Garfield County, Montana Housing Market
In Garfield County, Montana, the median home value is $169,900, with a median monthly rent of $725. This places Garfield County at #1807 nationally out of 3134 counties by median home value, and #48 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: $674
- Establishments: 44
- BLS QCEW, 2025
Migration Patterns
- Inflow: 419 (avg $71,212)
- Outflow: 419 (avg $71,212)
- IRS Statistics of Income
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💰 Mortgage Guide → 🧾 Property Tax Data →How Garfield County Compares
| Metric | Garfield County | Montana Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $169,900 | $276,876 | $227,706 |
| Median Gross Rent | $725 | $842 | $968 |
| Owner Occupancy Rate | 72.2% | 73.0% | 73.3% |
| Price/Rent Ratio | 19.5 | 27.2 | 18.7 |
Market Analysis
The median home value in Garfield County is 38.6% below the Montana state average and 25.4% below the U.S. national average. The median rent of $725/month is 13.9% below the state average.
With a price-to-rent ratio of 19.5, the buy-vs-rent decision in Garfield County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Garfield County has an owner-occupancy rate of 72.2%, 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 |
|---|---|---|---|
| Clark County | Ohio | $169,900 | $872 |
| Polk County | Tennessee | $169,900 | $676 |
| Keweenaw County | Michigan | $169,800 | $688 |
| Wayne County | New York | $170,000 | $938 |
| Slope County | North Dakota | $170,000 | $525 |
Other Counties in Montana
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Liberty County | $169,100 | $710 | 63.4% |
| Prairie County | $165,700 | $627 | 83.9% |
| Glacier County | $165,100 | $548 | 63.7% |
| Wheatland County | $180,800 | $730 | 75.5% |
| Rosebud County | $182,400 | $672 | 63.6% |
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).