Mineral County, Montana Housing Market Prices
Mineral 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 83% above the Montana median Among the 5 most expensive counties in Montana$456,896
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Median rent 26% below the Montana median$801
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Mineral County | Montana Avg | US Average |
|---|---|---|---|
| Median Home Price | $456,896 | $249,140 | $248,835 |
| Price Trend (Annual %) | 22.5% | 3.8% | 7.5% |
| Median Gross Rent | $801 | $1,081 | $1,407 |
| Rent Trend (Annual %) | 5.4% | 5.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Mineral County is about 83% higher than in Montana. Rent is about 26% 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 Mineral County, up about 22.5% and 5.4% a year respectively. Home prices are changing faster.
Median rent in Mineral County rose about 49.9% between 2015 and 2024, from $535 to $801. Over the same span, rent in Montana rose about 52.0%.
Affordability
On average, housing unit costs 6.9 yearly household incomes in Mineral County.
Buying the median-priced home in Mineral County costs roughly 47.5 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 Mineral County. The price-to-rent ratio in Montana is about 19.2.
| Metric | Mineral County | Montana Avg | US Average |
|---|---|---|---|
| Median Home Price | $456,896 | $249,140 | $248,835 |
| Median Household Income | $65,850 | $72,476 | $80,455 |
| Price-to-Income Ratio | 6.9 | 3.4 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Mineral County rose about 128.5%, while median household income rose about 56.6% 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 | Mineral County | Montana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 67.8% | 60.1% | 58.5% |
| Rental Rate | 15.8% | 26.8% | 31.2% |
| Vacancy Rate | 16.4% | 13.2% | 10.2% |
| Median Tenure (years) | 16.0 | 15.0 | 15.0 |
| Median Year Moved In | 2010 | 2011 | 2011 |
Mineral County has a homeownership rate of 67.8%, higher than the Montana average of 60.1%. Its housing vacancy rate is 16.4%, compared with 13.2% in Montana.
Housing Stock
| Metric | Mineral County | Montana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.29 people | 2.37 people | 2.53 people |
| Median Structure Built Year | 1986 | 1981 | 1978 |
| Median Number of Rooms | 5.4 | 5.6 | 5.5 |
The typical housing unit in Mineral County was built around 1986. On average, 2.3 people live in a home with about 5.4 rooms, staying for about 16.0 years on average.
Mineral County, MT Housing Compared With Nearby Counties
Mineral County, MT is the smallest of the 4 counties compared here, 4,955 residents against a local median of 32,553. There is no headline here. Every measure below sits within 15% of the median across the nearest counties, which makes Mineral County, MT an unremarkable member of its own neighbourhood rather than an outlier in it.
The largest of those small differences is median home price, 14% above the local median at $456,896 against $402,194. Mineral County, MT has the 2nd highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Mineral County, MT | 4,955 | $456,896 #2/4 | $801 #4/4 | 81.1% #2/4 |
| Sanders County, MT | 13,282 | $229,555 | $820 | 81.3% |
| Lake County, MT | 32,553 | $402,194 | $901 | 75.0% |
| Missoula County, MT | 120,671 | $463,380 | $1,189 | 58.8% |
Frequently Asked Questions
Common questions about the housing market in Mineral County, Montana.
What is the median home price in Mineral County, Montana?
The median home price in Mineral County, Montana is $456,896, higher than the Montana average of $249,140.
What is the average home price in Mineral County, Montana?
The typical home price in Mineral County, Montana, reported as the median sale price, is $456,896. 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 Mineral County, Montana?
The median gross rent in Mineral County, Montana is $801 per month, lower than the Montana average of $1,081.
What was the median gross rent in Mineral County in 2020?
In 2020, the median gross rent in Mineral County, Montana was $606 per month.
What is the price-to-rent ratio in Mineral County, Montana?
The price-to-rent ratio in Mineral County, Montana is about 47.5, meaning it would take roughly 47.5 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 Mineral County.
Are home prices or rent rising faster in Mineral County, Montana?
Both home prices and rent are rising in Mineral County, up about 22.5% and 5.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Mineral County, Montana?
67.8% of households in Mineral County, Montana own their home, higher than the Montana average of 60.1%.
What is the vacancy rate in Mineral County, Montana?
The housing vacancy rate in Mineral County, Montana is 16.4%, higher than the Montana average of 13.2%.
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