Silver Bow County, Montana Housing Market

In Silver Bow County, Montana, the median home value is $255,200, with a median monthly rent of $863. This places Silver Bow County at #865 nationally out of 3134 counties by median home value, and #25 within Montana.

Median Home Value $255,200
Median Rent $863/mo
Owner Occupancy 70.8%
Price/Rent Ratio 24.6

📈 Price Trend (2017 → 2024)

📊 Recent Market Momentum (FHFA HPI)

FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025

💡 Year-over-Year Trend: Home prices in Silver Bow County rose +3.9% year-over-year as of 2025. (Source: FHFA)

📍 Economic Snapshot

💼

Employment & Wages

14,126
jobs (private sector)
  • Avg weekly wage: $1,084
  • Establishments: 1,406
  • BLS QCEW, 2025
🏗️

Housing Supply

130
new units authorized (2025)
  • Single-family: 81
  • Multi-family: 49
  • U.S. Census Bureau, Building Permits Survey
🚚

Migration Patterns

+1234
net migration (filers, 2021-2022)
  • Inflow: 15,173 (avg $71,844)
  • Outflow: 13,939 (avg $72,419)
  • IRS Statistics of Income

How Silver Bow County Compares

MetricSilver Bow CountyMontana AverageU.S. Average
Median Home Value $255,200 $276,876 $227,706
Median Gross Rent $863 $842 $968
Owner Occupancy Rate 70.8% 73.0% 73.3%
Price/Rent Ratio 24.6 27.2 18.7

Market Analysis

The median home value in Silver Bow County is 7.8% below the Montana state average and 12.1% above the U.S. national average. The median rent of $863/month is 2.5% above the state average.

With a price-to-rent ratio of 24.6, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.

Silver Bow County has an owner-occupancy rate of 70.8%, 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

CountyStateMedian Home ValueMedian Rent
Carroll County Georgia $255,100 $1,153
Pope County Minnesota $255,100 $902
Antrim County Michigan $255,500 $902
Cass County Nebraska $254,900 $996
Lincoln County Idaho $255,600 $1,021

Other Counties in Montana

CountyMedian Home ValueMedian RentOwner Occ.
Meagher County $259,800 $1,263 75.4%
Richland County $263,000 $917 67.1%
Teton County $264,000 $730 75.5%
Cascade County $265,300 $939 68.5%
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).