Powell County, Montana Housing Market
In Powell County, Montana, the median home value is $306,500, with a median monthly rent of $820. This places Powell County at #592 nationally out of 3134 counties by median home value, and #19 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: $1,019
- Establishments: 224
- BLS QCEW, 2025
Housing Supply
- Single-family: 58
- Multi-family: 30
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 2,553 (avg $79,004)
- Outflow: 2,283 (avg $79,443)
- IRS Statistics of Income
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| Metric | Powell County | Montana Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $306,500 | $276,876 | $227,706 |
| Median Gross Rent | $820 | $842 | $968 |
| Owner Occupancy Rate | 72.5% | 73.0% | 73.3% |
| Price/Rent Ratio | 31.1 | 27.2 | 18.7 |
Market Analysis
The median home value in Powell County is 10.7% above the Montana state average and 34.6% above the U.S. national average. The median rent of $820/month is 2.6% below the state average.
With a price-to-rent ratio of 31.1, Powell 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.
Powell County has an owner-occupancy rate of 72.5%, 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 |
|---|---|---|---|
| Fannin County | Georgia | $306,600 | $900 |
| Dickson County | Tennessee | $306,400 | $1,015 |
| Hood County | Texas | $306,400 | $1,428 |
| Franklin County | Vermont | $306,700 | $1,180 |
| Isanti County | Minnesota | $306,200 | $1,273 |
Other Counties in Montana
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Beaverhead County | $308,300 | $837 | 65.8% |
| Lincoln County | $296,500 | $762 | 77.6% |
| Sweet Grass County | $330,100 | $1,149 | 79.7% |
| Cascade County | $265,300 | $939 | 68.5% |
| Teton County | $264,000 | $730 | 75.5% |
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).