Hill County, Montana Housing Market
In Hill County, Montana, the median home value is $202,600, with a median monthly rent of $776. This places Hill County at #1372 nationally out of 3134 counties by median home value, and #38 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: $924
- Establishments: 531
- BLS QCEW, 2025
Housing Supply
- Single-family: 1
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 6,480 (avg $62,079)
- Outflow: 6,106 (avg $62,962)
- IRS Statistics of Income
💰 Ready to Finance a Purchase?
See the 2026 FHA and conforming loan limits for Hill County, plus monthly payment estimates at today's mortgage rates.
View Mortgage Guide for Hill County →How Hill County Compares
| Metric | Hill County | Montana Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $202,600 | $276,876 | $227,706 |
| Median Gross Rent | $776 | $842 | $968 |
| Owner Occupancy Rate | 66.1% | 73.0% | 73.3% |
| Price/Rent Ratio | 21.8 | 27.2 | 18.7 |
Market Analysis
The median home value in Hill County is 26.8% below the Montana state average and 11.0% below the U.S. national average. The median rent of $776/month is 7.8% below the state average.
With a price-to-rent ratio of 21.8, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Hill County has an owner-occupancy rate of 66.1%, 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 |
|---|---|---|---|
| Cameron Parish | Louisiana | $202,500 | $1,688 |
| St. Bernard Parish | Louisiana | $202,500 | $1,082 |
| Edgefield County | South Carolina | $202,700 | $720 |
| Stevens County | Minnesota | $202,800 | $951 |
| Mercer County | Kentucky | $202,300 | $831 |
Other Counties in Montana
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Petroleum County | $201,400 | $800 | 72.9% |
| Carter County | $199,200 | $824 | 62.2% |
| Pondera County | $206,100 | $784 | 67.7% |
| Valley County | $198,400 | $767 | 78.5% |
| Phillips County | $197,600 | $536 | 73.5% |
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).