Lincoln County, Montana Housing Market
In Lincoln County, Montana, the median home value is $296,500, with a median monthly rent of $762. This places Lincoln County at #644 nationally out of 3134 counties by median home value, and #20 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: $845
- Establishments: 887
- BLS QCEW, 2025
Housing Supply
- Single-family: 6
- Multi-family: 21
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 8,833 (avg $67,287)
- Outflow: 7,502 (avg $63,127)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 1 active ZIP codes in Lincoln County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 59923 | 493.2 | +19.28% | 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 Lincoln County Compares
| Metric | Lincoln County | Montana Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $296,500 | $276,876 | $227,706 |
| Median Gross Rent | $762 | $842 | $968 |
| Owner Occupancy Rate | 77.6% | 73.0% | 73.3% |
| Price/Rent Ratio | 32.4 | 27.2 | 18.7 |
Market Analysis
The median home value in Lincoln County is 7.1% above the Montana state average and 30.2% above the U.S. national average. The median rent of $762/month is 9.5% below the state average.
With a price-to-rent ratio of 32.4, Lincoln 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.
Lincoln County has an owner-occupancy rate of 77.6%, compared to 73.0% in Montana and 73.3% nationally. This indicates a more homeowner-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Wrangell City and Borough | Alaska | $296,400 | $993 |
| Windsor County | Vermont | $296,400 | $1,118 |
| Douglas County | Georgia | $296,900 | $1,570 |
| Washington County | Maryland | $296,100 | $1,147 |
| Austin County | Texas | $296,900 | $1,137 |
Other Counties in Montana
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Powell County | $306,500 | $820 | 72.5% |
| Beaverhead County | $308,300 | $837 | 65.8% |
| Cascade County | $265,300 | $939 | 68.5% |
| Teton County | $264,000 | $730 | 75.5% |
| Richland County | $263,000 | $917 | 67.1% |
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).