Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Daniels County | Montana Avg | US Average |
|---|---|---|---|
| Median Home Price | $154,166 | $242,768 | $242,182 |
| Price Trend (Annual %) | 23.4% | 4.0% | 8.2% |
| Median Gross Rent | $587 | $1,031 | $1,342 |
| Rent Trend (Annual %) | -3.1% | 5.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Daniels County is about 36% lower than in Montana. Rent is about 43% lower than the Montana average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Home prices and rent are moving in opposite directions in Daniels County: home prices rose about 23.4% a year while rent fell about 3.1% a year. That is an unusual pattern worth watching.
Median rent in Daniels County fell about 8.2% between 2015 and 2023, from $639 to $587. Over the same span, rent in Montana rose about 45.0%.
Affordability
On average, housing unit costs 2.6 yearly household incomes in Daniels County.
Buying the median-priced home in Daniels County costs roughly 21.9 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 Daniels County. The price-to-rent ratio in Montana is about 19.6.
| Metric | Daniels County | Montana Avg | US Average |
|---|---|---|---|
| Median Home Price | $154,166 | $242,768 | $242,182 |
| Median Household Income | $58,620 | $69,624 | $78,145 |
| Price-to-Income Ratio | 2.6 | 3.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Daniels County fell about 1.9%, while median household income rose about 69.7% between 2009 and 2023 — 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 | Daniels County | Montana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 51.0% | 60.1% | 58.2% |
| Rental Rate | 12.4% | 26.5% | 31.3% |
| Vacancy Rate | 36.6% | 13.4% | 10.6% |
| Median Tenure (years) | 16.0 | 15.0 | 15.0 |
| Median Year Moved In | 2010 | 2011 | 2011 |
Daniels County has a homeownership rate of 51.0%, lower than the Montana average of 60.1%. Its housing vacancy rate is 36.6%, compared with 13.4% in Montana.
Housing Stock
| Metric | Daniels County | Montana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.09 people | 2.38 people | 2.54 people |
| Median Structure Built Year | 1956 | 1980 | 1978 |
| Median Number of Rooms | 6.1 | 5.6 | 5.5 |
The typical housing unit in Daniels County was built around 1956. On average, 2.1 people live in a home with about 6.1 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Daniels County, Montana.
What is the median home price in Daniels County, Montana?
The median home price in Daniels County, Montana is $154,167, lower than the Montana average of $242,768.
What is the average home price in Daniels County, Montana?
The typical home price in %s, reported as the median sale price, is %s. 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 Daniels County, Montana?
The median gross rent in Daniels County, Montana is $587 per month, lower than the Montana average of $1,031.
What was the median gross rent in Daniels County in 2020?
In 2020, the median gross rent in Daniels County, Montana was $509 per month.
What is the price-to-rent ratio in Daniels County, Montana?
The price-to-rent ratio in Daniels County, Montana is about 21.9, meaning it would take roughly 21.9 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 Daniels County.
Are home prices or rent rising faster in Daniels County, Montana?
Home prices and rent are moving in opposite directions in Daniels County: home prices rose about 23.4% a year while rent fell about 3.1% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Daniels County, Montana?
51.0% of households in Daniels County, Montana own their home, lower than the Montana average of 60.1%.
What is the vacancy rate in Daniels County, Montana?
The housing vacancy rate in Daniels County, Montana is 36.6%, higher than the Montana average of 13.4%.