Rent vs Buy in Montana
Compare 7 cities across Montana. Find out whether renting or buying makes more financial sense in your area.
7cities analyzed
Avg Home:$359,286
Avg Rent:$1,400/mo
Avg Price/Rent:21.5
Montana Housing Market Summary
7
Cities Analyzed
0
Favor Buying
3
Favor Renting
4
Toss-Up
Across Montana's 7 analyzed cities, the results are mixed with no clear winner statewide. Your decision depends heavily on which city you're considering.
The average home price in Montana is $359,286, with average rents at $1,400/month. This gives an average price-to-rent ratio of 21.5.
$Most Affordable Cities
$$Most Expensive Cities
All Montana Cities
Sorted by population. Click any city for detailed analysis.
| City | Median Price | Median Rent | Price/Rent | Break-even | Verdict |
|---|---|---|---|---|---|
| Billings | $390,000 | $1,600 | 20.3 | 8 yrs | Toss-up |
| Missoula | $360,000 | $1,250 | 24.0 | 17 yrs | Rent |
| Great Falls | $410,000 | $1,650 | 20.7 | 6 yrs | Toss-up |
| Bozeman | $390,000 | $1,300 | 25.0 | 14 yrs | Rent |
| Butte | $320,000 | $1,300 | 20.5 | 7 yrs | Toss-up |
| Helena | $350,000 | $1,250 | 23.3 | 14 yrs | Rent |
| Kalispell | $295,000 | $1,450 | 17.0 | 8 yrs | Toss-up |
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Run Your Own Numbers
These are general analyses based on median values. Use our comprehensive Buy vs Rent calculator to input your specific income, savings, and financial goals.
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