Missoula, MT—59802
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 $544,000, with a year-over-year change of 1.2%. This indicates that home prices in Missoula, 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 | $544,000 | 1.2% |
| Single Family | $552,000 | 1.1% |
| Condos | $330,000 | -1.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $330,000 | 1.5% |
2 Bed | $410,000 | 1.0% |
3 Bed | $589,000 | 1.2% |
4 Bed | $713,000 | 0.8% |
| 5 Bed | $862,000 | 1.1% |
% of Housing Stock
Rental Trends — Missoula, MT
As of July '25, Rentcast reports the average rent in Missoula, MT is $1,550, with a year-over-year rent change of 3.3%. Per bedroom, the median rent as of July '25 in Missoula, MT is studios: $995, 1-bedrooms: $1,320, 2-bedrooms: $1,610, 3-bedrooms: $2,230, 4-bedrooms: $2,330. The most common rental property sizes in Missoula, MT are 1-bedroom and 2-bedroom, accounting for 37.2% and 35.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,400 | $1,550 |
| Studio Rent | $1,050 | $995 |
| 1 Bed Rent | $1,300 | $1,320 |
| 2 Bed Rent | $1,500 | $1,610 |
| 3 Bed Rent | $2,300 | $2,230 |
| 4 Bed Rent | $2,880 | $2,330 |
% 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 69. This is a increase of 16.0% 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 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $751,000 | 15.0% |
Listing Count | 75 | 51.0% |
| Listings as % of Homes | 0.3% | 51.0% |
Days on Market | 69 | 16.0% |
Demographics — Missoula, MT
As of the latest ACS Survey released in 2023, Missoula, MT has a population of 19,800, which has increased by 2.0% over the past 5 years. Missoula, MT is a less popular place for families, as children make up 14.9% of the population. The area has a highly educated workforce, with 51.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 19,800 | 2.0% |
% Under 18 | 14.9% | 6.4% |
% Seniors | 16.1% | 13.4% |
% WFH | 15.0% | 188.5% |
% w/ College Degree | 51.8% | 11.9% |
As of the latest ACS Survey released in 2023, Missoula, MT is a predominantly white area, with 83.4% of the population identifying as white. The white population has shrunk by 8.0% in the last 5 years. The second most common race or ethnicity in Missoula, MT is hispanic, making up 7.1% of the population. Foreign-born residents account for 1.9% of the population in Missoula, MT, and this percentage has decreased by 45.7% 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 | 83.4% | -8.0% |
% Black | 0.2% | -66.7% |
% Hispanic | 7.1% | 184.0% |
% Asian | 1.7% | 21.4% |
% Foreign Born | 1.9% | -45.7% |
Mortgage and Risk — Missoula, MT
According to HUD data as of 2023, there were 191 mortgage originations in Missoula, MT, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 8.0% above 90% LTV (normal). This implies small mortgage risk in Missoula, MT. Investor activity is low, as 3.0% of loans were by investors. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 191 |
% Conventional Loans | 93.0% |
% Government Loans | 7.0% |
% Investor Loans | 3.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Missoula, MT
As of 2024, the percent of homes in Missoula, MT under the Section 8 program is 14.7%. 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. 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Missoula, MT, because HUD payments exceed market rent, while 1-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 736 |
Total Units Section 8 | 653 |
% Rentals under Section 8 | 14.7% |
% Occupied Section 8 | 82.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$20 | $1,300 | $1,280 |
| 2 Bedroom | $30 | $1,500 | $1,530 |
| 3 Bedroom | -$160 | $2,300 | $2,140 |
| 4 Bedroom | -$310 | $2,880 | $2,570 |
Affordability — Missoula, MT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.7 |
| Median Home Price | $544,000 |
| Median Household Income | $65,100 |