Columbia Falls, MT—59912
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Columbia Falls, MT
As of Oct '25, the median home price in Columbia Falls, MT is $595,000, with a year-over-year change of -1.5%. This indicates that home prices in Columbia Falls, MT are decreasing. According to Zillow, the 1-year price projection is 4.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $595,000 | -1.5% |
| Single Family | $606,000 | -1.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $453,000 | -1.1% |
2 Bed | $468,000 | -2.7% |
3 Bed | $602,000 | -1.8% |
4 Bed | $742,000 | -0.8% |
| 5 Bed | $904,000 | -2.1% |
% of Housing Stock
Rental Trends — Columbia Falls, MT
As of July '25, Rentcast reports the average rent in Columbia Falls, MT is $1,740, with a year-over-year rent change of -27.5%. Per bedroom, the median rent as of July '25 in Columbia Falls, MT is studios: $1,140, 1-bedrooms: $1,380, 2-bedrooms: $1,610, 3-bedrooms: $2,370. The most common rental property sizes in Columbia Falls, MT are 2-bedroom and 3-bedroom, accounting for 35.2% and 27.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,500 | $1,740 |
| Studio Rent | $825 | $1,140 |
| 1 Bed Rent | $1,250 | $1,380 |
| 2 Bed Rent | $1,500 | $1,610 |
| 3 Bed Rent | $2,400 | $2,370 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Columbia Falls, MT
As of Oct '25, Realtor.com reports that the median days on market for a home in Columbia Falls, MT is 96. This is a decrease 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $826,000 | 31.0% |
Listing Count | 119 | -19.0% |
| Listings as % of Homes | 2.8% | -19.0% |
Days on Market | 96 | -1.0% |
Demographics — Columbia Falls, MT
As of the latest ACS Survey released in 2023, Columbia Falls, MT has a population of 15,700, which has increased by 6.1% over the past 5 years. Columbia Falls, 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 30.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 15,700 | 6.1% |
% Under 18 | 23.6% | 11.3% |
% Seniors | 17.7% | 7.9% |
% WFH | 15.7% | 141.5% |
% w/ College Degree | 30.7% | 46.9% |
As of the latest ACS Survey released in 2023, Columbia Falls, MT is a predominantly white area, with 93.2% of the population identifying as white. The white population has shrunk by 0.7% in the last 5 years. The second most common race or ethnicity in Columbia Falls, MT is hispanic, making up 1.9% of the population. Foreign-born residents account for 2.1% of the population in Columbia Falls, MT, and this percentage has increased by 90.9% 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 | 93.2% | -0.7% |
% Black | 0.0% | -100.0% |
% Hispanic | 1.9% | -20.8% |
% Asian | 0.7% | 250.0% |
% Foreign Born | 2.1% | 90.9% |
Mortgage and Risk — Columbia Falls, MT
According to HUD data as of 2023, there were 170 mortgage originations in Columbia Falls, MT, of which 83.0% 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 Columbia Falls, MT. Investor activity is low, as 6.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 170 |
% Conventional Loans | 83.0% |
% Government Loans | 17.0% |
% Investor Loans | 6.0% |
% Second Loans | 8.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Columbia Falls, MT
Columbia Falls, MT lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 50 |
Total Units Section 8 | 50 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 77.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$80 | $1,250 | $1,170 |
| 2 Bedroom | $30 | $1,500 | $1,530 |
| 3 Bedroom | -$360 | $2,400 | $2,040 |
| 4 Bedroom | N/A | N/A | $2,570 |
Affordability — Columbia Falls, MT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.7 |
| Median Home Price | $595,000 |
| Median Household Income | $73,500 |