Granite County, Montana Housing Market Prices
Granite 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 67% above the Montana median More expensive than 87% of counties in Montana$416,666
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Median rent 38% below the Montana median Cheaper than 82% of counties in Montana$674
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Granite County | Montana Avg | US Average |
|---|---|---|---|
| Median Home Price | $416,666 | $249,140 | $248,835 |
| Price Trend (Annual %) | 22.2% | 3.8% | 7.5% |
| Median Gross Rent | $674 | $1,081 | $1,407 |
| Rent Trend (Annual %) | 3.6% | 5.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Granite County is about 67% higher than in Montana. Rent is about 38% 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 Granite County, up about 22.2% and 3.6% a year respectively. Home prices are changing faster.
Median rent in Granite County rose about 25.4% between 2015 and 2024, from $538 to $675. Over the same span, rent in Montana rose about 52.0%.
Affordability
On average, housing unit costs 7.0 yearly household incomes in Granite County.
Buying the median-priced home in Granite County costs roughly 51.5 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 Granite County. The price-to-rent ratio in Montana is about 19.2.
| Metric | Granite County | Montana Avg | US Average |
|---|---|---|---|
| Median Home Price | $416,666 | $249,140 | $248,835 |
| Median Household Income | $59,374 | $72,476 | $80,455 |
| Price-to-Income Ratio | 7.0 | 3.4 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Granite County rose about 213.3%, while median household income rose about 57.2% 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 | Granite County | Montana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 45.3% | 60.1% | 58.5% |
| Rental Rate | 12.9% | 26.8% | 31.2% |
| Vacancy Rate | 41.8% | 13.2% | 10.2% |
| Median Tenure (years) | 16.0 | 15.0 | 15.0 |
| Median Year Moved In | 2010 | 2011 | 2011 |
Granite County has a homeownership rate of 45.3%, lower than the Montana average of 60.1%. Its housing vacancy rate is 41.8%, compared with 13.2% in Montana.
Housing Stock
| Metric | Granite County | Montana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.21 people | 2.37 people | 2.53 people |
| Median Structure Built Year | 1983 | 1981 | 1978 |
| Median Number of Rooms | 5.1 | 5.6 | 5.5 |
The typical housing unit in Granite County was built around 1983. On average, 2.2 people live in a home with about 5.1 rooms, staying for about 16.0 years on average.
Granite County, MT Housing Compared With Nearby Counties
Granite County, MT is the smallest of the 4 counties compared here, 3,462 residents against a local median of 46,722. Granite County, MT's median rent, at $675, runs 36% below the $1,053 typical of the counties around it.
The counties themselves spread $326 on median rent, so Granite County, MT sits at one end of an already wide local range rather than apart from it. Granite County, MT has the 4th highest median rent of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Granite County, MT | 3,462 | $416,667 #3/4 | $675 #4/4 | 77.9% #2/4 |
| Ravalli County, MT | 46,722 | $1,571,428 | $1,053 | 79.4% |
| Missoula County, MT | 120,671 | $463,380 | $1,189 | 58.8% |
| Silver Bow County, MT | 35,793 | $165,062 | $863 | 70.8% |
Frequently Asked Questions
Common questions about the housing market in Granite County, Montana.
What is the median home price in Granite County, Montana?
The median home price in Granite County, Montana is $416,667, higher than the Montana average of $249,140.
What is the average home price in Granite County, Montana?
The typical home price in Granite County, Montana, reported as the median sale price, is $416,667. 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 Granite County, Montana?
The median gross rent in Granite County, Montana is $675 per month, lower than the Montana average of $1,081.
What was the median gross rent in Granite County in 2020?
In 2020, the median gross rent in Granite County, Montana was $563 per month.
What is the price-to-rent ratio in Granite County, Montana?
The price-to-rent ratio in Granite County, Montana is about 51.5, meaning it would take roughly 51.5 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 Granite County.
Are home prices or rent rising faster in Granite County, Montana?
Both home prices and rent are rising in Granite County, up about 22.2% and 3.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Granite County, Montana?
45.3% of households in Granite County, Montana own their home, lower than the Montana average of 60.1%.
What is the vacancy rate in Granite County, Montana?
The housing vacancy rate in Granite County, Montana is 41.8%, higher than the Montana average of 13.2%.
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