Yellowstone County, Montana Housing Market
In Yellowstone County, Montana, the median home value is $349,500, with a median monthly rent of $1,131. This places Yellowstone County at #418 nationally out of 3134 counties by median home value, and #16 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: $1,241
- Establishments: 7,423
- BLS QCEW, 2025
Housing Supply
- Single-family: 685
- Multi-family: 312
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 72,510 (avg $88,891)
- Outflow: 67,592 (avg $90,933)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 4 active ZIP codes in Yellowstone County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 59079 | 410.5 | +23.38% | 2025 |
| 2 | 59105 | 310.9 | +3.66% | 2025 |
| 3 | 59102 | 309.0 | +0.42% | 2025 |
| 4 | 59106 | 267.2 | -0.30% | 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 Yellowstone County Compares
| Metric | Yellowstone County | Montana Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $349,500 | $276,876 | $227,706 |
| Median Gross Rent | $1,131 | $842 | $968 |
| Owner Occupancy Rate | 69.6% | 73.0% | 73.3% |
| Price/Rent Ratio | 25.8 | 27.2 | 18.7 |
Market Analysis
The median home value in Yellowstone County is 26.2% above the Montana state average and 53.5% above the U.S. national average. The median rent of $1,131/month is 34.3% above the state average.
With a price-to-rent ratio of 25.8, Yellowstone 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.
Yellowstone County has an owner-occupancy rate of 69.6%, 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 |
|---|---|---|---|
| McKenzie County | North Dakota | $349,600 | $1,284 |
| Warren County | Ohio | $349,400 | $1,361 |
| Baltimore County | Maryland | $349,300 | $1,627 |
| Brunswick County | North Carolina | $349,800 | $1,351 |
| Pinal County | Arizona | $349,000 | $1,537 |
Other Counties in Montana
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Granite County | $352,700 | $675 | 77.9% |
| Sanders County | $359,000 | $820 | 81.3% |
| Mineral County | $364,300 | $801 | 81.1% |
| Sweet Grass County | $330,100 | $1,149 | 79.7% |
| Beaverhead County | $308,300 | $837 | 65.8% |
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 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).