Looking To Buy A Home In Montana? We've Got Good News!

Well, sort of.

If you have plans of buying and owning a home here in Montana, you’re more than aware that it’s going to cost you. Tens of thousands of Montanans are finding that even with a decent job and a little bit of savings, they can’t afford a home in certain areas of the state.

Over the last few years home prices have skyrocketed across the country, and it seems that Montana has led the charge. Plus, with high interest rates, the dream of being a homeowner feels a little more like a nightmare.

In towns like Bozeman, Kalispell, and Missoula the prices have increased significantly since 2021 with the overall “value” going up hundreds of thousands of dollars. Perfect example, I was checking out a townhouse recently in Bozeman and the asking price was well over 500 thousand dollars. The same property sold 3 years ago for a little over 300 thousand.

I can’t speak for you, but I have an issue paying half a million dollars for a place to live with no backyard. However, new information points to the fact that Montana housing might not be that expensive after all.

Looking to buy a home in Montana?

The folks at Lending Tree released data that showed the most expensive towns in America to buy a home and Montana was nowhere to be found.

As you look at the map of towns that are the most expensive you will see our neighbors in Colorado, Idaho, Oregon, Washington, and Wyoming all make the list, but not Montana.

It should probably be noted that a few of those towns are “tourist” towns but so are Big Sky, Bozeman, and Whitefish. Does that mean we are making a much bigger deal about the housing prices in Montana than we should be?

No. I have a few doubts about the math with all of this.

It’s still crazy expensive to live here, but if you spend any time on websites like Realtor or Zillow, you will notice that home prices have started to drop around The Treasure State, and while they may still be out of the average Montanans price range, at least it’s a start.