Rental numbers for Montana
0 of 26 ZIP codes with full Zillow data in this state are cash-flow positive; the median gross yield is 4.1%.
- Gross yield
- n/a
- no Zillow rent index
- Median ZIP yield
- 4.1%
- 26 ZIPs with full data
- Cash flow
- n/a
- at 7.78%, 25% down
- Typical price
- $472,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $1,630/mo
- median across 26 tier A ZIPs, Aug 2026
Counties
Gross yield uses Zillow county rent where published, otherwise the median ZIP yield
| Silver Bow County | $289,000 | $1,441 | 6.0% | 2.5% | -$954 | +2.2% |
| Cascade County | $342,000 | $1,366 | 4.8% | 1.7% | -$1,363 | +4.7% |
| Yellowstone County | $401,000 | $1,426 | 4.3% | 1.4% | -$1,699 | +3.3% |
| Lewis and Clark County | $469,000 | $1,628 | 4.2% | 1.4% | -$1,980 | +2.9% |
| Gallatin County | $701,000 | $2,171 | 3.7% | 1.4% | -$2,983 | +3.3% |
| Flathead County | $651,000 | $1,991 | 3.7% | 1.3% | -$2,802 | +3.4% |
| Ravalli County | $603,000 | $1,682 | 3.4% | 1.1% | -$2,709 | +6.1% |
| Lake County | $603,000 | $1,660 | 3.3% | 0.9% | -$2,780 | n/a |
| Missoula County | $575,000 | $1,553 | 3.2% | 0.6% | -$2,816 | +2.4% |
| Park County | $610,000 | $1,567 | 3.1% | 0.8% | -$2,889 | +3.0% |
| Beaverhead County | $403,000 | not published | n/a | n/a | n/a | n/a |
| Big Horn County | $228,000 | not published | n/a | n/a | n/a | n/a |
| Blaine County | $220,000 | not published | n/a | n/a | n/a | n/a |
| Broadwater County | $529,000 | not published | n/a | n/a | n/a | n/a |
| Carbon County | $513,000 | not published | n/a | n/a | n/a | n/a |
| Carter County | $173,000 | not published | n/a | n/a | n/a | n/a |
| Chouteau County | $317,000 | not published | n/a | n/a | n/a | n/a |
| Custer County | $251,000 | not published | n/a | n/a | n/a | n/a |
| Daniels County | $171,000 | not published | n/a | n/a | n/a | n/a |
| Dawson County | $207,000 | not published | n/a | n/a | n/a | n/a |
| Deer Lodge County | $298,000 | not published | n/a | n/a | n/a | n/a |
| Fallon County | $198,000 | not published | n/a | n/a | n/a | n/a |
| Fergus County | $300,000 | not published | n/a | n/a | n/a | n/a |
| Garfield County | $314,000 | not published | n/a | n/a | n/a | n/a |
| Glacier County | $166,000 | not published | n/a | n/a | n/a | n/a |
| Golden Valley County | $243,000 | not published | n/a | n/a | n/a | n/a |
| Granite County | $472,000 | not published | n/a | n/a | n/a | n/a |
| Hill County | $232,000 | not published | n/a | n/a | n/a | n/a |
| Jefferson County | $525,000 | not published | n/a | n/a | n/a | n/a |
| Judith Basin County | $298,000 | not published | n/a | n/a | n/a | n/a |
| Liberty County | $218,000 | not published | n/a | n/a | n/a | n/a |
| Lincoln County | $427,000 | not published | n/a | n/a | n/a | n/a |
| Madison County | $758,000 | not published | n/a | n/a | n/a | n/a |
| McCone County | $256,000 | not published | n/a | n/a | n/a | n/a |
| Meagher County | $318,000 | not published | n/a | n/a | n/a | n/a |
| Mineral County | $397,000 | not published | n/a | n/a | n/a | n/a |
| Musselshell County | $251,000 | not published | n/a | n/a | n/a | n/a |
| Petroleum County | $211,000 | not published | n/a | n/a | n/a | n/a |
| Phillips County | $223,000 | not published | n/a | n/a | n/a | n/a |
| Pondera County | $268,000 | not published | n/a | n/a | n/a | n/a |
| Powder River County | $295,000 | not published | n/a | n/a | n/a | n/a |
| Powell County | $340,000 | not published | n/a | n/a | n/a | n/a |
