Flathead County, Montana Housing Market
In Flathead County, Montana, the median home value is $535,500, with a median monthly rent of $1,142. This places Flathead County at #110 nationally out of 3134 counties by median home value, and #2 within Montana.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,155
- Establishments: 6,767
- BLS QCEW, 2025
Housing Supply
- Single-family: 196
- Multi-family: 634
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 49,717 (avg $103,628)
- Outflow: 45,087 (avg $100,605)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 7 active ZIP codes in Flathead County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 59920 | 346.4 | — | 2025 |
| 2 | 59932 | 415.4 | — | 2025 |
| 3 | 59911 | 456.1 | +18.34% | 2025 |
| 4 | 59937 | 517.6 | -4.59% | 2025 |
| 5 | 59901 | 410.3 | +3.04% | 2025 |
| 6 | 59912 | 437.6 | +0.93% | 2025 |
| 7 | 59922 | 460.2 | +11.10% | 2024 |
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 Flathead County Compares
| Metric | Flathead County | Montana Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $535,500 | $276,876 | $227,706 |
| Median Gross Rent | $1,142 | $842 | $968 |
| Owner Occupancy Rate | 72.4% | 73.0% | 73.3% |
| Price/Rent Ratio | 39.1 | 27.2 | 18.7 |
Market Analysis
The median home value in Flathead County is 93.4% above the Montana state average and 135.2% above the U.S. national average. The median rent of $1,142/month is 35.6% above the state average.
With a price-to-rent ratio of 39.1, Flathead 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.
Flathead County has an owner-occupancy rate of 72.4%, 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 |
|---|---|---|---|
| Jefferson County | Washington | $535,000 | $1,522 |
| Sacramento County | California | $534,200 | $1,790 |
| Grand County | Utah | $538,700 | $1,118 |
| Utah County | Utah | $538,700 | $1,541 |
| Park County | Colorado | $532,100 | $2,161 |
Other Counties in Montana
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Ravalli County | $476,600 | $1,054 | 79.4% |
| Missoula County | $472,100 | $1,190 | 58.8% |
| Madison County | $470,100 | $1,000 | 81.0% |
| Park County | $467,500 | $976 | 69.4% |
| Jefferson County | $446,900 | $925 | 84.2% |
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).