Phillips County, Montana Housing Market
In Phillips County, Montana, the median home value is $197,600, with a median monthly rent of $536. This places Phillips County at #1426 nationally out of 3134 counties by median home value, and #42 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: $840
- Establishments: 152
- BLS QCEW, 2025
Migration Patterns
- Inflow: 1,652 (avg $50,474)
- Outflow: 1,553 (avg $50,420)
- IRS Statistics of Income
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| Metric | Phillips County | Montana Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $197,600 | $276,876 | $227,706 |
| Median Gross Rent | $536 | $842 | $968 |
| Owner Occupancy Rate | 73.5% | 73.0% | 73.3% |
| Price/Rent Ratio | 30.7 | 27.2 | 18.7 |
Market Analysis
The median home value in Phillips County is 28.6% below the Montana state average and 13.2% below the U.S. national average. The median rent of $536/month is 36.3% below the state average.
With a price-to-rent ratio of 30.7, Phillips 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.
Phillips County has an owner-occupancy rate of 73.5%, 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 |
|---|---|---|---|
| Woodford County | Illinois | $197,600 | $912 |
| Wells County | Indiana | $197,600 | $813 |
| St. Louis city | Missouri | $197,500 | $997 |
| Richland County | Wisconsin | $197,500 | $771 |
| Saline County | Nebraska | $197,400 | $914 |
Other Counties in Montana
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Valley County | $198,400 | $767 | 78.5% |
| Carter County | $199,200 | $824 | 62.2% |
| Petroleum County | $201,400 | $800 | 72.9% |
| Hill County | $202,600 | $776 | 66.1% |
| Powder River County | $192,100 | $533 | 78.8% |
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).