Park County, Montana Housing Market Prices
Park 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 56% above the Montana median More expensive than 81% of counties in Montana$389,473
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Median rent 10% below the Montana median More expensive than 82% of counties in Montana$975
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Park County | Montana Avg | US Average |
|---|---|---|---|
| Median Home Price | $389,473 | $249,140 | $248,835 |
| Price Trend (Annual %) | -2.9% | 3.8% | 7.5% |
| Median Gross Rent | $975 | $1,081 | $1,407 |
| Rent Trend (Annual %) | 4.2% | 5.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Park County is about 56% higher than in Montana. Rent is about 10% lower than the Montana average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Home prices and rent are moving in opposite directions in Park County: home prices fell about 2.9% a year while rent rose about 4.2% a year. That is an unusual pattern worth watching.
Median rent in Park County rose about 46.6% between 2015 and 2024, from $665 to $975. Over the same span, rent in Montana rose about 52.0%.
Affordability
On average, housing unit costs 5.5 yearly household incomes in Park County.
Buying the median-priced home in Park County costs roughly 33.3 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 Park County. The price-to-rent ratio in Montana is about 19.2.
| Metric | Park County | Montana Avg | US Average |
|---|---|---|---|
| Median Home Price | $389,473 | $249,140 | $248,835 |
| Median Household Income | $70,385 | $72,476 | $80,455 |
| Price-to-Income Ratio | 5.5 | 3.4 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Park County rose about 14.2%, while median household income rose about 62.5% 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 | Park County | Montana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 60.3% | 60.1% | 58.5% |
| Rental Rate | 26.5% | 26.8% | 31.2% |
| Vacancy Rate | 13.2% | 13.2% | 10.2% |
| Median Tenure (years) | 15.0 | 15.0 | 15.0 |
| Median Year Moved In | 2011 | 2011 | 2011 |
Park County has a homeownership rate of 60.3%, about the same as the Montana average of 60.1%. Its housing vacancy rate is 13.2%, compared with 13.2% in Montana.
Housing Stock
| Metric | Park County | Montana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.08 people | 2.37 people | 2.53 people |
| Median Structure Built Year | 1974 | 1981 | 1978 |
| Median Number of Rooms | 5.5 | 5.6 | 5.5 |
The typical housing unit in Park County was built around 1974. On average, 2.1 people live in a home with about 5.5 rooms, staying for about 15.0 years on average.
Park County, MT Housing Compared With Nearby Counties
How Park County, MT compares with the 1 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Park County, MT | 17,710 | $389,473 #2/2 | $975 #2/2 | 69.4% #1/2 |
| Gallatin County, MT | 124,072 | $980,852 | $1,694 | 61.1% |
Frequently Asked Questions
Common questions about the housing market in Park County, Montana.
What is the median home price in Park County, Montana?
The median home price in Park County, Montana is $389,473, higher than the Montana average of $249,140.
What is the average home price in Park County, Montana?
The typical home price in Park County, Montana, reported as the median sale price, is $389,473. 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 Park County, Montana?
The median gross rent in Park County, Montana is $975 per month, lower than the Montana average of $1,081.
What was the median gross rent in Park County in 2020?
In 2020, the median gross rent in Park County, Montana was $814 per month.
What is the price-to-rent ratio in Park County, Montana?
The price-to-rent ratio in Park County, Montana is about 33.3, meaning it would take roughly 33.3 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 Park County.
Are home prices or rent rising faster in Park County, Montana?
Home prices and rent are moving in opposite directions in Park County: home prices fell about 2.9% a year while rent rose about 4.2% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Park County, Montana?
60.3% of households in Park County, Montana own their home, about the same as the Montana average.
What is the vacancy rate in Park County, Montana?
The housing vacancy rate in Park County, Montana is 13.2%, about the same as the Montana average.
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