as % of Homes | 0.3% | 36.0% |
Days on Market | 59 | 11.0% |
Demographics — Helena, MT
As of the latest ACS Survey released in 2023, Helena, MT has a population of 31,800, which has increased by 1.1% over the past 5 years. Helena, MT is a moderately popular place for families, as children make up 19.3% of the population. The area has a highly educated workforce, with 50.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 31,800 | 1.1% |
% Under 18 | 19.3% | 1.6% |
% Seniors | 21.1% | 10.5% |
% WFH | 14.0% | 141.4% |
% w/ College Degree | 50.9% | 10.9% |
As of the latest ACS Survey released in 2023, Helena, MT is a predominantly white area, with 88.5% of the population identifying as white. The white population has shrunk by 1.6% in the last 5 years. The second most common race or ethnicity in Helena, MT is hispanic, making up 3.9% of the population. Foreign-born residents account for 1.3% of the population in Helena, MT, and this percentage has decreased by 13.3% 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 | 88.5% | -1.6% |
% Black | 0.8% | 60.0% |
% Hispanic | 3.9% | -7.1% |
% Asian | 0.7% | 0.0% |
% Foreign Born | 1.3% | -13.3% |
Mortgage and Risk — Helena, MT
According to HUD data as of 2023, there were 429 mortgage originations in Helena, MT, of which 86.0% 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 Helena, MT. Investor activity is low, as 2.0% 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 | 429 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 2.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Helena, MT
Helena, MT lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1,161 |
Total Units Section 8 | 694 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 83.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$30 | $1,280 | $1,250 |
| 2 Bedroom | $80 | $1,500 | $1,580 |
| 3 Bedroom | $330 | $1,750 | $2,080 |
| 4 Bedroom | -$330 | $2,700 | $2,370 |
Affordability — Helena, MT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.5 |
| Median Home Price | $426,000 |
| Median Household Income | $70,500 |