Montana Real Estate

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Commonly Asked Questions about Montana Real Estate

Are house prices dropping in Montana?

In 2023, the Montana housing market is still strong, with robust demand and increasing property sales despite high prices. While each city and town has different real estate trends, experts believe that no metro area in Montana will experience a decline in home values this year.

What is the average house cost in Montana?

Average Housing Costs in Montana: $614 to $1,681 per month In February 2023, Montanas typical home value was $430,528, Zillow said. How much youll spend on housing will depend on your specific living arrangements. Lets look at a few options, ing to the 2021 census data.

Is Montana a good state to buy land?

Montanas economy grows faster than the national average and has been doing so since the early 2000s. This is partly due to the states top exports being cattle and calves. The available plots of farm or ranch land average over 2,000 acres in size, leaving you plenty of space to begin your ranching career.

Is land in Montana a good investment?

Eastern Montana land is very inexpensive, productive and will likely have good appreciation. Western Montana is where you have more mountains, rivers and the coveted bigger game and trout fishing. Both are potentially pretty good investments over the long haul.

Is buying land in Montana expensive?

The average price of Montana land listings and rural property for sale is $1 million.

Why are houses in Montana so expensive?

ing to the Montana Department of Labor Industry, our workforce is down by over 10,000 workers despite the influx of new residents. Without workers and material prices slow to come down, homes are not being built fast enough to catch up.

Why are people buying up land in Montana?

BOZEMAN, Mont. Montana is known for its agricultural production, but over the past 15 years, the states farmland has been shrinking. As the states farmland declines, the property is becoming increasingly appealing to investors.

How much is 1 acre worth in Montana?

Average and median per acre prices (for unimproved land) have remained fairly constant from 2020 2022 with an average per acre price of $4,000+ and a median per acre price of approximately $2,000, both values notably higher from the two previous years (2018-2019).