Helena, MT—59602
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 $518,000, with a year-over-year change of 2.0%. This indicates that home prices in Helena, MT are increasing. According to Zillow, the 1-year price projection is 3.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $518,000 | 2.0% |
| Single Family | $521,000 | 2.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $453,000 | 1.6% |
2 Bed | $436,000 | 2.1% |
3 Bed | $505,000 | 2.2% |
4 Bed | $567,000 | 2.3% |
| 5 Bed | $659,000 | 2.3% |
% of Housing Stock
Rental Trends — Helena, MT
As of July '25, Rentcast reports the average rent in Helena, MT is $1,810, with a year-over-year rent change of -2.7%. Per bedroom, the median rent as of July '25 in Helena, MT is studios: $1,850, 1-bedrooms: $1,380, 2-bedrooms: $1,500, 3-bedrooms: $2,110, 4-bedrooms: $3,100. The most common rental property sizes in Helena, MT are 3-bedroom and 2-bedroom, accounting for 33.1% and 32.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,700 | $1,810 |
| Studio Rent | $1,850 | $1,850 |
| 1 Bed Rent | $1,380 | $1,380 |
| 2 Bed Rent | $1,400 | $1,500 |
| 3 Bed Rent | $2,150 | $2,110 |
| 4 Bed Rent | $3,100 | $3,100 |
% 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 67. This is a decrease of -10.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $638,000 | -9.0% |
Listing Count | 159 | 22.0% |
| Listings as % of Homes | 0.7% | 22.0% |
Days on Market | 67 | -10.0% |
Demographics — Helena, MT
As of the latest ACS Survey released in 2023, Helena, MT has a population of 30,400, which has increased by 14.1% over the past 5 years. Helena, MT is a moderately popular place for families, as children make up 24.1% of the population. The area has a moderately educated workforce, with 38.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 30,400 | 14.1% |
% Under 18 | 24.1% | -2.4% |
% Seniors | 18.3% | 17.3% |
% WFH | 11.2% | 86.7% |
% w/ College Degree | 38.8% | 12.1% |
As of the latest ACS Survey released in 2023, Helena, MT is a predominantly white area, with 89.2% of the population identifying as white. The white population has shrunk by 3.8% in the last 5 years. The second most common race or ethnicity in Helena, MT is hispanic, making up 4.1% of the population. Foreign-born residents account for 2.3% of the population in Helena, MT, and this percentage has increased by 43.8% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 89.2% | -3.8% |
% Black | 0.3% | 200.0% |
% Hispanic | 4.1% | 70.8% |
% Asian | 0.7% | 0.0% |
% Foreign Born | 2.3% | 43.8% |
Mortgage and Risk — Helena, MT
According to HUD data as of 2023, there were 604 mortgage originations in Helena, MT, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Helena, MT. Investor activity is low, as 1.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 604 |
% Conventional Loans | 78.0% |
% Government Loans | 22.0% |
% Investor Loans | 1.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 12.0% |
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 | 130 |
Total Units Section 8 | 130 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 80.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $200 | $1,380 | $1,580 |
| 2 Bedroom | $600 | $1,400 | $2,000 |
| 3 Bedroom | $490 | $2,150 | $2,640 |
| 4 Bedroom | -$100 | $3,100 | $3,000 |
Affordability — Helena, MT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.3 |
| Median Home Price | $518,000 |
| Median Household Income | $87,800 |