Fallon County, Montana Housing Market
In Fallon County, Montana, the median home value is $244,800, with a median monthly rent of $779. This places Fallon County at #933 nationally out of 3134 counties by median home value, and #26 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: $1,115
- Establishments: 161
- BLS QCEW, 2025
Housing Supply
- Single-family: 2
- Multi-family: 2
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 1,103 (avg $74,557)
- Outflow: 1,062 (avg $75,748)
- IRS Statistics of Income
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| Metric | Fallon County | Montana Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $244,800 | $276,876 | $227,706 |
| Median Gross Rent | $779 | $842 | $968 |
| Owner Occupancy Rate | 69.4% | 73.0% | 73.3% |
| Price/Rent Ratio | 26.2 | 27.2 | 18.7 |
Market Analysis
The median home value in Fallon County is 11.6% below the Montana state average and 7.5% above the U.S. national average. The median rent of $779/month is 7.5% below the state average.
With a price-to-rent ratio of 26.2, Fallon County is a strongly rent-favored market. Home prices are high relative to rents, meaning renting is typically far cheaper than owning in the near term.
Fallon County has an owner-occupancy rate of 69.4%, 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 |
|---|---|---|---|
| Butte County | South Dakota | $244,600 | $972 |
| Madison County | Iowa | $245,100 | $1,036 |
| Carlton County | Minnesota | $245,100 | $1,009 |
| Kenton County | Kentucky | $244,400 | $1,069 |
| Glasscock County | Texas | $245,200 | $648 |
Other Counties in Montana
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Judith Basin County | $238,300 | $495 | 72.7% |
| Fergus County | $236,100 | $954 | 63.4% |
| Musselshell County | $235,000 | $1,138 | 85.1% |
| Silver Bow County | $255,200 | $863 | 70.8% |
| Deer Lodge County | $231,700 | $696 | 73.0% |
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).