Lewis and Clark County, Montana Housing Market
In Lewis and Clark County, Montana, the median home value is $393,500, with a median monthly rent of $1,102. This places Lewis and Clark County at #301 nationally out of 3134 counties by median home value, and #12 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: $1,187
- Establishments: 3,484
- BLS QCEW, 2025
Housing Supply
- Single-family: 55
- Multi-family: 138
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 33,047 (avg $85,952)
- Outflow: 30,226 (avg $86,688)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 2 active ZIP codes in Lewis and Clark County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 59602 | 354.9 | +7.18% | 2025 |
| 2 | 59601 | 363.5 | +3.70% | 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.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Lewis and Clark County Compares
| Metric | Lewis and Clark County | Montana Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $393,500 | $276,876 | $227,706 |
| Median Gross Rent | $1,102 | $842 | $968 |
| Owner Occupancy Rate | 70.1% | 73.0% | 73.3% |
| Price/Rent Ratio | 29.8 | 27.2 | 18.7 |
Market Analysis
The median home value in Lewis and Clark County is 42.1% above the Montana state average and 72.8% above the U.S. national average. The median rent of $1,102/month is 30.9% above the state average.
With a price-to-rent ratio of 29.8, Lewis and Clark 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.
Lewis and Clark County has an owner-occupancy rate of 70.1%, 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 |
|---|---|---|---|
| Colusa County | California | $393,400 | $1,157 |
| New Kent County | Virginia | $393,600 | $1,721 |
| Ketchikan Gateway Borough | Alaska | $393,300 | $1,505 |
| Madera County | California | $393,200 | $1,390 |
| Oldham County | Kentucky | $393,100 | $1,219 |
Other Counties in Montana
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Stillwater County | $405,800 | $961 | 82.9% |
| Carbon County | $420,800 | $844 | 78.0% |
| Lake County | $421,800 | $901 | 75.0% |
| Mineral County | $364,300 | $801 | 81.1% |
| Broadwater County | $426,600 | $955 | 87.8% |
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).