Fergus County, Montana Housing Market

In Fergus County, Montana, the median home value is $236,100, with a median monthly rent of $954. This places Fergus County at #1026 nationally out of 3134 counties by median home value, and #28 within Montana.

Median Home Value $236,100
Median Rent $954/mo
Owner Occupancy 63.4%
Price/Rent Ratio 20.6

📈 Price Trend (2017 → 2024)

📊 Recent Market Momentum (FHFA HPI)

FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025

💡 Year-over-Year Trend: Home prices in Fergus County rose +0.1% year-over-year as of 2025. (Source: FHFA)

📍 Economic Snapshot

💼

Employment & Wages

3,758
jobs (private sector)
  • Avg weekly wage: $967
  • Establishments: 508
  • BLS QCEW, 2025
🏗️

Housing Supply

2
new units authorized (2025)
  • Single-family: 2
  • Multi-family: 0
  • U.S. Census Bureau, Building Permits Survey
🚚

Migration Patterns

+454
net migration (filers, 2021-2022)
  • Inflow: 5,057 (avg $73,974)
  • Outflow: 4,603 (avg $73,920)
  • IRS Statistics of Income

📍 Sub-Market Activity

Top 1 active ZIP codes in Fergus County · Latest: 2025

# ZIP Code HPI YoY Change Latest Year
1 59457 356.6 -0.27% 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.

How Fergus County Compares

MetricFergus CountyMontana AverageU.S. Average
Median Home Value $236,100 $276,876 $227,706
Median Gross Rent $954 $842 $968
Owner Occupancy Rate 63.4% 73.0% 73.3%
Price/Rent Ratio 20.6 27.2 18.7

Market Analysis

The median home value in Fergus County is 14.7% below the Montana state average and 3.7% above the U.S. national average. The median rent of $954/month is 13.3% above the state average.

With a price-to-rent ratio of 20.6, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.

Fergus County has an owner-occupancy rate of 63.4%, 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

CountyStateMedian Home ValueMedian Rent
Sawyer County Wisconsin $236,200 $712
Chowan County North Carolina $235,800 $681
Onslow County North Carolina $236,400 $1,265
Perry County Pennsylvania $236,400 $874
Dauphin County Pennsylvania $236,400 $1,217

Other Counties in Montana

CountyMedian Home ValueMedian RentOwner Occ.
Musselshell County $235,000 $1,138 85.1%
Judith Basin County $238,300 $495 72.7%
Deer Lodge County $231,700 $696 73.0%
Treasure County $230,300 $850 68.3%
Fallon County $244,800 $779 69.4%

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).