Top Montana markets by PropertyIQ Score
Top metros
| # | Market | Score | Grade |
|---|---|---|---|
| 1 | Butte, MT | 70 | C- |
| 2 | Great Falls, MT | 61 | D- |
| 3 | Billings, MT | 54 | F |
| 4 | Helena, MT | 48 | F |
| 5 | Missoula, MT | 41 | F |
| 6 | Bozeman, MT | 38 | F |
| 7 | Kalispell, MT | 36 | F |
Top counties
| # | Market | Score | Grade |
|---|---|---|---|
| 1 | Powder River County, MT | 99 | A+ |
| 2 | Valley County, MT | 98 | A+ |
| 3 | Richland County, MT | 96 | A |
| 4 | Golden Valley County, MT | 95 | A |
| 5 | Stillwater County, MT | 95 | A |
| 6 | Wibaux County, MT | 95 | A |
| 7 | Sheridan County, MT | 95 | A |
| 8 | Custer County, MT | 95 | A |
| 9 | Sweet Grass County, MT | 94 | A |
| 10 | Prairie County, MT | 94 | A |
Montana Real Estate Market
AI-powered housing market analysis for every metro area and county in Montana. Updated monthly with the latest data from Zillow, Redfin, Census, and FRED.
Montana Metro Areas
7 metropolitan areas tracked by PropertyIQ in Montana
Montana Counties
54 counties tracked by PropertyIQ in Montana
+42 more counties in Montana tracked by PropertyIQ
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Montana Real Estate Market Analysis
Montana's real estate market spans a wide range of economic conditions, demographics, and price points. Whether you're a first-time buyer looking for the most affordable Montana metros or an investor weighing relative market strength, the PropertyIQ Score gives you a single data-first read — built from Zillow price momentum and Realtor.com market-flow signals, updated monthly — of how each market compares to its state.
Montana has experienced some of the nation's most dramatic appreciation as remote workers and second-home buyers have repriced markets from Bozeman to Whitefish. PropertyIQ tracks the growing divergence between Montana markets driven by sustainable job growth (Bozeman's tech corridor) and those reliant on speculative second-home demand vulnerable to rate cycles. Land availability and municipal water infrastructure are critical constraints PropertyIQ factors into its growth capacity assessments.
View the full PropertyIQ dashboard for any Montana market — including its PropertyIQ Score, updated monthly, and the price-momentum and market-flow signals behind it. Compare Montana markets against their state benchmark or against each other to identify opportunities aligned with your investment strategy.
Montana Metro Areas and ZIP Codes
Montana Counties and ZIP Codes
Last updated: 2026-07-20. Data from Zillow, Realtor.com, Redfin, U.S. Census Bureau, FRED, BLS, and BEA.
Frequently Asked Questions
How many housing markets does PropertyIQ track in Montana?
PropertyIQ currently tracks 7 metro areas and 54 counties in Montana, each with its own PropertyIQ Score, home value trend, and days on market reading, refreshed monthly.
What does a PropertyIQ Score of 50 mean for a Montana market?
A score of 50 marks Montana's own state average demand momentum. PropertyIQ computes scores nationally across every US market, then calibrates the scale so a Montana market is read against Montana's own typical momentum rather than the national average. A market scoring above 50 is positioned to outperform the Montana average over the next three years, while one below 50 is positioned to lag it.
Where can I find ZIP code level housing data for Montana?
Every metro area and county listed on this page links through to its own ZIP codes, and each ZIP has its own market page with home value, rent, and days on market data. Start from a Montana metro or county below, then drill into ZIP codes for the most localized data available.
What data sources does PropertyIQ use for Montana market data, and how often is it updated?
PropertyIQ ingests fresh data every month from Zillow home values, Realtor.com days on market and price cut activity, Redfin, the US Census Bureau, FRED, the Bureau of Labor Statistics, and the Bureau of Economic Analysis. Every metro, county, and ZIP page for Montana shows a last updated date, and PropertyIQ Scores are recomputed monthly once that new source data lands.
Which Montana metro area has the strongest housing demand right now?
As of the latest monthly refresh, Butte, MT has the highest PropertyIQ Score among Montana metro areas, indicating the strongest demand momentum in the state relative to its own history. Rankings shift month to month as new home value, days on market, and price cut data arrives, so check back after each monthly update.