Carbon County, Montana Housing Market Prices
Carbon 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 75% above the Montana median More expensive than 89% of counties in Montana$436,315
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Median rent 22% below the Montana median$844
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Carbon County | Montana Avg | US Average |
|---|---|---|---|
| Median Home Price | $436,315 | $249,140 | $248,835 |
| Price Trend (Annual %) | 16.3% | 3.8% | 7.5% |
| Median Gross Rent | $844 | $1,081 | $1,407 |
| Rent Trend (Annual %) | 1.2% | 5.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Carbon County is about 75% higher than in Montana. Rent is about 22% 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 Carbon County, up about 16.3% and 1.2% a year respectively. Home prices are changing faster.
Median rent in Carbon County rose about 13.5% between 2015 and 2024, from $743 to $844. Over the same span, rent in Montana rose about 52.0%.
Affordability
On average, housing unit costs 5.5 yearly household incomes in Carbon County.
Buying the median-priced home in Carbon County costs roughly 43.1 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 Carbon County. The price-to-rent ratio in Montana is about 19.2.
| Metric | Carbon County | Montana Avg | US Average |
|---|---|---|---|
| Median Home Price | $436,315 | $249,140 | $248,835 |
| Median Household Income | $79,608 | $72,476 | $80,455 |
| Price-to-Income Ratio | 5.5 | 3.4 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Carbon County rose about 209.3%, while median household income rose about 38.5% 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 | Carbon County | Montana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 56.4% | 60.1% | 58.5% |
| Rental Rate | 15.9% | 26.8% | 31.2% |
| Vacancy Rate | 27.7% | 13.2% | 10.2% |
| Median Tenure (years) | 15.0 | 15.0 | 15.0 |
| Median Year Moved In | 2011 | 2011 | 2011 |
Carbon County has a homeownership rate of 56.4%, lower than the Montana average of 60.1%. Its housing vacancy rate is 27.7%, compared with 13.2% in Montana.
Housing Stock
| Metric | Carbon County | Montana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.36 people | 2.37 people | 2.53 people |
| Median Structure Built Year | 1977 | 1981 | 1978 |
| Median Number of Rooms | 5.5 | 5.6 | 5.5 |
The typical housing unit in Carbon County was built around 1977. On average, 2.4 people live in a home with about 5.5 rooms, staying for about 15.0 years on average.
Carbon County, MT Housing Compared With Nearby Counties
How Carbon County, MT compares with the 1 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Carbon County, MT | 11,116 | $436,315 #1/2 | $844 #2/2 | 78.0% #1/2 |
| Yellowstone County, MT | 168,956 | $232,715 | $1,130 | 69.6% |
Frequently Asked Questions
Common questions about the housing market in Carbon County, Montana.
What is the median home price in Carbon County, Montana?
The median home price in Carbon County, Montana is $436,315, higher than the Montana average of $249,140.
What is the average home price in Carbon County, Montana?
The typical home price in Carbon County, Montana, reported as the median sale price, is $436,315. 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 Carbon County, Montana?
The median gross rent in Carbon County, Montana is $844 per month, lower than the Montana average of $1,081.
What was the median gross rent in Carbon County in 2020?
In 2020, the median gross rent in Carbon County, Montana was $786 per month.
What is the price-to-rent ratio in Carbon County, Montana?
The price-to-rent ratio in Carbon County, Montana is about 43.1, meaning it would take roughly 43.1 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 Carbon County.
Are home prices or rent rising faster in Carbon County, Montana?
Both home prices and rent are rising in Carbon County, up about 16.3% and 1.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Carbon County, Montana?
56.4% of households in Carbon County, Montana own their home, lower than the Montana average of 60.1%.
What is the vacancy rate in Carbon County, Montana?
The housing vacancy rate in Carbon County, Montana is 27.7%, higher than the Montana average of 13.2%.
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