Great Falls, Montana Real Estate Market Analysis

dynamic.RE

Great Falls, Montana

5 ZIPs in this city:59401 59403 59404 59405 59406

Market Hotness

Hotness Rank

Hotness Score

Supply Score

Demand Score

DOM vs US

-8.0%

Faster

Price vs US

94%

Below avg

Median Listing Price

$420K

Population

75,427

Households

31,644

Median Days on Market

Active Listings

146

New Listings

112

Housing Market

Pricing

Median Listing Price

$420K-3.2% YoY

Average Listing Price

$525K-8.0% YoY

Price per Sq Ft

$201.719+1.3% YoY

Median Sq Ft

2,120-4.7% YoY

Inventory

Active Listings

146+2.1% YoY

New Listings

112+21.7% YoY

Total Listings

262+7.8% YoY

Buyer Competition

Pending Listings

118+13.5% YoY

Pending Ratio

0.82+12.1% YoY

Median Days on Market

46+14.0% YoY

Price Reduced

14.1%-23.8% YoY

Units & Occupancy

2024 Occupancy

39Kunits

Occupied35,61590.2%
Vacant3,8829.8%

2024 Tenure

36Koccupied

Owner24,40868.5%
Renter11,20731.5%

Renter Share

31.5%+5.4% YoY

Total Housing Units

39,497+0.6% YoY

FY2026 Fair Market Rent — Cascade County

HUD government estimate (40th percentile) — not actual market asking rent.

Studio

$960

/month

1 BR

$979

/month

2 BR

$1,284

/month

3 BR

$1,786

/month

4 BR

$2,035

/month

FMR Trends — Cascade County

Source: HUD Fair Market Rents

ZIP Profile

U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.

Population & Age

Total Population

75,427-0.5% YoY

2024 Age Mix

75Kresidents

Under 1817,08922.7%
Adults 18–6444,20458.6%
65 & Over14,13418.7%

Age Composition Over Time2019–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Median Age

37.44-0.2% YoY

Population Under 18

17,089-1.0% YoY

Population 65 & Over

14,134-0.7% YoY

Households & Mobility

Total Households

31,644+1.3% YoY

Household Types

--Not reported for this area (ACS).

Avg Household Size

2.30-1.7% YoY

2024 Residential Mobility

of residents

Same house83.7%
Moved (within US)15.5%
Other0.8%

Veterans

12.5%-5.4% YoY

Income & Poverty

Median Household Income

$67K+2.1% YoY

Per-Capita Income

$38K+6.2% YoY

Mean Household Income

$89K+5.2% YoY

Below Poverty Level

13.2%+1.5% YoY

Commuting

2024 Commute Mode

of workers

Drove alone78.7%
Public transit0.7%
Worked from home7.0%
Other13.6%

Worked From Home

7.0%+5.9% YoY

Mean Commute

15.47+0.3% YoY

Units & Tenure

Total Housing Units

34,125+0.3% YoY

2024 Occupancy

34Kunits

Occupied31,64492.7%
Vacant2,4817.3%

2024 Tenure

32Khouseholds

Owner21,04266.5%
Renter10,60233.5%

Avg Household Size — Owner

2.43-0.1% YoY

Avg Household Size — Renter

2.06-4.7% YoY

County Demographics

Median Age

38.62024

Population

Cascade County Population

84,523-0.1% YoY

Households

Total Households

35,615+2.0% YoY

Household Types

--Not reported for this area (ACS).

Avg Household Size

2.30-1.7% YoY

Age

2024 Age Mix

85Kresidents

Under 1818,86222.3%
Adults 18–6449,13058.1%
65 & Over16,61419.6%

Age Composition Over Time2017–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Population Under 18

