Great Falls, MT Housing Market
AI-powered market intelligence for the Great Falls, MT metro area.
PropertyIQ Scores
Great Falls, MT Market Analysis
Market Overview
Great Falls, MT registers a PropertyIQ Score of 78 out of 100, positioning it as a moderately strong market. The score is driven by a 12-month home value momentum reading of 6.80%, a median days on market of 51 days, and a share of listings with a price cut of 13.0%. At the same time, the 3-month home value momentum reading is -0.16%, and the recorded year-over-year home value change is -$6, indicating that recent price movement has cooled even though longer annual momentum remains positive.
Compared with state averages, Great Falls is more affordable on ownership prices but less affordable on rents. The median home value of $344,123 is well below the Montana average of $475,191, while the rent index of $1,381 is notably above the state average of $1,031. The unemployment rate matches the state at 3.3%, and median household income of $66,203 is slightly below the state average of $69,922. With 192 homes for sale, the market is not severely supply-constrained, but it is balanced enough to keep days on market at 51 and the price-cut share at 13.0%.
Key Trends
One trend is the split between annual and recent price momentum. The 12-month home value momentum of 6.80% helped drive the overall score, but the 3-month momentum of -0.16% and the year-over-year home value change of -$6 show that values have flattened or dipped slightly in the near term. That suggests the market has shifted from appreciating to cooling.
Another trend is the strength of rents relative to home prices. Great Falls has a rent index of $1,381, which is $350 above the state average of $1,031. At the same time, the median home value is more than $130,000 below the state average. This combination points to a market where renting is expensive relative to Montana, but buying is less expensive than the state typical profile.
Affordability is mixed. The median household income of $66,203 is slightly below the state average of $69,922. Although the median home value of $344,123 is lower than the state average, it is still a significant amount relative to local income. The above-average rent index also adds pressure on renters, so the market is not uniformly affordable.
Market pace indicators show balance rather than distress. A median days on market of 51 days and a 13.0% share of listings with a price cut suggest that homes are selling at a moderate pace, but sellers are not in a position of extreme pricing power. Population growth is listed as N/A, so demographic-driven demand cannot be directly assessed from the available data.
Who Is This Market For
Great Falls may appeal to first-time buyers seeking a lower ownership price than much of Montana. The median home value of $344,123 is well below the state average of $475,191, and the 51-day median days on market plus 13.0% price-cut share may provide some negotiation room. However, the local median household income of $66,203 is slightly below the state average, so affordability is still a consideration.
Buy-and-hold investors may also find this market interesting. The rent index of $1,381 is above the state average of $1,031, while the median home value is below the state average. That profile can support rental income relative to purchase price, though the dataset does not include operating costs, vacancy, or rent growth.
Move-up buyers may find enough balance to act. The 13.0% price-cut share and 51-day median days on market mean sellers are not commanding a frantic pace. At the same time, the 12-month home value momentum of 6.80% shows underlying strength over the past year. Renters face above-average rents compared with the state, so those who can qualify for a mortgage may see ownership as more attractive.
Outlook
The near-term outlook points to moderation rather than sharp movement in either direction. The 12-month home value momentum of 6.80% supports the market’s solid score, but the 3-month momentum of -0.16% and the year-over-year change of -$6 indicate that prices are flattening. With a median days on market of 51 days and a 13.0% share of listings with price cuts, buyers are likely to retain some negotiating power, while sellers may need to price realistically.
Supporting factors include an unemployment rate of 3.3% matching the state average and a rent index of $1,381 above the state average, which suggests ongoing housing demand. The main uncertainty is demographic: population growth is listed as N/A, so long-term demand from population change cannot be projected from this dataset. Based on the metrics provided, the market appears stable-to-cooling in the short term, with affordability and rental strength as key supports.
AI-generated analysis based on current market data. Last updated August 31, 2026.
Get Great Falls, MT market updates
Choose your role for tailored insights.
Great Falls, MT market data
Great Falls, MT Housing Market Overview
Great Falls, MT's median home value is $344K, up 6.8% over the past year. Homes here sell in a median 51 days. Its PropertyIQ Score of 78 sits well above the state average of 50, marking a market positioned to outperform its state over the next three years.
Understanding the Great Falls, MT housing market requires looking beyond headline price figures. The PropertyIQ Score reads both sides of market strength: Zillow price momentum across 3- and 12-month windows, and Realtor.com flow signals — days on market and the share of listings with price cuts. Together they predict how this MT metro is set to perform relative to the rest of its state.
Mountain West markets combine outdoor lifestyle appeal with booming tech and remote-work migration. Cities across Colorado, Utah, Arizona, and Nevada have experienced some of the nation's fastest appreciation, though rising interest rates have introduced new dynamics to these previously red-hot markets. Within the Mountain West, Great Falls, MT's PropertyIQ Score of 78 ranks among the Mountain West's stronger demand signals.
