Butte-Silver Bow (balance), Montana Housing Market Prices
Butte-Silver Bow (balance) 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 34% below the Montana median$165,033
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Median rent 20% below the Montana median$863
Housing Market Overview
| Metric | Butte-Silver Bow (balance) | Montana Avg | US Average |
|---|---|---|---|
| Median Home Price | $165,033 | $249,140 | $248,835 |
| Price Trend (Annual %) | 6.2% | 3.8% | 7.5% |
| Median Gross Rent | $863 | $1,081 | $1,407 |
| Rent Trend (Annual %) | 5.0% | 5.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Butte-Silver Bow (balance) is about 34% lower than in Montana. Rent is about 20% lower than the Montana average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Butte-Silver Bow (balance), up about 6.2% and 5.0% a year respectively. Home prices are changing faster.
Median rent in Butte-Silver Bow (balance) rose about 43.4% between 2015 and 2024, from $601 to $863. Over the same span, rent in Montana rose about 52.0%.
Affordability
On average, housing unit costs 2.7 yearly household incomes in Butte-Silver Bow (balance).
Buying the median-priced home in Butte-Silver Bow (balance) costs roughly 15.9 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Butte-Silver Bow (balance). The price-to-rent ratio in Montana is about 19.2.
| Metric | Butte-Silver Bow (balance) | Montana Avg | US Average |
|---|---|---|---|
| Median Home Price | $165,033 | $249,140 | $248,835 |
| Median Household Income | $61,295 | $72,476 | $80,455 |
| Price-to-Income Ratio | 2.7 | 3.4 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Butte-Silver Bow (balance) rose about 24.8%, while median household income rose about 52.2% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Butte-Silver Bow (balance) | Montana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 62.4% | 60.1% | 58.5% |
| Rental Rate | 25.7% | 26.8% | 31.2% |
| Vacancy Rate | 11.9% | 13.2% | 10.2% |
| Median Tenure (years) | 14.0 | 15.0 | 15.0 |
| Median Year Moved In | 2012 | 2011 | 2011 |
Butte-Silver Bow (balance) has a homeownership rate of 62.4%, higher than the Montana average of 60.1%. Its housing vacancy rate is 11.9%, compared with 13.2% in Montana.
Housing Stock
| Metric | Butte-Silver Bow (balance) | Montana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.24 people | 2.37 people | 2.53 people |
| Median Structure Built Year | 1960 | 1981 | 1978 |
| Median Number of Rooms | 5.4 | 5.6 | 5.5 |
The typical housing unit in Butte-Silver Bow (balance) was built around 1960. On average, 2.2 people live in a home with about 5.4 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Butte-Silver Bow (balance), Montana.
What is the median home price in Butte-Silver Bow (balance), Montana?
The median home price in Butte-Silver Bow (balance), Montana is $165,033, lower than the Montana average of $249,140.
What is the average home price in Butte-Silver Bow (balance), Montana?
The typical home price in Butte-Silver Bow (balance), Montana, reported as the median sale price, is $165,033. 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 Butte-Silver Bow (balance), Montana?
The median gross rent in Butte-Silver Bow (balance), Montana is $863 per month, lower than the Montana average of $1,081.
What was the median gross rent in Butte-Silver Bow (balance) in 2020?
In 2020, the median gross rent in Butte-Silver Bow (balance), Montana was $680 per month.
What is the price-to-rent ratio in Butte-Silver Bow (balance), Montana?
The price-to-rent ratio in Butte-Silver Bow (balance), Montana is about 15.9, meaning it would take roughly 15.9 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Butte-Silver Bow (balance).
Are home prices or rent rising faster in Butte-Silver Bow (balance), Montana?
Both home prices and rent are rising in Butte-Silver Bow (balance), up about 6.2% and 5.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Butte-Silver Bow (balance), Montana?
62.4% of households in Butte-Silver Bow (balance), Montana own their home, higher than the Montana average of 60.1%.
What is the vacancy rate in Butte-Silver Bow (balance), Montana?
The housing vacancy rate in Butte-Silver Bow (balance), Montana is 11.9%, lower than the Montana average of 13.2%.
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