Fergus County, Montana Housing Market Prices
Fergus 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 35% below the Montana median$162,717
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Median rent 12% below the Montana median More expensive than 75% of counties in Montana$953
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Fergus County | Montana Avg | US Average |
|---|---|---|---|
| Median Home Price | $162,717 | $249,140 | $248,835 |
| Price Trend (Annual %) | 11.4% | 3.8% | 7.5% |
| Median Gross Rent | $953 | $1,081 | $1,407 |
| Rent Trend (Annual %) | 4.3% | 5.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Fergus County is about 35% lower than in Montana. Rent is about 12% 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 Fergus County, up about 11.4% and 4.3% a year respectively. Home prices are changing faster.
Median rent in Fergus County rose about 39.1% between 2015 and 2024, from $685 to $953. Over the same span, rent in Montana rose about 52.0%.
Affordability
On average, housing unit costs 2.5 yearly household incomes in Fergus County.
Buying the median-priced home in Fergus County costs roughly 14.2 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 Fergus County. The price-to-rent ratio in Montana is about 19.2.
| Metric | Fergus County | Montana Avg | US Average |
|---|---|---|---|
| Median Home Price | $162,717 | $249,140 | $248,835 |
| Median Household Income | $63,883 | $72,476 | $80,455 |
| Price-to-Income Ratio | 2.5 | 3.4 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Fergus County rose about 81.6%, while median household income rose about 59.7% 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 | Fergus County | Montana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 55.9% | 60.1% | 58.5% |
| Rental Rate | 32.3% | 26.8% | 31.2% |
| Vacancy Rate | 11.8% | 13.2% | 10.2% |
| Median Tenure (years) | 18.0 | 15.0 | 15.0 |
| Median Year Moved In | 2008 | 2011 | 2011 |
Fergus County has a homeownership rate of 55.9%, lower than the Montana average of 60.1%. Its housing vacancy rate is 11.8%, compared with 13.2% in Montana.
Housing Stock
| Metric | Fergus County | Montana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.12 people | 2.37 people | 2.53 people |
| Median Structure Built Year | 1967 | 1981 | 1978 |
| Median Number of Rooms | 5.7 | 5.6 | 5.5 |
The typical housing unit in Fergus County was built around 1967. On average, 2.1 people live in a home with about 5.7 rooms, staying for about 18.0 years on average.
Fergus County, MT Housing Compared With Nearby Counties
How Fergus County, MT compares with the 1 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Fergus County, MT | 11,687 | $162,717 #2/2 | $953 #2/2 | 63.4% #2/2 |
| Musselshell County, MT | 5,152 | $450,000 | $1,137 | 85.1% |
Frequently Asked Questions
Common questions about the housing market in Fergus County, Montana.
What is the median home price in Fergus County, Montana?
The median home price in Fergus County, Montana is $162,717, lower than the Montana average of $249,140.
What is the average home price in Fergus County, Montana?
The typical home price in Fergus County, Montana, reported as the median sale price, is $162,717. 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 Fergus County, Montana?
The median gross rent in Fergus County, Montana is $953 per month, lower than the Montana average of $1,081.
What was the median gross rent in Fergus County in 2020?
In 2020, the median gross rent in Fergus County, Montana was $719 per month.
What is the price-to-rent ratio in Fergus County, Montana?
The price-to-rent ratio in Fergus County, Montana is about 14.2, meaning it would take roughly 14.2 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 Fergus County.
Are home prices or rent rising faster in Fergus County, Montana?
Both home prices and rent are rising in Fergus County, up about 11.4% and 4.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Fergus County, Montana?
55.9% of households in Fergus County, Montana own their home, lower than the Montana average of 60.1%.
What is the vacancy rate in Fergus County, Montana?
The housing vacancy rate in Fergus County, Montana is 11.8%, lower than the Montana average of 13.2%.
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