Wheatland County, Montana Housing Market
In Wheatland County, Montana, the median home value is $180,800, with a median monthly rent of $730. This places Wheatland County at #1627 nationally out of 3134 counties by median home value, and #47 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: $878
- Establishments: 82
- BLS QCEW, 2025
Migration Patterns
- Inflow: 824 (avg $49,385)
- Outflow: 796 (avg $49,760)
- IRS Statistics of Income
How Wheatland County Compares
| Metric | Wheatland County | Montana Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $180,800 | $276,876 | $227,706 |
| Median Gross Rent | $730 | $842 | $968 |
| Owner Occupancy Rate | 75.5% | 73.0% | 73.3% |
| Price/Rent Ratio | 20.6 | 27.2 | 18.7 |
Market Analysis
The median home value in Wheatland County is 34.7% below the Montana state average and 20.6% below the U.S. national average. The median rent of $730/month is 13.3% below the state average.
With a price-to-rent ratio of 20.6, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.
Wheatland County has an owner-occupancy rate of 75.5%, 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 |
|---|---|---|---|
| Murray County | Georgia | $180,700 | $857 |
| Carroll County | Indiana | $180,900 | $890 |
| Shawnee County | Kansas | $180,900 | $1,000 |
| Preble County | Ohio | $180,900 | $794 |
| Montgomery County | Ohio | $180,900 | $1,026 |
Other Counties in Montana
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Rosebud County | $182,400 | $672 | 63.6% |
| Daniels County | $184,800 | $581 | 83.1% |
| Dawson County | $185,300 | $815 | 71.9% |
| Garfield County | $169,900 | $725 | 72.2% |
| Powder River County | $192,100 | $533 | 78.8% |
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 2026-10-13. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).