Great Falls
Montana · Ranked #177 of 373 metros
77Affordable
💡
Housing in Great Falls costs 4.31× the median income, below the national average of 4.5×. The median home price is $287K and median rent is $959/month. Great Falls ranks #177 of 373 metros for affordability.
Median Home Price
🏠$287K
Need $85K income
Median Rent
🔑$959
Need $38K income
Building Permits
🔨223
annual
Median Income
💰$66K
Pop: 92,127
Rent Burden
⚠️17.6%
of renters paying >30%
Homeownership
🏡68.0%
Rent Burden
vs. National Average
Key Facts vs. National Average
| Metric | Great Falls | National |
|---|---|---|
| Price-to-Income Ratio | 4.31x | 6.1x |
| Rent Burden | 17.6% | 31.5% |
| Homeownership Rate | 68.0% | 65.5% |
| YoY Rent Change | 0% | +2.8% |
| Mortgage Denial Rate | 0.0% | 13.5% |
| Eviction Rate | 0.0% | 3.6% |
House Price Index (2000–2025)
FHFA All-Transactions HPI
Since 2019: +73.3%Since 2000: +226.3%
HUD Fair Market Rents (FY2026)
Section 8 voucher payment standards
Studio$960/mo
1 Bedroom$979/mo
2 Bedroom$1,284/mo
3 Bedroom$1,786/mo
4 Bedroom$2,035/mo
Zillow Market Data
Home Value (ZHVI)
$331K
1yr: +4.4%5yr: +56.4%
Rent (ZORI)
$1,329/mo
1yr: +3.6%5yr: +48.3%
Note: ZORI reflects current listing prices and may differ from the Census ACS median rent shown above, which captures what renters actually pay including below-market and subsidized units.
Redfin Market Activity
Median Sale Price
$378K
Active Inventory
257
Days on Market
94
Sold Above List
0.0%
Price Drops
18.3%