Cascade County, Montana Housing Market Prices
Cascade 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 4% below the Montana median$239,166
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Median rent 13% below the Montana median More expensive than 73% of counties in Montana$939
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Cascade County | Montana Avg | US Average |
|---|---|---|---|
| Median Home Price | $239,166 | $249,140 | $248,835 |
| Price Trend (Annual %) | 7.3% | 3.8% | 7.5% |
| Median Gross Rent | $939 | $1,081 | $1,407 |
| Rent Trend (Annual %) | 4.3% | 5.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Cascade County is about 4% lower than in Montana. Rent is about 13% 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 Cascade County, up about 7.3% and 4.3% a year respectively. Home prices are changing faster.
Median rent in Cascade County rose about 47.1% between 2015 and 2024, from $638 to $939. Over the same span, rent in Montana rose about 52.0%.
Affordability
On average, housing unit costs 3.6 yearly household incomes in Cascade County.
Buying the median-priced home in Cascade County costs roughly 21.2 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 Cascade County. The price-to-rent ratio in Montana is about 19.2.
| Metric | Cascade County | Montana Avg | US Average |
|---|---|---|---|
| Median Home Price | $239,166 | $249,140 | $248,835 |
| Median Household Income | $67,044 | $72,476 | $80,455 |
| Price-to-Income Ratio | 3.6 | 3.4 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Cascade County rose about 68.7%, while median household income rose about 49.0% 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 | Cascade County | Montana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 61.8% | 60.1% | 58.5% |
| Rental Rate | 28.4% | 26.8% | 31.2% |
| Vacancy Rate | 9.8% | 13.2% | 10.2% |
| Median Tenure (years) | 15.0 | 15.0 | 15.0 |
| Median Year Moved In | 2011 | 2011 | 2011 |
Cascade County has a homeownership rate of 61.8%, higher than the Montana average of 60.1%. Its housing vacancy rate is 9.8%, compared with 13.2% in Montana.
Housing Stock
| Metric | Cascade County | Montana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.30 people | 2.37 people | 2.53 people |
| Median Structure Built Year | 1969 | 1981 | 1978 |
| Median Number of Rooms | 5.9 | 5.6 | 5.5 |
The typical housing unit in Cascade County was built around 1969. On average, 2.3 people live in a home with about 5.9 rooms, staying for about 15.0 years on average.
Cascade County, MT Housing Compared With Nearby Counties
How Cascade County, MT compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Cascade County, MT | 84,603 | $239,166 #2/3 | $939 #2/3 | 68.5% #2/3 |
| Lewis and Clark County, MT | 73,430 | $310,934 | $1,101 | 70.1% |
| Chouteau County, MT | 5,905 | $120,587 | $535 | 68.2% |
Frequently Asked Questions
Common questions about the housing market in Cascade County, Montana.
What is the median home price in Cascade County, Montana?
The median home price in Cascade County, Montana is $239,166, lower than the Montana average of $249,140.
What is the average home price in Cascade County, Montana?
The typical home price in Cascade County, Montana, reported as the median sale price, is $239,166. 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 Cascade County, Montana?
The median gross rent in Cascade County, Montana is $939 per month, lower than the Montana average of $1,081.
What was the median gross rent in Cascade County in 2020?
In 2020, the median gross rent in Cascade County, Montana was $778 per month.
What is the price-to-rent ratio in Cascade County, Montana?
The price-to-rent ratio in Cascade County, Montana is about 21.2, meaning it would take roughly 21.2 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 Cascade County.
Are home prices or rent rising faster in Cascade County, Montana?
Both home prices and rent are rising in Cascade County, up about 7.3% and 4.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Cascade County, Montana?
61.8% of households in Cascade County, Montana own their home, higher than the Montana average of 60.1%.
What is the vacancy rate in Cascade County, Montana?
The housing vacancy rate in Cascade County, Montana is 9.8%, lower than the Montana average of 13.2%.
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