Missoula, MT—59803
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 $619,000, 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 Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $619,000 | 1.3% |
| Single Family | $623,000 | 1.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $451,000 | 0.4% |
3 Bed | $564,000 | 0.7% |
4 Bed | $677,000 | 2.3% |
| 5 Bed | $777,000 | 2.4% |
% of Housing Stock
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.
| Type | Median Rent | Average 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 |
% 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 82. This is a increase of 10.0% 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 38.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $750,000 | -9.0% |
Listing Count | 94 | 30.0% |
| Listings as % of Homes | 0.4% | 30.0% |
Days on Market | 82 | 10.0% |
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.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 17,900 | 0.3% |
% Under 18 | 22.9% | -3.4% |
% Seniors | 17.7% | 29.2% |
% WFH | 18.5% | 230.4% |
% w/ College Degree | 52.7% | -0.4% |
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
| Metric | Latest Census | 5-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% |
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
| Metric | Zip 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% |
Loan Activity
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 Size | HUD Premium | Market Rent | Max 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
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.2 |
| Median Home Price | $619,000 |
| Median Household Income | $109,000 |