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 | Glacier County | Montana Avg | US Average |
|---|---|---|---|
| Median Home Price | $332,076 | $242,768 | $242,182 |
| Price Trend (Annual %) | 39.8% | 4.0% | 8.2% |
| Median Gross Rent | $553 | $1,031 | $1,342 |
| Rent Trend (Annual %) | 1.6% | 5.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Glacier County is about 37% higher than in Montana. Rent is about 46% lower than the Montana average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Glacier County, up about 39.8% and 1.6% a year respectively. Home prices are changing faster.
Median rent in Glacier County rose about 10.2% between 2015 and 2023, from $502 to $553. Over the same span, rent in Montana rose about 45.0%.
Affordability
On average, housing unit costs 7.4 yearly household incomes in Glacier County.
Buying the median-priced home in Glacier County costs roughly 50.1 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 Glacier County. The price-to-rent ratio in Montana is about 19.6.
| Metric | Glacier County | Montana Avg | US Average |
|---|---|---|---|
| Median Home Price | $332,076 | $242,768 | $242,182 |
| Median Household Income | $45,147 | $69,624 | $78,145 |
| Price-to-Income Ratio | 7.4 | 3.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Glacier County rose about 603.2%, while median household income rose about 10.6% between 2009 and 2023 — 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 | Glacier County | Montana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 50.7% | 60.1% | 58.2% |
| Rental Rate | 27.4% | 26.5% | 31.3% |
| Vacancy Rate | 21.9% | 13.4% | 10.6% |
| Median Tenure (years) | 17.0 | 15.0 | 15.0 |
| Median Year Moved In | 2009 | 2011 | 2011 |
Glacier County has a homeownership rate of 50.7%, lower than the Montana average of 60.1%. Its housing vacancy rate is 21.9%, compared with 13.4% in Montana.
Housing Stock
| Metric | Glacier County | Montana Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.14 people | 2.38 people | 2.54 people |
| Median Structure Built Year | 1973 | 1980 | 1978 |
| Median Number of Rooms | 4.9 | 5.6 | 5.5 |
The typical housing unit in Glacier County was built around 1973. On average, 3.1 people live in a home with about 4.9 rooms, staying for about 17.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Glacier County, Montana.
What is the median home price in Glacier County, Montana?
The median home price in Glacier County, Montana is $332,076, higher than the Montana average of $242,768.
What is the average home price in Glacier 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 Glacier County, Montana?
The median gross rent in Glacier County, Montana is $553 per month, lower than the Montana average of $1,031.
What was the median gross rent in Glacier County in 2020?
In 2020, the median gross rent in Glacier County, Montana was $481 per month.
What is the price-to-rent ratio in Glacier County, Montana?
The price-to-rent ratio in Glacier County, Montana is about 50.1, meaning it would take roughly 50.1 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 Glacier County.
Are home prices or rent rising faster in Glacier County, Montana?
Both home prices and rent are rising in Glacier County, up about 39.8% and 1.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Glacier County, Montana?
50.7% of households in Glacier County, Montana own their home, lower than the Montana average of 60.1%.
What is the vacancy rate in Glacier County, Montana?
The housing vacancy rate in Glacier County, Montana is 21.9%, higher than the Montana average of 13.4%.