Big Horn County, Montana Housing Market Prices
Big Horn County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 6% above the Montana median$264,324
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Median rent 36% below the Montana median Cheaper than 78% of counties in Montana$696
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Big Horn County | Montana Avg | US Average |
|---|---|---|---|
| Median Home Price | $264,324 | $249,140 | $248,835 |
| Price Trend (Annual %) | 11.1% | 3.8% | 7.5% |
| Median Gross Rent | $696 | $1,081 | $1,407 |
| Rent Trend (Annual %) | 0.9% | 5.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Big Horn County is about 6% higher than in Montana. Rent is about 36% lower than the Montana average.
Median Home and Rent Price Trends
Median Home Prices, 2019-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Big Horn County, up about 11.1% and 0.9% a year respectively. Home prices are changing faster.
Median rent in Big Horn County rose about 12.9% between 2015 and 2024, from $616 to $696. Over the same span, rent in Montana rose about 52.0%.
Affordability
On average, housing unit costs 4.6 yearly household incomes in Big Horn County.
Buying the median-priced home in Big Horn County costs roughly 31.7 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Big Horn County. The price-to-rent ratio in Montana is about 19.2.
| Metric | Big Horn County | Montana Avg | US Average |
|---|---|---|---|
| Median Home Price | $264,324 | $249,140 | $248,835 |
| Median Household Income | $57,516 | $72,476 | $80,455 |
| Price-to-Income Ratio | 4.6 | 3.4 | 3.1 |
Home Prices vs Income Over Time
Between 2019 and 2024, the median home price in Big Horn County rose about 63.1%, while median household income rose about 57.7% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Big Horn County | Montana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 56.4% | 60.1% | 58.5% |
| Rental Rate | 28.1% | 26.8% | 31.2% |
| Vacancy Rate | 15.5% | 13.2% | 10.2% |
| Median Tenure (years) | 19.0 | 15.0 | 15.0 |
| Median Year Moved In | 2007 | 2011 | 2011 |
Big Horn County has a homeownership rate of 56.4%, lower than the Montana average of 60.1%. Its housing vacancy rate is 15.5%, compared with 13.2% in Montana.
Housing Stock
| Metric | Big Horn County | Montana Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.32 people | 2.37 people | 2.53 people |
| Median Structure Built Year | 1976 | 1981 | 1978 |
| Median Number of Rooms | 5.4 | 5.6 | 5.5 |
The typical housing unit in Big Horn County was built around 1976. On average, 3.3 people live in a home with about 5.4 rooms, staying for about 19.0 years on average.
Big Horn County, MT Housing Compared With Nearby Counties
How Big Horn County, MT compares with the 1 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Big Horn County, MT | 12,894 | $264,324 #1/2 | $696 #2/2 | 66.7% #2/2 |
| Yellowstone County, MT | 168,956 | $232,715 | $1,130 | 69.6% |
Frequently Asked Questions
Common questions about the housing market in Big Horn County, Montana.
What is the median home price in Big Horn County, Montana?
The median home price in Big Horn County, Montana is $264,324, higher than the Montana average of $249,140.
What is the average home price in Big Horn County, Montana?
The typical home price in Big Horn County, Montana, reported as the median sale price, is $264,324. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Big Horn County, Montana?
The median gross rent in Big Horn County, Montana is $696 per month, lower than the Montana average of $1,081.
What was the median gross rent in Big Horn County in 2020?
In 2020, the median gross rent in Big Horn County, Montana was $669 per month.
What is the price-to-rent ratio in Big Horn County, Montana?
The price-to-rent ratio in Big Horn County, Montana is about 31.7, meaning it would take roughly 31.7 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Big Horn County.
Are home prices or rent rising faster in Big Horn County, Montana?
Both home prices and rent are rising in Big Horn County, up about 11.1% and 0.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Big Horn County, Montana?
56.4% of households in Big Horn County, Montana own their home, lower than the Montana average of 60.1%.
What is the vacancy rate in Big Horn County, Montana?
The housing vacancy rate in Big Horn County, Montana is 15.5%, higher than the Montana average of 13.2%.
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