Butte, MT 59701 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Butte, MT—59701

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$271,000

2.0% YoY Growth

Household Income

$56,800

37.4% YoY Growth

Days on Market

16.0% Shorter YoY

Home Price Forecast

3.5%

Median Rent

$1,400

9.1% YoY Growth

1-Bed Rent

$1,000

23.2% YoY Growth

2-Bed Rent

$1,350

10.3% YoY Growth

3-Bed Rent

$1,700

6.1% YoY Growth

Home Price Trends — Butte, MT

As of Dec '25, the median home price in Butte, MT is $271,000, with a year-over-year change of 2.0%. This indicates that home prices in Butte, MT are increasing. According to Zillow, the 1-year price projection is 3.5%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$271,000	2.0%
Single Family	$272,000	2.6%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Butte, MT

As of July '25, Rentcast reports the average rent in Butte, MT is $1,560, with a year-over-year rent change of 9.1%. Per bedroom, the median rent as of July '25 in Butte, MT is studios: $988, 1-bedrooms: $1,130, 2-bedrooms: $1,390, 3-bedrooms: $1,750, 4-bedrooms: $2,270. The most common rental property sizes in Butte, MT are 2-bedroom and 1-bedroom, accounting for 37.6% and 30.8% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,400	$1,560
Studio Rent	$750	$988
1 Bed Rent	$1,000	$1,130
2 Bed Rent	$1,350	$1,390
3 Bed Rent	$1,700	$1,750
4 Bed Rent	$2,200	$2,270

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% of Rental Stock

Studio

7.7%

1 Bedroom

30.8%

2 Bedrooms

37.6%

3 Bedrooms

18.1%

4 Bedrooms

5.0%

5+ Bedrooms

0.9%

Property Listings — Butte, MT

As of Dec '25, Realtor.com reports that the median days on market for a home in Butte, MT is 77. This is a decrease of -21.0% 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 13.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$327,000	1.0%
Listing Count	162	-12.0%
Listings as % of Homes	0.7%	-12.0%
Days on Market	89	-16.0%

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Demographics — Butte, MT

As of the latest ACS Survey released in 2023, Butte, MT has a population of 34,200, which has increased by 1.8% over the past 5 years. Butte, MT is a moderately popular place for families, as children make up 20.8% of the population. The area has a moderately educated workforce, with 27.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.0% reporting working from home.

Metric	Latest Census	YoY % Change
Population	34,200	1.8%
% Under 18	20.8%	3.5%
% Seniors	19.3%	5.5%
% WFH	7.0%	125.8%
% w/ College Degree	27.3%	4.6%

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As of the latest ACS Survey released in 2023, Butte, MT is a predominantly white area, with 89.3% of the population identifying as white. The white population has shrunk by 1.2% in the last 5 years. The second most common race or ethnicity in Butte, MT is hispanic, making up 4.6% of the population. Foreign-born residents account for 1.4% of the population in Butte, MT, and this percentage has decreased by 44.0% 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	89.3%	-1.2%
% Black	0.1%	-83.3%
% Hispanic	4.6%	-2.1%
% Asian	0.3%	-62.5%
% Foreign Born	1.4%	-44.0%

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Mortgage and Risk — Butte, MT

According to HUD data as of 2023, there were 544 mortgage originations in Butte, MT, of which 68.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 30.0% above 90% LTV (very high). This implies large mortgage risk in Butte, MT. Investor activity is low, as 3.0% of loans were by investors. 17.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	544
% Conventional Loans	68.0%
% Government Loans	32.0%
% Investor Loans	3.0%
% Second Loans	2.0%
% Cash Out Refinance	17.0%

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Rentals and Section 8 — Butte, MT

Butte, MT lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	1,082
Total Units Section 8	1,022
% Rentals under Section 8	N/A
% Occupied Section 8	76.9%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$80	$1,000	$1,080
2 Bedroom	$20	$1,350	$1,370
3 Bedroom	$220	$1,700	$1,920
4 Bedroom	-$10	$2,200	$2,190

Butte, MT—59701

Key Metrics at a Glance

Home Price Trends — Butte, MT

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Butte, MT

% of Rental Stock

Property Listings — Butte, MT

Demographics — Butte, MT

Race and Ethnicity

Mortgage and Risk — Butte, MT

Mortgages

Rentals and Section 8 — Butte, MT

Section 8 Market Size

Section 8 Opportunity

Affordability — Butte, MT

Home Price to Income Ratio

Butte, MT — ZIP Code Boundary Map

Nearby ZIP Codes

Miles Crossing

Buxton, MT

Bernice

Whitehall, MT

Dewey, MT

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	4.3
Median Home Price	$271,000
Median Household Income	$56,800

Butte, MT—59701

Key Metrics at a Glance

Home Price Trends — Butte, MT

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Butte, MT

% of Rental Stock

Property Listings — Butte, MT

Demographics — Butte, MT

Race and Ethnicity

Mortgage and Risk — Butte, MT

Mortgages

Rentals and Section 8 — Butte, MT

Section 8 Market Size

Section 8 Opportunity

Affordability — Butte, MT

Home Price to Income Ratio

Butte, MT — ZIP Code Boundary Map

Nearby ZIP Codes

Miles Crossing

Buxton, MT

Bernice

Whitehall, MT

Dewey, MT

Frequently Asked Questions

What is the average home price in Butte, MT 59701?

How have home prices in Butte, MT 59701 changed over the past year?

What is the home price projection for Butte, MT 59701?

What are the demographics of Butte, MT 59701?

How long does it take homes to sell in Butte, MT 59701?

What is the average rent price in Butte, MT 59701?