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:$474,108
Avg Rent:$1,592/mo
Avg Price/Rent:24.4
Montana Housing Market Summary
7
Cities Analyzed
0
Favor Buying
7
Favor Renting
0
Toss-Up
Across Montana's 7 analyzed cities, the majority (7 cities) favor renting over buying. High home prices relative to rents make renting more financially attractive in much of Montana.
The average home price in Montana is $474,108, with average rents at $1,592/month. This gives an average price-to-rent ratio of 24.4.
$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 | $390,156.44 | $1,430.51 | 22.7 | N/A | Rent |
| Missoula | $558,039.58 | $1,475.08 | 31.5 | N/A | Rent |
| Great Falls | $331,267.74 | $1,334.74 | 20.7 | N/A | Rent |
| Bozeman | $683,515.05 | $2,137.23 | 26.7 | N/A | Rent |
| Helena | $450,625.78 | $1,522.84 | 24.7 | N/A | Rent |
| Butte | $275,153.59 | $1,266.89 | 18.1 | N/A | Rent |
| Kalispell | $629,996.52 | $1,973.66 | 26.6 | N/A | Rent |
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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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