Sanders County, Montana Housing Market
In Sanders County, Montana, the median home value is $359,000, with a median monthly rent of $820. This places Sanders County at #387 nationally out of 3134 counties by median home value, and #14 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: $914
- Establishments: 516
- BLS QCEW, 2025
Migration Patterns
- Inflow: 5,475 (avg $70,263)
- Outflow: 4,636 (avg $64,756)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 2 active ZIP codes in Sanders County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 59873 | 334.7 | +12.51% | 2025 |
| 2 | 59859 | 365.5 | -5.31% | 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 Sanders County Compares
| Metric | Sanders County | Montana Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $359,000 | $276,876 | $227,706 |
| Median Gross Rent | $820 | $842 | $968 |
| Owner Occupancy Rate | 81.3% | 73.0% | 73.3% |
| Price/Rent Ratio | 36.5 | 27.2 | 18.7 |
Market Analysis
The median home value in Sanders County is 29.7% above the Montana state average and 57.7% 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 36.5, Sanders 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.
Sanders County has an owner-occupancy rate of 81.3%, 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 |
|---|---|---|---|
| Wright County | Minnesota | $358,900 | $1,288 |
| Watauga County | North Carolina | $358,900 | $1,127 |
| Henrico County | Virginia | $359,200 | $1,541 |
| Whitman County | Washington | $359,600 | $1,049 |
| Owyhee County | Idaho | $359,800 | $821 |
Other Counties in Montana
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Mineral County | $364,300 | $801 | 81.1% |
| Granite County | $352,700 | $675 | 77.9% |
| Yellowstone County | $349,500 | $1,131 | 69.6% |
| Sweet Grass County | $330,100 | $1,149 | 79.7% |
| Lewis and Clark County | $393,500 | $1,102 | 70.1% |
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).