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Missoula, MT—59803

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$613,000
1.3% YoY Growth
Household Income
$109,000
47.0% YoY Growth
Days on Market
92
8.0% Longer YoY
Home Price Forecast
3.9%
Median Rent
$1,780
23.4% YoY Growth
1-Bed Rent
$895
10.9% YoY Growth
2-Bed Rent
$1,650
18.2% YoY Growth
3-Bed Rent
$2,100
4.9% YoY Growth

Other Zip Codes in Missoula, MT

59808598045980259801
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Missoula, MT

As of Dec '25, the median home price in Missoula, MT is $613,000, with a year-over-year change of 1.3%. This indicates that home prices in Missoula, MT are increasing. According to Zillow, the 1-year price projection is 3.9%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$613,0001.3%
Single Family $617,0001.5%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$447,0000.2%
    3 Bed
    		$557,0000.7%
    4 Bed
    		$671,0002.4%
    5 Bed $770,9492.5%
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    % of Housing Stock

    1 Bedroom
    5.9%
    2 Bedrooms
    19.4%
    3 Bedrooms
    28.9%
    4 Bedrooms
    29.1%
    5+ Bedrooms
    16.7%

    Rental Trends — Missoula, MT

    As of July '25, Rentcast reports the average rent in Missoula, MT is $1,950, with a year-over-year rent change of 23.4%. Per bedroom, the median rent as of July '25 in Missoula, MT is studios: $2,200, 1-bedrooms: $1,020, 2-bedrooms: $1,620, 3-bedrooms: $2,520, 4-bedrooms: $3,450. The most common rental property sizes in Missoula, MT are 2-bedroom and 4-bedroom, accounting for 48.3% and 18.9% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,780$1,950
    Studio Rent $2,200$2,200
    1 Bed Rent $895$1,020
    2 Bed Rent $1,650$1,620
    3 Bed Rent $2,100$2,520
    4 Bed Rent $3,500$3,450
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    % of Rental Stock

    1 Bedroom
    17.6%
    2 Bedrooms
    48.3%
    3 Bedrooms
    10.3%
    4 Bedrooms
    18.9%
    5+ Bedrooms
    5.0%

    Property Listings — Missoula, MT

    As of Dec '25, Realtor.com reports that the median days on market for a home in Missoula, MT is 95. 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 23.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$751,000-11.0%
    Listing Count
    		6824.0%
    Listings as % of Homes0.4%24.0%
    Days on Market
    		928.0%
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    Demographics — Missoula, MT

    As of the latest ACS Survey released in 2023, Missoula, MT has a population of 17,900, which has remained stable by 0.3% over the past 5 years. Missoula, MT is a moderately popular place for families, as children make up 22.9% of the population. The area has a highly educated workforce, with 52.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.5% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		17,9000.3%
    % Under 18
    		22.9%-3.4%
    % Seniors
    		17.7%29.2%
    % WFH
    		18.5%230.4%
    % w/ College Degree
    		52.7%-0.4%
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    As of the latest ACS Survey released in 2023, Missoula, MT is a predominantly white area, with 86.1% of the population identifying as white. The white population has shrunk by 5.5% in the last 5 years. The second most common race or ethnicity in Missoula, MT is hispanic, making up 5.6% of the population. Foreign-born residents account for 1.7% of the population in Missoula, MT, and this percentage has decreased by 45.2% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		86.1%-5.5%
    % Black
    		0.0%-100.0%
    % Hispanic
    		5.6%143.5%
    % Asian
    		1.4%-22.2%
    % Foreign Born
    		1.7%-45.2%
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    Mortgage and Risk — Missoula, MT

    According to HUD data as of 2023, there were 336 mortgage originations in Missoula, MT, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 48.0%, with 10.0% above 90% LTV (elevated). This implies medium mortgage risk in Missoula, MT. Investor activity is low, as 1.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		336
    % Conventional Loans
    		92.0%
    % Government Loans
    		8.0%
    % Investor Loans
    		1.0%
    % Second Loans
    		2.0%
    % Cash Out Refinance
    		7.0%
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    Rentals and Section 8 — Missoula, MT

    As of 2024, the percent of homes in Missoula, MT under the Section 8 program is 9.4%. 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 and 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Missoula, MT, because HUD payments exceed market rent, while 4-bedroom units do not.

    Section 8 Market Size

    Total Units under HUD
    		168
    Total Units Section 8
    		167
    % Rentals under Section 8
    		9.4%
    % Occupied Section 8
    		78.9%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$555$895$1,450
    2 Bedroom$90$1,650$1,740
    3 Bedroom$340$2,100$2,440
    4 Bedroom-$580$3,500$2,920

    Affordability — Missoula, MT

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio5.1
    Median Home Price$613,000
    Median Household Income$109,000

    Missoula, MT — ZIP Code Boundary Map

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    Frequently Asked Questions