| Prairie County | $134,000 | not published | n/a | n/a | n/a | n/a |
| Richland County | $277,000 | not published | n/a | n/a | n/a | n/a |
| Roosevelt County | $152,000 | not published | n/a | n/a | n/a | n/a |
| Rosebud County | $236,000 | not published | n/a | n/a | n/a | n/a |
| Sanders County | $461,000 | not published | n/a | n/a | n/a | n/a |
| Sheridan County | $187,000 | not published | n/a | n/a | n/a | n/a |
| Stillwater County | $490,000 | not published | n/a | n/a | n/a | n/a |
| Sweet Grass County | $486,000 | not published | n/a | n/a | n/a | n/a |
| Teton County | $364,000 | not published | n/a | n/a | n/a | n/a |
| Toole County | $186,000 | not published | n/a | n/a | n/a | n/a |
| Treasure County | $240,000 | not published | n/a | n/a | n/a | n/a |
| Valley County | $204,000 | not published | n/a | n/a | n/a | n/a |
| Wheatland County | $184,000 | not published | n/a | n/a | n/a | n/a |
| Wibaux County | $232,000 | not published | n/a | n/a | n/a | n/a |
Highest-yield ZIP codes in Montana
Tier A only: Zillow value against Zillow rent
| ZIP | Typical price | Rent | Gross yield | Cash flow /mo |
|---|---|---|---|---|
| 59701Butte | $285,000 | $1,441 | 6.1% | -$933 |
| 59401Great Falls | $290,000 | $1,248 | 5.2% | -$1,130 |
| 59405Great Falls | $330,000 | $1,386 | 5.1% | -$1,259 |
| 59404Great Falls | $392,000 | $1,622 | 5.0% | -$1,484 |
| 59714Belgrade | $553,000 | $2,256 | 4.9% | -$1,957 |
| 59102Billings | $382,000 | $1,430 | 4.5% | -$1,581 |
| 59635East Helena | $436,000 | $1,625 | 4.5% | -$1,732 |
| 59044Laurel | $375,000 | $1,390 | 4.5% | -$1,497 |
| 59101Billings | $333,000 | $1,229 | 4.4% | -$1,428 |
| 59602Helena | $533,000 | $1,887 | 4.3% | -$2,165 |
Trends
Five years to August 2026
- Price, 12 months
- +2.1%
- Rent, 12 months
- n/a
- Rent minus price growth
- n/a
- Property tax
- 0.72%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value |
|---|---|
| Aug 2021 | $377,270 |
| Aug 2022 | $451,383 |
| Aug 2023 | $443,579 |
| Aug 2024 | $456,035 |
| Aug 2025 | $462,286 |
| Aug 2026 | $471,746 |
Costs that vary by state
- Effective property tax
- 0.72%
- Census ACS 2024
- Landlord insurance default
- $2,122/yr
- NAIC HO-3 $1,768 x 1.2
- Permits per 1,000 households
- 11.9
- last 12 months
- Median typical price
- $548,000
- tier A ZIPs
Metros
Questions
- Is Montana good for rental property?
- 0 of 26 ZIP codes with full Zillow data in this state are cash-flow positive; the median gross yield is 4.1%. Cash flow assumes the typical home in each ZIP, 7.78% with 25% down and the default costs.
- What is the average property tax rate in Montana?
- About 0.72% of value statewide (Census ACS median taxes paid over median value). Rates vary widely by county; the county table above links to each.
- What does landlord insurance cost in Montana?
- NAIC's 2023 average homeowners (HO-3) premium in Montana was $1,768. Landlord policies usually cost more, so this site assumes $2,122 a year. Quotes depend on the property, coverage and claims history.
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
- Building Permits Survey, county monthly files
US Census Bureau. Read: 2025-09 to 2026-08.
New housing units permitted in the last 12 months per 1,000 households, a supply-pressure signal.
- NAIC Homeowners Insurance Report, data for 2023
National Association of Insurance Commissioners. Read: 2023.
Average HO-3 homeowners premium by state, multiplied by 1.2 as a landlord-policy assumption.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.