Powell County, Montana Housing Market Prices
Powell 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 5% below the Montana median$235,714
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Median rent 24% below the Montana median$820
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Powell County | Montana Avg | US Average |
|---|---|---|---|
| Median Home Price | $235,714 | $249,140 | $248,835 |
| Price Trend (Annual %) | 55.2% | 3.8% | 7.5% |
| Median Gross Rent | $820 | $1,081 | $1,407 |
| Rent Trend (Annual %) | 5.2% | 5.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Powell County is about 5% lower than in Montana. Rent is about 24% 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 Powell County, up about 55.2% and 5.2% a year respectively. Home prices are changing faster.
Median rent in Powell County rose about 56.3% between 2015 and 2024, from $525 to $820. Over the same span, rent in Montana rose about 52.0%.
Affordability
On average, housing unit costs 3.6 yearly household incomes in Powell County.
Buying the median-priced home in Powell County costs roughly 23.9 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 Powell County. The price-to-rent ratio in Montana is about 19.2.
| Metric | Powell County | Montana Avg | US Average |
|---|---|---|---|
| Median Home Price | $235,714 | $249,140 | $248,835 |
| Median Household Income | $66,363 | $72,476 | $80,455 |
| Price-to-Income Ratio | 3.6 | 3.4 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Powell County rose about 169.6%, while median household income rose about 48.0% 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 | Powell County | Montana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 58.7% | 60.1% | 58.5% |
| Rental Rate | 22.2% | 26.8% | 31.2% |
| Vacancy Rate | 19.1% | 13.2% | 10.2% |
| Median Tenure (years) | 17.0 | 15.0 | 15.0 |
| Median Year Moved In | 2009 | 2011 | 2011 |
Powell County has a homeownership rate of 58.7%, lower than the Montana average of 60.1%. Its housing vacancy rate is 19.1%, compared with 13.2% in Montana.
Housing Stock
| Metric | Powell County | Montana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.22 people | 2.37 people | 2.53 people |
| Median Structure Built Year | 1971 | 1981 | 1978 |
| Median Number of Rooms | 5.9 | 5.6 | 5.5 |
The typical housing unit in Powell County was built around 1971. On average, 2.2 people live in a home with about 5.9 rooms, staying for about 17.0 years on average.
Powell County, MT Housing Compared With Nearby Counties
Powell County, MT is the smallest of the 4 counties compared here, 7,053 residents against a local median of 73,430. Where Powell County, MT breaks from the counties next to it is median rent, sitting 26% below the local median of $1,101 at $820.
Median home price tells the same story from another angle: $235,714 against a local median of $310,934, 24% below it. The counties themselves spread $326 on median rent, so Powell County, MT sits at one end of an already wide local range rather than apart from it. Powell County, MT has the 4th highest median rent of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Powell County, MT | 7,053 | $235,714 #3/4 | $820 #4/4 | 72.5% #1/4 |
| Lewis and Clark County, MT | 73,430 | $310,934 | $1,101 | 70.1% |
| Silver Bow County, MT | 35,793 | $165,062 | $863 | 70.8% |
| Missoula County, MT | 120,671 | $463,380 | $1,189 | 58.8% |
Frequently Asked Questions
Common questions about the housing market in Powell County, Montana.
What is the median home price in Powell County, Montana?
The median home price in Powell County, Montana is $235,714, lower than the Montana average of $249,140.
What is the average home price in Powell County, Montana?
The typical home price in Powell County, Montana, reported as the median sale price, is $235,714. 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 Powell County, Montana?
The median gross rent in Powell County, Montana is $820 per month, lower than the Montana average of $1,081.
What was the median gross rent in Powell County in 2020?
In 2020, the median gross rent in Powell County, Montana was $651 per month.
What is the price-to-rent ratio in Powell County, Montana?
The price-to-rent ratio in Powell County, Montana is about 23.9, meaning it would take roughly 23.9 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 Powell County.
Are home prices or rent rising faster in Powell County, Montana?
Both home prices and rent are rising in Powell County, up about 55.2% and 5.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Powell County, Montana?
58.7% of households in Powell County, Montana own their home, lower than the Montana average of 60.1%.
What is the vacancy rate in Powell County, Montana?
The housing vacancy rate in Powell County, Montana is 19.1%, higher than the Montana average of 13.2%.
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