Ravalli County, Montana Housing Market Prices
Ravalli 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 531% above the Montana median Most expensive county in Montana$1,571,428
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Median rent 3% below the Montana median More expensive than 85% of counties in Montana$1,053
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Ravalli County | Montana Avg | US Average |
|---|---|---|---|
| Median Home Price | $1,571,428 | $249,140 | $248,835 |
| Price Trend (Annual %) | 174.7% | 3.8% | 7.5% |
| Median Gross Rent | $1,053 | $1,081 | $1,407 |
| Rent Trend (Annual %) | 4.8% | 5.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Ravalli County is about 531% higher than in Montana. Rent is about 3% 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 Ravalli County, up about 174.7% and 4.8% a year respectively. Home prices are changing faster.
Median rent in Ravalli County rose about 50.0% between 2015 and 2024, from $702 to $1,053. Over the same span, rent in Montana rose about 52.0%.
Affordability
On average, housing unit costs 22.1 yearly household incomes in Ravalli County.
Buying the median-priced home in Ravalli County costs roughly 124.3 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 Ravalli County. The price-to-rent ratio in Montana is about 19.2.
| Metric | Ravalli County | Montana Avg | US Average |
|---|---|---|---|
| Median Home Price | $1,571,428 | $249,140 | $248,835 |
| Median Household Income | $71,257 | $72,476 | $80,455 |
| Price-to-Income Ratio | 22.1 | 3.4 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Ravalli County rose about 419.7%, while median household income rose about 58.2% 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 | Ravalli County | Montana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 69.9% | 60.1% | 58.5% |
| Rental Rate | 18.2% | 26.8% | 31.2% |
| Vacancy Rate | 11.9% | 13.2% | 10.2% |
| Median Tenure (years) | 15.0 | 15.0 | 15.0 |
| Median Year Moved In | 2011 | 2011 | 2011 |
Ravalli County has a homeownership rate of 69.9%, higher than the Montana average of 60.1%. Its housing vacancy rate is 11.9%, compared with 13.2% in Montana.
Housing Stock
| Metric | Ravalli County | Montana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.48 people | 2.37 people | 2.53 people |
| Median Structure Built Year | 1988 | 1981 | 1978 |
| Median Number of Rooms | 5.6 | 5.6 | 5.5 |
The typical housing unit in Ravalli County was built around 1988. On average, 2.5 people live in a home with about 5.6 rooms, staying for about 15.0 years on average.
Ravalli County, MT Housing Compared With Nearby Counties
How Ravalli County, MT compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Ravalli County, MT | 46,722 | $1,571,428 #1/3 | $1,053 #2/3 | 79.4% #2/3 |
| Missoula County, MT | 120,671 | $463,380 | $1,189 | 58.8% |
| Idaho County, ID | 17,432 | $343,750 | $788 | 80.9% |
Frequently Asked Questions
Common questions about the housing market in Ravalli County, Montana.
What is the median home price in Ravalli County, Montana?
The median home price in Ravalli County, Montana is $1,571,428, higher than the Montana average of $249,140.
What is the average home price in Ravalli County, Montana?
The typical home price in Ravalli County, Montana, reported as the median sale price, is $1,571,428. 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 Ravalli County, Montana?
The median gross rent in Ravalli County, Montana is $1,053 per month, lower than the Montana average of $1,081.
What was the median gross rent in Ravalli County in 2020?
In 2020, the median gross rent in Ravalli County, Montana was $789 per month.
What is the price-to-rent ratio in Ravalli County, Montana?
The price-to-rent ratio in Ravalli County, Montana is about 124.3, meaning it would take roughly 124.3 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 Ravalli County.
Are home prices or rent rising faster in Ravalli County, Montana?
Both home prices and rent are rising in Ravalli County, up about 174.7% and 4.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Ravalli County, Montana?
69.9% of households in Ravalli County, Montana own their home, higher than the Montana average of 60.1%.
What is the vacancy rate in Ravalli County, Montana?
The housing vacancy rate in Ravalli County, Montana is 11.9%, lower than the Montana average of 13.2%.
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