Powder River County, Montana Housing Market
In Powder River County, Montana, the median home value is $192,100, with a median monthly rent of $533. This places Powder River County at #1496 nationally out of 3134 counties by median home value, and #43 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: $1,314
- Establishments: 88
- BLS QCEW, 2025
Migration Patterns
- Inflow: 631 (avg $53,921)
- Outflow: 631 (avg $53,921)
- IRS Statistics of Income
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| Metric | Powder River County | Montana Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $192,100 | $276,876 | $227,706 |
| Median Gross Rent | $533 | $842 | $968 |
| Owner Occupancy Rate | 78.8% | 73.0% | 73.3% |
| Price/Rent Ratio | 30.0 | 27.2 | 18.7 |
Market Analysis
The median home value in Powder River County is 30.6% below the Montana state average and 15.6% below the U.S. national average. The median rent of $533/month is 36.7% below the state average.
With a price-to-rent ratio of 30.0, Powder River 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.
Powder River County has an owner-occupancy rate of 78.8%, 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 |
|---|---|---|---|
| Clearwater County | Minnesota | $192,100 | $742 |
| Caldwell County | North Carolina | $192,200 | $744 |
| Allen County | Kentucky | $192,300 | $844 |
| Clinton County | Illinois | $192,400 | $912 |
| San Patricio County | Texas | $192,400 | $1,291 |
Other Counties in Montana
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Phillips County | $197,600 | $536 | 73.5% |
| Valley County | $198,400 | $767 | 78.5% |
| Dawson County | $185,300 | $815 | 71.9% |
| Carter County | $199,200 | $824 | 62.2% |
| Daniels County | $184,800 | $581 | 83.1% |
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).