The PropertyIQ Score for the Great Falls, MT market is built from four inputs: Zillow home-value momentum over twelve months, Zillow home-value momentum over three months, the median days listings spend on the market (Realtor.com), and the share of listings with a price cut (Realtor.com). The score runs on a 1 to 99 scale computed across all metro markets nationally and calibrated so 50 equals the state average — a score above 50 means this market is positioned to outperform its state, and a score below 50 means it is set to lag. Momentum here has been positive, with home values up 6.8% over the past year.
View Great Falls, MT's complete market profile including historical price trends, score history, and AI-generated analysis. Compare this market against any other US metro to find the best opportunities for your investment strategy.
Counties in the Great Falls, MT metro area
ZIP codes in the Great Falls, MT metro area
View all 16 →Top markets in MT
Market data through July 2026. Sourced from Zillow, Realtor.com, Redfin, U.S. Census Bureau, FRED, BLS, and BEA. Per-statistic source and date shown above.
Frequently Asked Questions
Is Great Falls, MT a good place to buy real estate in 2026?
PropertyIQ doesn't label markets simply good or bad. Instead, the PropertyIQ Score measures a market's demand momentum against its own state, where 50 marks the state average. Great Falls, MT currently scores 78, a rising-momentum reading that leaves it positioned to outperform its state over the next three years. For buyers, strengthening demand usually means rising competition and firmer prices, so waiting can cost you negotiating room. Backing that up, the median home value here is $344K, up 6.8% over the past year. So whether Great Falls, MT is right for you comes down to your goals: a rising-momentum market can favor long-term appreciation but offers less room to negotiate, while a cooling one hands buyers more leverage. Treat the score as a timing signal to weigh alongside your budget, holding period, and plans for the property, not a verdict on the market's quality.
What is the PropertyIQ Score for Great Falls, MT?
Great Falls, MT's PropertyIQ Score is 78, indicating rising momentum on a 1-to-99 scale. The score distills four transparent inputs into a single number: Zillow home-value momentum over the past 12 months, Zillow home-value momentum over the past 3 months, the median days homes spend on the market from Realtor.com, and the share of listings with a price cut, also from Realtor.com. Rising values and faster sales push the score up, while slow sales and frequent price cuts pull it down. The scale is calibrated so 50 equals the state average, meaning a score above 50 predicts the market will outperform its state over the next three years and a score below 50 predicts underperformance. PropertyIQ computes the score across every US market nationally, then recenters it against each state, so 78 places Great Falls, MT above its state benchmark.
Are home prices in Great Falls, MT rising or falling?
Home prices in Great Falls, MT are rising. Over the past year, the median home value increased 6.8%, reaching $344K. Over the latest three months, values slipped 0.2%, a sign near-term demand is softening. PropertyIQ derives these figures from Zillow's home-value index, which tracks the typical value across the market rather than only the homes that happened to sell, giving a steadier read than a raw median sale price. Both the 12-month and 3-month momentum readings feed directly into the PropertyIQ Score, so this price trend is one of the core signals behind Great Falls, MT's current score. Keep in mind that appreciation can vary widely by neighborhood and price tier across the metro area, so treat these figures as the market-wide baseline rather than a guarantee for any single property.
How quickly do homes sell in Great Falls, MT?
In Great Falls, MT, homes sell in a median of 51 days from listing to pending sale, based on Realtor.com market data. Median days on market is one of the clearest real-time reads on local demand: when homes move quickly, buyers are competing and sellers hold the advantage, while lengthening timelines signal cooling interest and more room to negotiate. Alongside sale speed, about 13% of active listings here have taken at least one price cut — a complementary demand gauge, since a rising share of reductions often precedes slower sales and softer prices. Both median days on market and the price-cut share feed directly into the PropertyIQ Score, where faster sales and fewer cuts push the score higher. As a general guide, medians under about 30 days indicate a brisk, competitive market, while medians well beyond 60 days point to buyers regaining leverage. Actual time on market still varies by price band, property type, and season, so treat the median as a market-wide baseline.
How current is this metro area data?
This Great Falls, MT market data is refreshed on a monthly cycle, with the latest figures current through July 2026. PropertyIQ ingests fresh data every month from a range of authoritative sources: home values and rents from Zillow, days on market and price-cut activity from Realtor.com, additional housing signals from Redfin, demographic and housing-stock data from the U.S. Census Bureau, mortgage and macroeconomic series from FRED, and employment figures from the Bureau of Labor Statistics and the Bureau of Economic Analysis. The PropertyIQ Score itself is recomputed every month once the new source data lands, so the score and its four underlying inputs always reflect the most recent complete reporting period rather than a static snapshot. Because official housing data is typically released with a short lag, the current-through date usually trails the present by a few weeks, which is normal across the industry and not a sign the data is out of date.