Mineral County, Montana Housing Market
In Mineral County, Montana, the median home value is $364,300, with a median monthly rent of $801. This places Mineral County at #375 nationally out of 3134 counties by median home value, and #13 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: $797
- Establishments: 175
- BLS QCEW, 2025
Housing Supply
- Single-family: 3
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 2,016 (avg $67,810)
- Outflow: 1,745 (avg $63,697)
- IRS Statistics of Income
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| Metric | Mineral County | Montana Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $364,300 | $276,876 | $227,706 |
| Median Gross Rent | $801 | $842 | $968 |
| Owner Occupancy Rate | 81.1% | 73.0% | 73.3% |
| Price/Rent Ratio | 37.9 | 27.2 | 18.7 |
Market Analysis
The median home value in Mineral County is 31.6% above the Montana state average and 60.0% above the U.S. national average. The median rent of $801/month is 4.9% below the state average.
With a price-to-rent ratio of 37.9, Mineral 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.
Mineral County has an owner-occupancy rate of 81.1%, 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 |
|---|---|---|---|
| Orange County | Virginia | $364,200 | $1,205 |
| Flagler County | Florida | $364,900 | $1,722 |
| Strafford County | New Hampshire | $362,800 | $1,488 |
| Chesterfield County | Virginia | $366,000 | $1,629 |
| Lyon County | Nevada | $366,100 | $1,326 |
Other Counties in Montana
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Sanders County | $359,000 | $820 | 81.3% |
| Granite County | $352,700 | $675 | 77.9% |
| Yellowstone County | $349,500 | $1,131 | 69.6% |
| Lewis and Clark County | $393,500 | $1,102 | 70.1% |
| Sweet Grass County | $330,100 | $1,149 | 79.7% |
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).