Missoula, MT—59808
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 $569,000, with a year-over-year change of 1.1%. This indicates that home prices in Missoula, MT are increasing. According to Zillow, the 1-year price projection is 3.7%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $569,000 | 1.1% |
| Single Family | $577,000 | 1.1% |
| Condos | $333,000 | -3.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $405,000 | 0.2% |
3 Bed | $547,000 | 0.9% |
4 Bed | $709,000 | 1.9% |
| 5 Bed | $854,000 | 1.5% |
% of Housing Stock
Rental Trends — Missoula, MT
As of July '25, Rentcast reports the average rent in Missoula, MT is $1,870, with a year-over-year rent change of 0.5%. Per bedroom, the median rent as of July '25 in Missoula, MT is studios: $1,060, 1-bedrooms: $1,290, 2-bedrooms: $1,780, 3-bedrooms: $2,760, 4-bedrooms: $3,170. The most common rental property sizes in Missoula, MT are 2-bedroom and 1-bedroom, accounting for 40.9% and 31.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,800 | $1,870 |
| Studio Rent | $1,200 | $1,060 |
| 1 Bed Rent | $1,200 | $1,290 |
| 2 Bed Rent | $1,850 | $1,780 |
| 3 Bed Rent | $2,520 | $2,760 |
| 4 Bed Rent | $3,200 | $3,170 |
% 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 63. This is a increase of 20.0% 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 28.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $600,000 | -12.0% |
Listing Count | 156 | 73.0% |
| Listings as % of Homes | 1.0% | 73.0% |
Days on Market | 63 | 20.0% |
Demographics — Missoula, MT
As of the latest ACS Survey released in 2023, Missoula, MT has a population of 22,800, which has increased by 19.9% over the past 5 years. Missoula, MT is a moderately popular place for families, as children make up 20.9% of the population. The area has a moderately educated workforce, with 39.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.0% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 22,800 | 19.9% |
% Under 18 | 20.9% | -9.9% |
% Seniors | 14.4% | -6.5% |
% WFH | 9.0% | 114.3% |
% w/ College Degree | 39.8% | 16.7% |
As of the latest ACS Survey released in 2023, Missoula, MT is a predominantly white area, with 86.6% 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 3.2% of the population. Foreign-born residents account for 3.3% of the population in Missoula, MT, and this percentage has increased by 73.7% 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 | 86.6% | -1.7% |
% Black | 0.1% | -83.3% |
% Hispanic | 3.2% | -28.9% |
% Asian | 2.8% | 300.0% |
% Foreign Born | 3.3% | 73.7% |
Mortgage and Risk — Missoula, MT
According to HUD data as of 2023, there were 422 mortgage originations in Missoula, MT, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 20.0% above 90% LTV (very high). This implies large 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 | 422 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 2.0% |
% Second Loans | 2.0% |
% 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 7.9%. 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 | 340 |
Total Units Section 8 | 300 |
% Rentals under Section 8 | 7.9% |
% Occupied Section 8 | 78.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $230 | $1,200 | $1,430 |
| 2 Bedroom | -$140 | $1,850 | $1,710 |
| 3 Bedroom | -$120 | $2,520 | $2,400 |
| 4 Bedroom | -$330 | $3,200 | $2,870 |
Affordability — Missoula, MT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.8 |
| Median Home Price | $569,000 |
| Median Household Income | $76,800 |