Silver Bow County, Montana Housing Market Prices
Silver Bow 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 34% below the Montana median$165,062
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Median rent 20% below the Montana median$863
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Silver Bow County | Montana Avg | US Average |
|---|---|---|---|
| Median Home Price | $165,062 | $249,140 | $248,835 |
| Price Trend (Annual %) | 6.1% | 3.8% | 7.5% |
| Median Gross Rent | $863 | $1,081 | $1,407 |
| Rent Trend (Annual %) | 5.0% | 5.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Silver Bow County is about 34% lower than in Montana. Rent is about 20% 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 Silver Bow County, up about 6.1% and 5.0% a year respectively. Home prices are changing faster.
Median rent in Silver Bow County rose about 43.5% between 2015 and 2024, from $601 to $863. Over the same span, rent in Montana rose about 52.0%.
Affordability
On average, housing unit costs 2.7 yearly household incomes in Silver Bow County.
Buying the median-priced home in Silver Bow County costs roughly 15.9 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Silver Bow County. The price-to-rent ratio in Montana is about 19.2.
| Metric | Silver Bow County | Montana Avg | US Average |
|---|---|---|---|
| Median Home Price | $165,062 | $249,140 | $248,835 |
| Median Household Income | $61,292 | $72,476 | $80,455 |
| Price-to-Income Ratio | 2.7 | 3.4 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Silver Bow County rose about 24.7%, while median household income rose about 52.3% 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 | Silver Bow County | Montana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 62.4% | 60.1% | 58.5% |
| Rental Rate | 25.7% | 26.8% | 31.2% |
| Vacancy Rate | 11.9% | 13.2% | 10.2% |
| Median Tenure (years) | 16.0 | 15.0 | 15.0 |
| Median Year Moved In | 2010 | 2011 | 2011 |
Silver Bow County has a homeownership rate of 62.4%, higher than the Montana average of 60.1%. Its housing vacancy rate is 11.9%, compared with 13.2% in Montana.
Housing Stock
| Metric | Silver Bow County | Montana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.24 people | 2.37 people | 2.53 people |
| Median Structure Built Year | 1960 | 1981 | 1978 |
| Median Number of Rooms | 5.4 | 5.6 | 5.5 |
The typical housing unit in Silver Bow County was built around 1960. On average, 2.2 people live in a home with about 5.4 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Silver Bow County, Montana.
What is the median home price in Silver Bow County, Montana?
The median home price in Silver Bow County, Montana is $165,062, lower than the Montana average of $249,140.
What is the average home price in Silver Bow County, Montana?
The typical home price in Silver Bow County, Montana, reported as the median sale price, is $165,062. 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 Silver Bow County, Montana?
The median gross rent in Silver Bow County, Montana is $863 per month, lower than the Montana average of $1,081.
What was the median gross rent in Silver Bow County in 2020?
In 2020, the median gross rent in Silver Bow County, Montana was $680 per month.
What is the price-to-rent ratio in Silver Bow County, Montana?
The price-to-rent ratio in Silver Bow County, Montana is about 15.9, meaning it would take roughly 15.9 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Silver Bow County.
Are home prices or rent rising faster in Silver Bow County, Montana?
Both home prices and rent are rising in Silver Bow County, up about 6.1% and 5.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Silver Bow County, Montana?
62.4% of households in Silver Bow County, Montana own their home, higher than the Montana average of 60.1%.
What is the vacancy rate in Silver Bow County, Montana?
The housing vacancy rate in Silver Bow County, Montana is 11.9%, lower than the Montana average of 13.2%.
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