McCone County, Montana Housing Market Prices
McCone 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 39% below the Montana median Cheaper than 74% of counties in Montana$151,562
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Median rent 49% below the Montana median Cheaper than 91% of counties in Montana$556
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | McCone County | Montana Avg | US Average |
|---|---|---|---|
| Median Home Price | $151,562 | $249,140 | $248,835 |
| Price Trend (Annual %) | 21.2% | 3.8% | 7.5% |
| Median Gross Rent | $556 | $1,081 | $1,407 |
| Rent Trend (Annual %) | 0.1% | 5.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in McCone County is about 39% lower than in Montana. Rent is about 49% lower than the Montana average.
Median Home and Rent Price Trends
Median Home Prices, 2022-2023
Median Rent Prices, 2015-2024
Both home prices and rent are rising in McCone County, up about 21.2% and 0.1% a year respectively. Home prices are changing faster.
Median rent in McCone County rose about 1.3% between 2015 and 2024, from $549 to $556. Over the same span, rent in Montana rose about 52.0%.
Affordability
On average, housing unit costs 2.3 yearly household incomes in McCone County.
Buying the median-priced home in McCone County costs roughly 22.7 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 McCone County. The price-to-rent ratio in Montana is about 19.2.
| Metric | McCone County | Montana Avg | US Average |
|---|---|---|---|
| Median Home Price | $151,562 | $249,140 | $248,835 |
| Median Household Income | $65,753 | $72,476 | $80,455 |
| Price-to-Income Ratio | 2.3 | 3.4 | 3.1 |
Home Prices vs Income Over Time
Between 2022 and 2023, the median home price in McCone County rose about 21.2%, while median household income rose about 57.7% 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 | McCone County | Montana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 66.3% | 60.1% | 58.5% |
| Rental Rate | 7.5% | 26.8% | 31.2% |
| Vacancy Rate | 26.2% | 13.2% | 10.2% |
| Median Tenure (years) | 16.0 | 15.0 | 15.0 |
| Median Year Moved In | 2010 | 2011 | 2011 |
McCone County has a homeownership rate of 66.3%, higher than the Montana average of 60.1%. Its housing vacancy rate is 26.2%, compared with 13.2% in Montana.
Housing Stock
| Metric | McCone County | Montana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.04 people | 2.37 people | 2.53 people |
| Median Structure Built Year | 1967 | 1981 | 1978 |
| Median Number of Rooms | 6.6 | 5.6 | 5.5 |
The typical housing unit in McCone County was built around 1967. On average, 2.0 people live in a home with about 6.6 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in McCone County, Montana.
What is the median home price in McCone County, Montana?
The median home price in McCone County, Montana is $151,562, lower than the Montana average of $249,140.
What is the average home price in McCone County, Montana?
The typical home price in McCone County, Montana, reported as the median sale price, is $151,562. 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 McCone County, Montana?
The median gross rent in McCone County, Montana is $556 per month, lower than the Montana average of $1,081.
What was the median gross rent in McCone County in 2020?
In 2020, the median gross rent in McCone County, Montana was $519 per month.
What is the price-to-rent ratio in McCone County, Montana?
The price-to-rent ratio in McCone County, Montana is about 22.7, meaning it would take roughly 22.7 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 McCone County.
Are home prices or rent rising faster in McCone County, Montana?
Both home prices and rent are rising in McCone County, up about 21.2% and 0.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in McCone County, Montana?
66.3% of households in McCone County, Montana own their home, higher than the Montana average of 60.1%.
What is the vacancy rate in McCone County, Montana?
The housing vacancy rate in McCone County, Montana is 26.2%, higher than the Montana average of 13.2%.
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