Carter County, Montana Housing Market
In Carter County, Montana, the median home value is $199,200, with a median monthly rent of $824. This places Carter County at #1407 nationally out of 3134 counties by median home value, and #40 within Montana.
📈 Price Trend (2017 → 2024)
ℹ️ FHFA HPI data is not available for this county due to limited mortgage transaction volume.
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,048
- Establishments: 38
- BLS QCEW, 2025
Housing Supply
- Single-family: 3
- Multi-family: 2
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 470 (avg $64,096)
- Outflow: 470 (avg $64,096)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 1 active ZIP codes in Carter County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 57717 | 314.3 | -4.60% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Carter County Compares
| Metric | Carter County | Montana Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $199,200 | $276,876 | $227,706 |
| Median Gross Rent | $824 | $842 | $968 |
| Owner Occupancy Rate | 62.2% | 73.0% | 73.3% |
| Price/Rent Ratio | 20.1 | 27.2 | 18.7 |
Market Analysis
The median home value in Carter County is 28.1% below the Montana state average and 12.5% below the U.S. national average. The median rent of $824/month is 2.1% below the state average.
With a price-to-rent ratio of 20.1, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Carter County has an owner-occupancy rate of 62.2%, compared to 73.0% in Montana and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Cumberland County | North Carolina | $199,200 | $1,222 |
| Cullman County | Alabama | $199,100 | $908 |
| Northwest Arctic Borough | Alaska | $199,100 | $1,350 |
| Decatur County | Indiana | $199,100 | $861 |
| Ramsey County | North Dakota | $199,300 | $714 |
Other Counties in Montana
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Valley County | $198,400 | $767 | 78.5% |
| Phillips County | $197,600 | $536 | 73.5% |
| Petroleum County | $201,400 | $800 | 72.9% |
| Hill County | $202,600 | $776 | 66.1% |
| Pondera County | $206,100 | $784 | 67.7% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).