Proctor, MT—59920
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Proctor, MT
As of Oct '25, the median home price in Proctor, MT is $667,000, with a year-over-year change of -0.4%. This indicates that home prices in Proctor, MT are flat. According to Zillow, the 1-year price projection is 4.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $667,000 | -0.4% |
| Single Family | $667,000 | -0.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $447,000 | 1.1% |
2 Bed | $583,000 | -0.7% |
3 Bed | $717,000 | -0.8% |
4 Bed | $849,000 | -0.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Proctor, MT
As of July '25, Rentcast reports the average rent in Proctor, MT is $1,160, with a year-over-year rent change of -42.6%. Per bedroom, the median rent as of July '25 in Proctor, MT is studios: $732, 1-bedrooms: $1,700, 2-bedrooms: $1,900. The most common rental property sizes in Proctor, MT are 2-bedroom and 3-bedroom, accounting for 52.2% and 47.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $798 | $1,160 |
| Studio Rent | $699 | $732 |
| 1 Bed Rent | $1,700 | $1,700 |
| 2 Bed Rent | $1,900 | $1,900 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Proctor, MT
As of Oct '25, Realtor.com reports that the median days on market for a home in Proctor, MT is 87. This is a decrease of -4.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 9.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $978,000 | 3.0% |
Listing Count | 23 | 17.0% |
| Listings as % of Homes | 2.0% | 17.0% |
Days on Market | 87 | -4.0% |
Demographics — Proctor, MT
As of the latest ACS Survey released in 2023, Proctor, MT has a population of 1,640, which has decreased by -3.2% over the past 5 years. Proctor, MT is a moderately popular place for families, as children make up 19.6% of the population. The area has a moderately educated workforce, with 32.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,640 | -3.2% |
% Under 18 | 19.6% | 4.8% |
% Seniors | 21.3% | 12.7% |
% WFH | 18.9% | 68.8% |
% w/ College Degree | 32.3% | 33.5% |
As of the latest ACS Survey released in 2023, Proctor, MT is a predominantly white area, with 91.2% of the population identifying as white. The white population has shrunk by 1.1% in the last 5 years. The second most common race or ethnicity in Proctor, MT is black, making up 3.5% of the population. Foreign-born residents account for 0.6% of the population in Proctor, MT, and this percentage has decreased by 84.2% 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 | 91.2% | -1.1% |
% Black | 3.5% | ∞% |
% Hispanic | 2.6% | 271.4% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 0.6% | -84.2% |
Mortgage and Risk — Proctor, MT
According to HUD data as of 2023, there were 33 mortgage originations in Proctor, MT, of which 70.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Proctor, 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 | 33 |
% Conventional Loans | 70.0% |
% Government Loans | 30.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Proctor, MT
Proctor, MT lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 1 |
Total Units Section 8 | 1 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$570 | $1,700 | $1,130 |
| 2 Bedroom | -$420 | $1,900 | $1,480 |
| 3 Bedroom | N/A | N/A | $1,970 |
| 4 Bedroom | N/A | N/A | $2,480 |
Affordability — Proctor, MT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.8 |
| Median Home Price | $667,000 |
| Median Household Income | $83,300 |