Fallon County, Montana Housing Market Prices
Fallon 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 48% below the Montana median Cheaper than 76% of counties in Montana$128,334
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Median rent 28% below the Montana median$778
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Fallon County | Montana Avg | US Average |
|---|---|---|---|
| Median Home Price | $128,334 | $249,140 | $248,835 |
| Price Trend (Annual %) | 5.5% | 3.8% | 7.5% |
| Median Gross Rent | $778 | $1,081 | $1,407 |
| Rent Trend (Annual %) | 2.4% | 5.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Fallon County is about 48% lower than in Montana. Rent is about 28% lower than the Montana average.
Median Home and Rent Price Trends
Median Home Prices, 2018-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Fallon County, up about 5.5% and 2.4% a year respectively. Home prices are changing faster.
Median rent in Fallon County rose about 31.7% between 2015 and 2024, from $591 to $778. Over the same span, rent in Montana rose about 52.0%.
Affordability
On average, housing unit costs 1.7 yearly household incomes in Fallon County.
Buying the median-priced home in Fallon County costs roughly 13.7 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Fallon County. The price-to-rent ratio in Montana is about 19.2.
| Metric | Fallon County | Montana Avg | US Average |
|---|---|---|---|
| Median Home Price | $128,334 | $249,140 | $248,835 |
| Median Household Income | $75,839 | $72,476 | $80,455 |
| Price-to-Income Ratio | 1.7 | 3.4 | 3.1 |
Home Prices vs Income Over Time
Between 2018 and 2024, the median home price in Fallon County rose about 31.6%, while median household income rose about 40.3% 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 | Fallon County | Montana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 55.2% | 60.1% | 58.5% |
| Rental Rate | 24.3% | 26.8% | 31.2% |
| Vacancy Rate | 20.6% | 13.2% | 10.2% |
| Median Tenure (years) | 19.0 | 15.0 | 15.0 |
| Median Year Moved In | 2007 | 2011 | 2011 |
Fallon County has a homeownership rate of 55.2%, lower than the Montana average of 60.1%. Its housing vacancy rate is 20.6%, compared with 13.2% in Montana.
Housing Stock
| Metric | Fallon County | Montana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.28 people | 2.37 people | 2.53 people |
| Median Structure Built Year | 1979 | 1981 | 1978 |
| Median Number of Rooms | 6.3 | 5.6 | 5.5 |
The typical housing unit in Fallon County was built around 1979. On average, 2.3 people live in a home with about 6.3 rooms, staying for about 19.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Fallon County, Montana.
What is the median home price in Fallon County, Montana?
The median home price in Fallon County, Montana is $128,334, lower than the Montana average of $249,140.
What is the average home price in Fallon County, Montana?
The typical home price in Fallon County, Montana, reported as the median sale price, is $128,334. 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 Fallon County, Montana?
The median gross rent in Fallon County, Montana is $778 per month, lower than the Montana average of $1,081.
What was the median gross rent in Fallon County in 2020?
In 2020, the median gross rent in Fallon County, Montana was $766 per month.
What is the price-to-rent ratio in Fallon County, Montana?
The price-to-rent ratio in Fallon County, Montana is about 13.7, meaning it would take roughly 13.7 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Fallon County.
Are home prices or rent rising faster in Fallon County, Montana?
Both home prices and rent are rising in Fallon County, up about 5.5% and 2.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Fallon County, Montana?
55.2% of households in Fallon County, Montana own their home, lower than the Montana average of 60.1%.
What is the vacancy rate in Fallon County, Montana?
The housing vacancy rate in Fallon County, Montana is 20.6%, higher than the Montana average of 13.2%.
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