18,862-0.7% YoY

Population 65 & Over

16,614+1.6% YoY

Median Age

38.60+0.8% YoY

Mobility & Veterans

2024 Residential Mobility

of residents

Same house84.6%
Moved (within US)14.7%
Other0.7%

Veterans

12.6%-5.3% YoY

County Economy

Income

Median Household Income

$68K+2.2% YoY

Per-Capita Income

$39K+6.1% YoY

Mean Household Income

$90K+4.8% YoY

Poverty

Below Poverty Level

13.1%-0.8% YoY

Transportation to Work

2024 Commute Mode

of workers

Drove alone77.4%
Public transit0.7%
Worked from home7.4%
Other14.5%

Worked From Home

7.4%+5.7% YoY

Mean Commute

16.50-0.6% YoY

Great Falls, Montana

5 ZIPs in this city:59401 59403 59404 59405 59406

Market Hotness

Hotness Rank

Hotness Score

Supply Score

Demand Score

DOM vs US

-8.0%

Faster

Price vs US

94%

Below avg

Median Listing Price

$420K

Population

75,427

Households

31,644

Median Days on Market

Active Listings

146

New Listings

112

Housing Market

Pricing

Median Listing Price

$420K-3.2% YoY

Average Listing Price

$525K-8.0% YoY

Price per Sq Ft

$201.719+1.3% YoY

Median Sq Ft

2,120-4.7% YoY

Inventory

Active Listings

146+2.1% YoY

New Listings

112+21.7% YoY

Total Listings

262+7.8% YoY

Buyer Competition

Pending Listings

118+13.5% YoY

Pending Ratio

0.82+12.1% YoY

Median Days on Market

46+14.0% YoY

Price Reduced

14.1%-23.8% YoY

Units & Occupancy

2024 Occupancy

39Kunits

Occupied35,61590.2%
Vacant3,8829.8%

2024 Tenure

36Koccupied

Owner24,40868.5%
Renter11,20731.5%

Renter Share

31.5%+5.4% YoY

Total Housing Units

39,497+0.6% YoY

FY2026 Fair Market Rent — Cascade County

HUD government estimate (40th percentile) — not actual market asking rent.

Studio

$960

/month

1 BR

$979

/month

2 BR

$1,284

/month

3 BR

$1,786

/month

4 BR

$2,035

/month

FMR Trends — Cascade County

Source: HUD Fair Market Rents

ZIP Profile

U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.

Population & Age

Total Population

75,427-0.5% YoY

2024 Age Mix

75Kresidents

Under 1817,08922.7%
Adults 18–6444,20458.6%
65 & Over14,13418.7%

Age Composition Over Time2019–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Median Age

37.44-0.2% YoY

Population Under 18

17,089-1.0% YoY

Population 65 & Over

14,134-0.7% YoY

Households & Mobility

Total Households

31,644+1.3% YoY

Household Types

--Not reported for this area (ACS).

Avg Household Size

2.30-1.7% YoY

2024 Residential Mobility

of residents

Same house83.7%
Moved (within US)15.5%
Other0.8%

Veterans

12.5%-5.4% YoY

Income & Poverty

Median Household Income

$67K+2.1% YoY

Per-Capita Income

$38K+6.2% YoY

Mean Household Income

$89K+5.2% YoY

Below Poverty Level

13.2%+1.5% YoY

Commuting

2024 Commute Mode

of workers

Drove alone78.7%
Public transit0.7%
Worked from home7.0%
Other13.6%

Worked From Home

7.0%+5.9% YoY

Mean Commute

15.47+0.3% YoY

Units & Tenure

Total Housing Units

34,125+0.3% YoY

2024 Occupancy

34Kunits

Occupied31,64492.7%
Vacant2,4817.3%

2024 Tenure

32Khouseholds

Owner21,04266.5%
Renter10,60233.5%

Avg Household Size — Owner

2.43-0.1% YoY

Avg Household Size — Renter

2.06-4.7% YoY

County Demographics

Median Age

38.62024

Population

Cascade County Population

84,523-0.1% YoY

Households

Total Households

35,615+2.0% YoY

Household Types

--Not reported for this area (ACS).

Avg Household Size

2.30-1.7% YoY

Age

2024 Age Mix

85Kresidents

Under 1818,86222.3%
Adults 18–6449,13058.1%
65 & Over16,61419.6%

Age Composition Over Time2017–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Population Under 18

18,862-0.7% YoY

Population 65 & Over

16,614+1.6% YoY

Median Age

38.60+0.8% YoY

Mobility & Veterans

2024 Residential Mobility

of residents

Same house84.6%
Moved (within US)14.7%
Other0.7%

Veterans

12.6%-5.3% YoY

County Economy

Income

Median Household Income

$68K+2.2% YoY

Per-Capita Income

$39K+6.1% YoY

Mean Household Income

$90K+4.8% YoY

Poverty

Below Poverty Level

13.1%-0.8% YoY

Transportation to Work

2024 Commute Mode

of workers

Drove alone77.4%
Public transit0.7%
Worked from home7.4%
Other14.5%

Worked From Home

7.4%+5.7% YoY

Mean Commute

16.50-0.6% YoY