Kalispell, MT—59901
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Kalispell, MT
As of Oct '25, the median home price in Kalispell, MT is $544,000, with a year-over-year change of -0.5%. This indicates that home prices in Kalispell, MT are flat. 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 Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $544,000 | -0.5% |
| Single Family | $550,000 | -0.5% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $397,000 | 1.3% |
2 Bed | $407,000 | -0.5% |
3 Bed | $527,000 | -0.8% |
4 Bed | $687,000 | -0.1% |
| 5 Bed | $858,000 | -0.8% |
% of Housing Stock
Rental Trends — Kalispell, MT
As of July '25, Rentcast reports the average rent in Kalispell, MT is $2,040, with a year-over-year rent change of -1.9%. Per bedroom, the median rent as of July '25 in Kalispell, MT is studios: $1,660, 1-bedrooms: $1,480, 2-bedrooms: $1,810, 3-bedrooms: $2,340, 4-bedrooms: $2,690. The most common rental property sizes in Kalispell, MT are 2-bedroom and 3-bedroom, accounting for 34.2% and 26.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,780 | $2,040 |
| Studio Rent | $895 | $1,660 |
| 1 Bed Rent | $1,400 | $1,480 |
| 2 Bed Rent | $1,710 | $1,810 |
| 3 Bed Rent | $2,300 | $2,340 |
| 4 Bed Rent | $1,720 | $2,690 |
% of Rental Stock
Property Listings — Kalispell, MT
As of Oct '25, Realtor.com reports that the median days on market for a home in Kalispell, MT is 75. This is a increase of 9.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $716,000 | 4.0% |
Listing Count | 437 | 0.0% |
| Listings as % of Homes | 1.0% | 0.0% |
Days on Market | 75 | 9.0% |
Demographics — Kalispell, MT
As of the latest ACS Survey released in 2023, Kalispell, MT has a population of 61,700, which has increased by 12.9% over the past 5 years. Kalispell, MT is a moderately popular place for families, as children make up 23.6% of the population. The area has a moderately educated workforce, with 32.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 61,700 | 12.9% |
% Under 18 | 23.6% | -4.5% |
% Seniors | 18.6% | 13.4% |
% WFH | 10.7% | 69.8% |
% w/ College Degree | 32.6% | 21.6% |
As of the latest ACS Survey released in 2023, Kalispell, MT is a predominantly white area, with 89.4% of the population identifying as white. The white population has shrunk by 2.8% in the last 5 years. The second most common race or ethnicity in Kalispell, MT is hispanic, making up 4.1% of the population. Foreign-born residents account for 3.0% of the population in Kalispell, MT, and this percentage has increased by 42.9% 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 | 89.4% | -2.8% |
% Black | 0.3% | -25.0% |
% Hispanic | 4.1% | 17.1% |
% Asian | 1.0% | 11.1% |
% Foreign Born | 3.0% | 42.9% |
Mortgage and Risk — Kalispell, MT
According to HUD data as of 2023, there were 928 mortgage originations in Kalispell, MT, of which 80.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 19.0% above 90% LTV (elevated). This implies medium mortgage risk in Kalispell, MT. Investor activity is low, as 3.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 928 |
% Conventional Loans | 80.0% |
% Government Loans | 20.0% |
% Investor Loans | 3.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Kalispell, MT
Kalispell, MT lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 550 |
Total Units Section 8 | 528 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 82.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$200 | $1,400 | $1,200 |
| 2 Bedroom | -$130 | $1,710 | $1,580 |
| 3 Bedroom | -$190 | $2,300 | $2,110 |
| 4 Bedroom | $930 | $1,720 | $2,650 |
Affordability — Kalispell, MT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.6 |
| Median Home Price | $544,000 |
| Median Household Income | $70,400 |