Lincoln County, Montana Housing Market Prices
Lincoln 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 46% above the Montana median More expensive than 80% of counties in Montana$362,903
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Median rent 30% below the Montana median$762
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Lincoln County | Montana Avg | US Average |
|---|---|---|---|
| Median Home Price | $362,903 | $249,140 | $248,835 |
| Price Trend (Annual %) | 13.2% | 3.8% | 7.5% |
| Median Gross Rent | $762 | $1,081 | $1,407 |
| Rent Trend (Annual %) | 2.0% | 5.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Lincoln County is about 46% higher than in Montana. Rent is about 30% 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 Lincoln County, up about 13.2% and 2.0% a year respectively. Home prices are changing faster.
Median rent in Lincoln County rose about 26.6% between 2015 and 2024, from $602 to $762. Over the same span, rent in Montana rose about 52.0%.
Affordability
On average, housing unit costs 7.6 yearly household incomes in Lincoln County.
Buying the median-priced home in Lincoln County costs roughly 39.7 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 Lincoln County. The price-to-rent ratio in Montana is about 19.2.
| Metric | Lincoln County | Montana Avg | US Average |
|---|---|---|---|
| Median Home Price | $362,903 | $249,140 | $248,835 |
| Median Household Income | $47,976 | $72,476 | $80,455 |
| Price-to-Income Ratio | 7.6 | 3.4 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Lincoln County rose about 54.7%, while median household income rose about 40.4% 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 | Lincoln County | Montana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 64.1% | 60.1% | 58.5% |
| Rental Rate | 18.5% | 26.8% | 31.2% |
| Vacancy Rate | 17.5% | 13.2% | 10.2% |
| Median Tenure (years) | 16.0 | 15.0 | 15.0 |
| Median Year Moved In | 2010 | 2011 | 2011 |
Lincoln County has a homeownership rate of 64.1%, higher than the Montana average of 60.1%. Its housing vacancy rate is 17.5%, compared with 13.2% in Montana.
Housing Stock
| Metric | Lincoln County | Montana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.30 people | 2.37 people | 2.53 people |
| Median Structure Built Year | 1980 | 1981 | 1978 |
| Median Number of Rooms | 5.3 | 5.6 | 5.5 |
The typical housing unit in Lincoln County was built around 1980. On average, 2.3 people live in a home with about 5.3 rooms, staying for about 16.0 years on average.
Lincoln County, MT Housing Compared With Nearby Counties
Lincoln County, MT is the 3rd largest of the 4 counties compared here, 21,175 residents against a local median of 51,033. Lincoln County, MT's median rent, at $762, runs 32% below the $1,122 typical of the counties around it.
Median home price tells the same story from another angle: $362,903 against a local median of $442,215, 18% below it. The counties themselves spread $321 on median rent, so Lincoln County, MT sits at one end of an already wide local range rather than apart from it. Lincoln County, MT has the 4th highest median rent of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Lincoln County, MT | 21,175 | $362,903 #3/4 | $762 #4/4 | 77.6% #3/4 |
| Sanders County, MT | 13,282 | $229,555 | $820 | 81.3% |
| Bonner County, ID | 51,033 | $879,683 | $1,122 | 78.3% |
| Flathead County, MT | 110,697 | $442,215 | $1,141 | 72.4% |
Frequently Asked Questions
Common questions about the housing market in Lincoln County, Montana.
What is the median home price in Lincoln County, Montana?
The median home price in Lincoln County, Montana is $362,903, higher than the Montana average of $249,140.
What is the average home price in Lincoln County, Montana?
The typical home price in Lincoln County, Montana, reported as the median sale price, is $362,903. 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 Lincoln County, Montana?
The median gross rent in Lincoln County, Montana is $762 per month, lower than the Montana average of $1,081.
What was the median gross rent in Lincoln County in 2020?
In 2020, the median gross rent in Lincoln County, Montana was $728 per month.
What is the price-to-rent ratio in Lincoln County, Montana?
The price-to-rent ratio in Lincoln County, Montana is about 39.7, meaning it would take roughly 39.7 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 Lincoln County.
Are home prices or rent rising faster in Lincoln County, Montana?
Both home prices and rent are rising in Lincoln County, up about 13.2% and 2.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Lincoln County, Montana?
64.1% of households in Lincoln County, Montana own their home, higher than the Montana average of 60.1%.
What is the vacancy rate in Lincoln County, Montana?
The housing vacancy rate in Lincoln County, Montana is 17.5%, higher than the Montana average of 13.2%.
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