Missoula
Montana · Ranked #290 of 373 metros
54Moderate
💡
Housing in Missoula costs 6.65× the median income, above the national average of 4.5×. The median home price is $488K and median rent is $1,166/month. Missoula ranks #290 of 373 metros for affordability.
Median Home Price
🏠$488K
Need $144K income
Median Rent
🔑$1,166
Need $47K income
Building Permits
🔨777
annual
Median Income
💰$73K
Pop: 143,729
Rent Burden
⚠️29.0%
of renters paying >30%
Homeownership
🏡61.0%
Rent Burden
vs. National Average
Key Facts vs. National Average
| Metric | Missoula | National |
|---|---|---|
| Price-to-Income Ratio | 6.65x | 6.1x |
| Rent Burden | 29.0% | 31.5% |
| Homeownership Rate | 61.0% | 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: +80.7%Since 2000: +311.8%
HUD Fair Market Rents (FY2026)
Section 8 voucher payment standards
Studio$1,143/mo
1 Bedroom$1,400/mo
2 Bedroom$1,655/mo
3 Bedroom$2,302/mo
4 Bedroom$2,776/mo
Zillow Market Data
Home Value (ZHVI)
$560K
1yr: +0.8%5yr: +44.5%
Rent (ZORI)
$1,498/mo
1yr: +3.5%5yr: +38.4%
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
$519K
Active Inventory
56
Days on Market
65
Sold Above List
0.0%
Price Drops
8.9%