Belgrade, MT—59714
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Belgrade, MT
As of Oct '25, the median home price in Belgrade, MT is $547,000, with a year-over-year change of -2.4%. This indicates that home prices in Belgrade, MT are decreasing. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $547,000 | -2.4% |
| Single Family | $562,000 | -2.4% |
| Condos | $347,000 | -3.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $396,000 | -0.3% |
2 Bed | $423,000 | -2.1% |
3 Bed | $520,000 | -2.4% |
4 Bed | $639,000 | -2.1% |
| 5 Bed | $733,000 | -2.9% |
% of Housing Stock
Rental Trends — Belgrade, MT
As of July '25, Rentcast reports the average rent in Belgrade, MT is $2,360, with a year-over-year rent change of -2.9%. Per bedroom, the median rent as of July '25 in Belgrade, MT is studios: $1,350, 1-bedrooms: $1,310, 2-bedrooms: $1,780, 3-bedrooms: $2,470, 4-bedrooms: $3,250. The most common rental property sizes in Belgrade, MT are 3-bedroom and 2-bedroom, accounting for 41.8% and 27.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,250 | $2,360 |
| Studio Rent | $600 | $1,350 |
| 1 Bed Rent | $1,520 | $1,310 |
| 2 Bed Rent | $1,750 | $1,780 |
| 3 Bed Rent | $2,400 | $2,470 |
| 4 Bed Rent | $3,200 | $3,250 |
% of Rental Stock
Property Listings — Belgrade, MT
As of Oct '25, Realtor.com reports that the median days on market for a home in Belgrade, MT is 76. This is a increase of 42.0% 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 37.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $591,000 | -3.0% |
Listing Count | 155 | 12.0% |
| Listings as % of Homes | 0.8% | 12.0% |
Days on Market | 76 | 42.0% |
Demographics — Belgrade, MT
As of the latest ACS Survey released in 2023, Belgrade, MT has a population of 23,900, which has increased by 17.8% over the past 5 years. Belgrade, MT is a moderately popular place for families, as children make up 24.2% of the population. The area has a moderately educated workforce, with 37.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 23,900 | 17.8% |
% Under 18 | 24.2% | -8.3% |
% Seniors | 11.6% | 12.6% |
% WFH | 9.4% | 88.0% |
% w/ College Degree | 37.1% | 12.4% |
As of the latest ACS Survey released in 2023, Belgrade, MT is a predominantly white area, with 89.9% of the population identifying as white. The white population has shrunk by 3.7% in the last 5 years. The second most common race or ethnicity in Belgrade, MT is hispanic, making up 4.7% of the population. Foreign-born residents account for 2.2% of the population in Belgrade, MT, and this percentage has increased by 46.7% 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 | 89.9% | -3.7% |
% Black | 0.1% | 0.0% |
% Hispanic | 4.7% | 38.2% |
% Asian | 0.3% | -40.0% |
% Foreign Born | 2.2% | 46.7% |
Mortgage and Risk — Belgrade, MT
According to HUD data as of 2023, there were 480 mortgage originations in Belgrade, MT, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Belgrade, 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 | 480 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 1.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Belgrade, MT
Belgrade, MT lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 64 |
Total Units Section 8 | 63 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 74.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $20 | $1,520 | $1,540 |
| 2 Bedroom | $230 | $1,750 | $1,980 |
| 3 Bedroom | $370 | $2,400 | $2,770 |
| 4 Bedroom | $80 | $3,200 | $3,280 |
Affordability — Belgrade, MT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6 |
| Median Home Price | $547,000 |
| Median Household Income | $89,200 |