Three Forks, MT—59752
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Three Forks, MT
As of Oct '25, the median home price in Three Forks, MT is $544,000, with a year-over-year change of 0.4%. This indicates that home prices in Three Forks, MT are flat. According to Zillow, the 1-year price projection is 1.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $544,000 | 0.4% |
| Single Family | $546,000 | 0.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $362,000 | -0.5% |
2 Bed | $425,000 | 1.2% |
3 Bed | $561,000 | 0.5% |
4 Bed | $656,000 | 1.4% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Three Forks, MT
As of July '25, Rentcast reports the average rent in Three Forks, MT is $2,630, with a year-over-year rent change of 62.3%. Per bedroom, the median rent as of July '25 in Three Forks, MT is 1-bedrooms: $1,200, 2-bedrooms: $1,480, 3-bedrooms: $2,170. The most common rental property sizes in Three Forks, MT are 3-bedroom and 2-bedroom, accounting for 45.1% and 31.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,900 | $2,630 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,200 | $1,200 |
| 2 Bed Rent | $1,250 | $1,480 |
| 3 Bed Rent | $2,200 | $2,170 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Three Forks, MT
As of Oct '25, Realtor.com reports that the median days on market for a home in Three Forks, MT is 111. This is a increase of 10.0% 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 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $671,000 | 3.0% |
Listing Count | 48 | -6.0% |
| Listings as % of Homes | 2.2% | -6.0% |
Days on Market | 111 | 10.0% |
Demographics — Three Forks, MT
As of the latest ACS Survey released in 2023, Three Forks, MT has a population of 4,980, which has increased by 47.5% over the past 5 years. Three Forks, MT is a moderately popular place for families, as children make up 22.0% of the population. The area has a moderately educated workforce, with 25.7% 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 | 4,980 | 47.5% |
% Under 18 | 22.0% | -6.4% |
% Seniors | 16.3% | -6.3% |
% WFH | 11.2% | 96.5% |
% w/ College Degree | 25.7% | -9.2% |
As of the latest ACS Survey released in 2023, Three Forks, MT is a predominantly white area, with 94.3% of the population identifying as white. The white population has grown by 0.1% in the last 5 years. The second most common race or ethnicity in Three Forks, MT is hispanic, making up 3.1% of the population. Foreign-born residents account for 1.2% of the population in Three Forks, MT, and this percentage has increased by 140.0% 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 | 94.3% | 0.1% |
% Black | 0.0% | N/A |
% Hispanic | 3.1% | 72.2% |
% Asian | 0.8% | 166.7% |
% Foreign Born | 1.2% | 140.0% |
Mortgage and Risk — Three Forks, MT
According to HUD data as of 2023, there were 60 mortgage originations in Three Forks, MT, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in Three Forks, MT. Investor activity is low, as 0.0% 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 | 60 |
% Conventional Loans | 78.0% |
% Government Loans | 22.0% |
% Investor Loans | 0.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Three Forks, MT
Three Forks, MT lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $290 | $1,200 | $1,490 |
| 2 Bedroom | $630 | $1,250 | $1,880 |
| 3 Bedroom | $360 | $2,200 | $2,560 |
| 4 Bedroom | N/A | N/A | $3,090 |
Affordability — Three Forks, MT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.3 |
| Median Home Price | $544,000 |
| Median Household Income | $82,200 |