Sweet Grass County, Montana Housing Market
In Sweet Grass County, Montana, the median home value is $330,100, with a median monthly rent of $1,149. This places Sweet Grass County at #489 nationally out of 3134 counties by median home value, and #17 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: $1,292
- Establishments: 245
- BLS QCEW, 2025
Housing Supply
- Single-family: 0
- Multi-family: 2
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 1,543 (avg $82,561)
- Outflow: 1,390 (avg $81,122)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 1 active ZIP codes in Sweet Grass County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 59011 | 265.0 | — | 2024 |
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 Sweet Grass County Compares
| Metric | Sweet Grass County | Montana Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $330,100 | $276,876 | $227,706 |
| Median Gross Rent | $1,149 | $842 | $968 |
| Owner Occupancy Rate | 79.7% | 73.0% | 73.3% |
| Price/Rent Ratio | 23.9 | 27.2 | 18.7 |
Market Analysis
The median home value in Sweet Grass County is 19.2% above the Montana state average and 45.0% above the U.S. national average. The median rent of $1,149/month is 36.5% 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.
Sweet Grass County has an owner-occupancy rate of 79.7%, 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 |
|---|---|---|---|
| Tulare County | California | $330,100 | $1,280 |
| Spencer County | Kentucky | $330,000 | $987 |
| Churchill County | Nevada | $329,900 | $1,319 |
| Lancaster County | South Carolina | $329,900 | $959 |
| Santa Rosa County | Florida | $329,800 | $1,544 |
Other Counties in Montana
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Yellowstone County | $349,500 | $1,131 | 69.6% |
| Beaverhead County | $308,300 | $837 | 65.8% |
| Granite County | $352,700 | $675 | 77.9% |
| Powell County | $306,500 | $820 | 72.5% |
| Sanders County | $359,000 | $820 | 81.3% |
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).