Richland County, Montana Housing Market
In Richland County, Montana, the median home value is $263,000, with a median monthly rent of $917. This places Richland County at #823 nationally out of 3134 counties by median home value, and #23 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: $1,255
- Establishments: 582
- BLS QCEW, 2025
Housing Supply
- Single-family: 1
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 4,764 (avg $82,610)
- Outflow: 4,413 (avg $84,376)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 1 active ZIP codes in Richland County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 59270 | 452.6 | +7.93% | 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 Richland County Compares
| Metric | Richland County | Montana Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $263,000 | $276,876 | $227,706 |
| Median Gross Rent | $917 | $842 | $968 |
| Owner Occupancy Rate | 67.1% | 73.0% | 73.3% |
| Price/Rent Ratio | 23.9 | 27.2 | 18.7 |
Market Analysis
The median home value in Richland County is 5.0% below the Montana state average and 15.5% above the U.S. national average. The median rent of $917/month is 8.9% above the state average.
With a price-to-rent ratio of 23.9, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Richland County has an owner-occupancy rate of 67.1%, 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 |
|---|---|---|---|
| Hoonah-Angoon Census Area | Alaska | $262,800 | $1,014 |
| Minidoka County | Idaho | $262,600 | $900 |
| Hartley County | Texas | $262,500 | $1,028 |
| Dorchester County | Maryland | $262,400 | $1,032 |
| St. Charles Parish | Louisiana | $263,700 | $1,210 |
Other Counties in Montana
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Teton County | $264,000 | $730 | 75.5% |
| Cascade County | $265,300 | $939 | 68.5% |
| Meagher County | $259,800 | $1,263 | 75.4% |
| Silver Bow County | $255,200 | $863 | 70.8% |
| Fallon County | $244,800 | $779 | 69.4% |
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).