Powder River County, Montana Housing Market Prices
Powder River 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 10% below the Montana median$225,000
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Median rent 51% below the Montana median Among the top 3 cheapest counties in Montana$533
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Powder River County | Montana Avg | US Average |
|---|---|---|---|
| Median Home Price | $225,000 | $249,140 | $248,835 |
| Price Trend (Annual %) | 4.8% | 3.8% | 7.5% |
| Median Gross Rent | $533 | $1,081 | $1,407 |
| Rent Trend (Annual %) | -0.2% | 5.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Powder River County is about 10% lower than in Montana. Rent is about 51% lower than the Montana average.
Median Home and Rent Price Trends
Median Home Prices, 2019-2024
Median Rent Prices, 2015-2024
Home prices and rent are moving in opposite directions in Powder River County: home prices rose about 4.8% a year while rent fell about 0.2% a year. That is an unusual pattern worth watching.
Median rent in Powder River County fell about 3.6% between 2015 and 2024, from $552 to $533. Over the same span, rent in Montana rose about 52.0%.
Affordability
On average, housing unit costs 3.4 yearly household incomes in Powder River County.
Buying the median-priced home in Powder River County costs roughly 35.2 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 Powder River County. The price-to-rent ratio in Montana is about 19.2.
| Metric | Powder River County | Montana Avg | US Average |
|---|---|---|---|
| Median Home Price | $225,000 | $249,140 | $248,835 |
| Median Household Income | $65,480 | $72,476 | $80,455 |
| Price-to-Income Ratio | 3.4 | 3.4 | 3.1 |
Home Prices vs Income Over Time
Between 2019 and 2024, the median home price in Powder River County rose about 25.2%, while median household income rose about 54.2% 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 | Powder River County | Montana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 57.4% | 60.1% | 58.5% |
| Rental Rate | 15.4% | 26.8% | 31.2% |
| Vacancy Rate | 27.2% | 13.2% | 10.2% |
| Median Tenure (years) | 20.0 | 15.0 | 15.0 |
| Median Year Moved In | 2006 | 2011 | 2011 |
Powder River County has a homeownership rate of 57.4%, lower than the Montana average of 60.1%. Its housing vacancy rate is 27.2%, compared with 13.2% in Montana.
Housing Stock
| Metric | Powder River County | Montana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.48 people | 2.37 people | 2.53 people |
| Median Structure Built Year | 1978 | 1981 | 1978 |
| Median Number of Rooms | 5.8 | 5.6 | 5.5 |
The typical housing unit in Powder River County was built around 1978. On average, 2.5 people live in a home with about 5.8 rooms, staying for about 20.0 years on average.
Powder River County, MT Housing Compared With Nearby Counties
How Powder River County, MT compares with the 1 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Powder River County, MT | 1,815 | $225,000 #2/2 | $533 #2/2 | 78.8% #1/2 |
| Campbell County, WY | 47,252 | $226,546 | $1,009 | 77.7% |
Frequently Asked Questions
Common questions about the housing market in Powder River County, Montana.
What is the median home price in Powder River County, Montana?
The median home price in Powder River County, Montana is $225,000, lower than the Montana average of $249,140.
What is the average home price in Powder River County, Montana?
The typical home price in Powder River County, Montana, reported as the median sale price, is $225,000. 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 Powder River County, Montana?
The median gross rent in Powder River County, Montana is $533 per month, lower than the Montana average of $1,081.
What was the median gross rent in Powder River County in 2020?
In 2020, the median gross rent in Powder River County, Montana was $716 per month.
What is the price-to-rent ratio in Powder River County, Montana?
The price-to-rent ratio in Powder River County, Montana is about 35.2, meaning it would take roughly 35.2 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 Powder River County.
Are home prices or rent rising faster in Powder River County, Montana?
Home prices and rent are moving in opposite directions in Powder River County: home prices rose about 4.8% a year while rent fell about 0.2% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Powder River County, Montana?
57.4% of households in Powder River County, Montana own their home, lower than the Montana average of 60.1%.
What is the vacancy rate in Powder River County, Montana?
The housing vacancy rate in Powder River County, Montana is 27.2%, higher than the Montana average of 13.2%.
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