Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Rosebud County | Montana Avg | US Average |
|---|---|---|---|
| Median Home Price | $252,680 | $242,768 | $242,182 |
| Price Trend (Annual %) | 13.4% | 4.0% | 8.2% |
| Median Gross Rent | $643 | $1,031 | $1,342 |
| Rent Trend (Annual %) | 2.7% | 5.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Rosebud County is about 4% higher than in Montana. Rent is about 38% lower than the Montana average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Rosebud County, up about 13.4% and 2.7% a year respectively. Home prices are changing faster.
Median rent in Rosebud County rose about 18.2% between 2015 and 2023, from $544 to $643. Over the same span, rent in Montana rose about 45.0%.
Affordability
On average, housing unit costs 4.6 yearly household incomes in Rosebud County.
Buying the median-priced home in Rosebud County costs roughly 32.7 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 Rosebud County. The price-to-rent ratio in Montana is about 19.6.
| Metric | Rosebud County | Montana Avg | US Average |
|---|---|---|---|
| Median Home Price | $252,680 | $242,768 | $242,182 |
| Median Household Income | $55,224 | $69,624 | $78,145 |
| Price-to-Income Ratio | 4.6 | 3.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Rosebud County rose about 90.2%, while median household income rose about 26.7% between 2009 and 2023 — 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 | Rosebud County | Montana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 53.8% | 60.1% | 58.2% |
| Rental Rate | 27.3% | 26.5% | 31.3% |
| Vacancy Rate | 18.9% | 13.4% | 10.6% |
| Median Tenure (years) | 19.0 | 15.0 | 15.0 |
| Median Year Moved In | 2007 | 2011 | 2011 |
Rosebud County has a homeownership rate of 53.8%, lower than the Montana average of 60.1%. Its housing vacancy rate is 18.9%, compared with 13.4% in Montana.
Housing Stock
| Metric | Rosebud County | Montana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.65 people | 2.38 people | 2.54 people |
| Median Structure Built Year | 1980 | 1980 | 1978 |
| Median Number of Rooms | 5.6 | 5.6 | 5.5 |
The typical housing unit in Rosebud County was built around 1980. On average, 2.7 people live in a home with about 5.6 rooms, staying for about 19.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Rosebud County, Montana.
What is the median home price in Rosebud County, Montana?
The median home price in Rosebud County, Montana is $252,680, higher than the Montana average of $242,768.
What is the average home price in Rosebud County, Montana?
The typical home price in %s, reported as the median sale price, is %s. 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 Rosebud County, Montana?
The median gross rent in Rosebud County, Montana is $643 per month, lower than the Montana average of $1,031.
What was the median gross rent in Rosebud County in 2020?
In 2020, the median gross rent in Rosebud County, Montana was $589 per month.
What is the price-to-rent ratio in Rosebud County, Montana?
The price-to-rent ratio in Rosebud County, Montana is about 32.7, meaning it would take roughly 32.7 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 Rosebud County.
Are home prices or rent rising faster in Rosebud County, Montana?
Both home prices and rent are rising in Rosebud County, up about 13.4% and 2.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Rosebud County, Montana?
53.8% of households in Rosebud County, Montana own their home, lower than the Montana average of 60.1%.
What is the vacancy rate in Rosebud County, Montana?
The housing vacancy rate in Rosebud County, Montana is 18.9%, higher than the Montana average of 13.4%.