Missoula, MT—59801
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Missoula, MT
As of Oct '25, the median home price in Missoula, MT is $495,000, with a year-over-year change of -1.0%. This indicates that home prices in Missoula, MT are flat. 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 | $495,000 | -1.0% |
| Single Family | $498,000 | -1.2% |
| Condos | $383,000 | -1.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $361,000 | -3.0% |
2 Bed | $436,000 | -1.1% |
3 Bed | $498,000 | -1.0% |
4 Bed | $601,000 | -1.0% |
| 5 Bed | $689,000 | -1.6% |
% of Housing Stock
Rental Trends — Missoula, MT
As of July '25, Rentcast reports the average rent in Missoula, MT is $1,600, with a year-over-year rent change of 5.3%. Per bedroom, the median rent as of July '25 in Missoula, MT is studios: $1,060, 1-bedrooms: $1,250, 2-bedrooms: $1,610, 3-bedrooms: $2,300, 4-bedrooms: $2,420. The most common rental property sizes in Missoula, MT are 2-bedroom and 1-bedroom, accounting for 41.2% and 28.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,450 | $1,600 |
| Studio Rent | $900 | $1,060 |
| 1 Bed Rent | $1,200 | $1,250 |
| 2 Bed Rent | $1,540 | $1,610 |
| 3 Bed Rent | $2,300 | $2,300 |
| 4 Bed Rent | $2,800 | $2,420 |
% of Rental Stock
Property Listings — Missoula, MT
As of Oct '25, Realtor.com reports that the median days on market for a home in Missoula, MT is 73. This is a increase of 1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $522,000 | -4.0% |
Listing Count | 108 | -6.0% |
| Listings as % of Homes | 0.4% | -6.0% |
Days on Market | 73 | 1.0% |
Demographics — Missoula, MT
As of the latest ACS Survey released in 2023, Missoula, MT has a population of 31,100, which has decreased by -4.7% over the past 5 years. Missoula, MT is a moderately popular place for families, as children make up 16.2% of the population. The area has a highly educated workforce, with 51.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 31,100 | -4.7% |
% Under 18 | 16.2% | 4.5% |
% Seniors | 12.5% | 20.2% |
% WFH | 13.4% | 197.8% |
% w/ College Degree | 51.4% | 12.7% |
As of the latest ACS Survey released in 2023, Missoula, MT is a predominantly white area, with 84.8% of the population identifying as white. The white population has shrunk by 1.7% in the last 5 years. The second most common race or ethnicity in Missoula, MT is hispanic, making up 5.4% of the population. Foreign-born residents account for 3.8% of the population in Missoula, MT, and this percentage has decreased by 2.6% 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 | 84.8% | -1.7% |
% Black | 1.5% | 400.0% |
% Hispanic | 5.4% | 42.1% |
% Asian | 0.8% | -72.4% |
% Foreign Born | 3.8% | -2.6% |
Mortgage and Risk — Missoula, MT
According to HUD data as of 2023, there were 298 mortgage originations in Missoula, MT, of which 95.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 13.0% above 90% LTV (elevated). This implies medium mortgage risk in Missoula, MT. Investor activity is low, as 2.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 298 |
% Conventional Loans | 95.0% |
% Government Loans | 5.0% |
% Investor Loans | 2.0% |
% Second Loans | 5.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Missoula, MT
As of 2024, the percent of homes in Missoula, MT under the Section 8 program is 9.0%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Missoula, MT, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 804 |
Total Units Section 8 | 754 |
% Rentals under Section 8 | 9.0% |
% Occupied Section 8 | 79.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $90 | $1,200 | $1,290 |
| 2 Bedroom | $0 | $1,540 | $1,540 |
| 3 Bedroom | -$140 | $2,300 | $2,160 |
| 4 Bedroom | -$210 | $2,800 | $2,590 |
Affordability — Missoula, MT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 8.5 |
| Median Home Price | $495,000 |
| Median Household Income | $55,000 |