Missoula, MT—59804
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 $651,000, with a year-over-year change of 1.2%. This indicates that home prices in Missoula, MT are increasing. According to Zillow, the 1-year price projection is 3.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $651,000 | 1.2% |
| Single Family | $652,000 | 0.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $525,000 | 0.8% |
3 Bed | $621,000 | 0.6% |
4 Bed | $787,000 | 0.8% |
| 5 Bed | $938,000 | 1.8% |
% of Housing Stock
Rental Trends — Missoula, MT
As of July '25, Rentcast reports the average rent in Missoula, MT is $2,230, with a year-over-year rent change of 16.1%. Per bedroom, the median rent as of July '25 in Missoula, MT is 1-bedrooms: $810, 2-bedrooms: $1,550, 4-bedrooms: $2,930. The most common rental property sizes in Missoula, MT are 2-bedroom and 3-bedroom, accounting for 62.1% and 13.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,800 | $2,230 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $810 | $810 |
| 2 Bed Rent | $1,550 | $1,550 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | $3,000 | $2,930 |
% 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 98. This is a increase of 68.0% 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 16.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $894,000 | 3.0% |
Listing Count | 38 | 64.0% |
| Listings as % of Homes | 0.4% | 64.0% |
Days on Market | 98 | 68.0% |
Demographics — Missoula, MT
As of the latest ACS Survey released in 2023, Missoula, MT has a population of 7,940, which has decreased by -4.2% over the past 5 years. Missoula, MT is a moderately popular place for families, as children make up 16.7% of the population. The area has a highly educated workforce, with 46.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,940 | -4.2% |
% Under 18 | 16.7% | -19.7% |
% Seniors | 28.8% | 35.2% |
% WFH | 10.2% | 92.5% |
% w/ College Degree | 46.6% | 9.1% |
As of the latest ACS Survey released in 2023, Missoula, MT is a predominantly white area, with 88.4% of the population identifying as white. The white population has shrunk by 4.7% in the last 5 years. The second most common race or ethnicity in Missoula, MT is asian, making up 4.1% of the population. Foreign-born residents account for 5.8% of the population in Missoula, MT, and this percentage has increased by 728.6% 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 | 88.4% | -4.7% |
% Black | 0.0% | N/A |
% Hispanic | 3.1% | 47.6% |
% Asian | 4.1% | 4,000.0% |
% Foreign Born | 5.8% | 728.6% |
Mortgage and Risk — Missoula, MT
According to HUD data as of 2023, there were 115 mortgage originations in Missoula, MT, of which 93.0% 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. 9.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 115 |
% Conventional Loans | 93.0% |
% Government Loans | 7.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 9.0% |
Loan Activity
Rentals and Section 8 — Missoula, MT
Missoula, MT lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 49 |
Total Units Section 8 | 49 |
% Rentals under Section 8 | 5.0% |
% Occupied Section 8 | 77.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $740 | $810 | $1,550 |
| 2 Bedroom | $310 | $1,550 | $1,860 |
| 3 Bedroom | N/A | N/A | $2,610 |
| 4 Bedroom | $120 | $3,000 | $3,120 |
Affordability — Missoula, MT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 8 |
| Median Home Price | $651,000 |
| Median Household Income | $74,900 |