Sweet Grass County, Montana Housing Market Prices
Sweet Grass 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 39% above the Montana median More expensive than 76% of counties in Montana$346,290
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Median rent 6% above the Montana median Among the 5 most expensive counties in Montana$1,148
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Sweet Grass County | Montana Avg | US Average |
|---|---|---|---|
| Median Home Price | $346,290 | $249,140 | $248,835 |
| Price Trend (Annual %) | 35.1% | 3.8% | 7.5% |
| Median Gross Rent | $1,148 | $1,081 | $1,407 |
| Rent Trend (Annual %) | 7.6% | 5.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Sweet Grass County is about 39% higher than in Montana. Rent is about 6% higher than the Montana average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2022
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Sweet Grass County, up about 35.1% and 7.6% a year respectively. Home prices are changing faster.
Median rent in Sweet Grass County rose about 75.3% between 2015 and 2024, from $655 to $1,148. Over the same span, rent in Montana rose about 52.0%.
Affordability
On average, housing unit costs 4.5 yearly household incomes in Sweet Grass County.
Buying the median-priced home in Sweet Grass County costs roughly 25.1 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 Sweet Grass County. The price-to-rent ratio in Montana is about 19.2.
| Metric | Sweet Grass County | Montana Avg | US Average |
|---|---|---|---|
| Median Home Price | $346,290 | $249,140 | $248,835 |
| Median Household Income | $76,628 | $72,476 | $80,455 |
| Price-to-Income Ratio | 4.5 | 3.4 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2022, the median home price in Sweet Grass County rose about 140.8%, while median household income rose about 58.0% 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 | Sweet Grass County | Montana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 65.1% | 60.1% | 58.5% |
| Rental Rate | 16.6% | 26.8% | 31.2% |
| Vacancy Rate | 18.3% | 13.2% | 10.2% |
| Median Tenure (years) | 16.0 | 15.0 | 15.0 |
| Median Year Moved In | 2010 | 2011 | 2011 |
Sweet Grass County has a homeownership rate of 65.1%, higher than the Montana average of 60.1%. Its housing vacancy rate is 18.3%, compared with 13.2% in Montana.
Housing Stock
| Metric | Sweet Grass County | Montana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.37 people | 2.37 people | 2.53 people |
| Median Structure Built Year | 1979 | 1981 | 1978 |
| Median Number of Rooms | 5.7 | 5.6 | 5.5 |
The typical housing unit in Sweet Grass County was built around 1979. On average, 2.4 people live in a home with about 5.7 rooms, staying for about 16.0 years on average.
Sweet Grass County, MT Housing Compared With Nearby Counties
How Sweet Grass County, MT compares with the 1 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Sweet Grass County, MT | 3,720 | $346,290 #2/2 | $1,148 #1/2 | 79.7% #1/2 |
| Park County, MT | 17,710 | $389,473 | $975 | 69.4% |
Frequently Asked Questions
Common questions about the housing market in Sweet Grass County, Montana.
What is the median home price in Sweet Grass County, Montana?
The median home price in Sweet Grass County, Montana is $346,290, higher than the Montana average of $249,140.
What is the average home price in Sweet Grass County, Montana?
The typical home price in Sweet Grass County, Montana, reported as the median sale price, is $346,290. 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 Sweet Grass County, Montana?
The median gross rent in Sweet Grass County, Montana is $1,148 per month, higher than the Montana average of $1,081.
What was the median gross rent in Sweet Grass County in 2020?
In 2020, the median gross rent in Sweet Grass County, Montana was $677 per month.
What is the price-to-rent ratio in Sweet Grass County, Montana?
The price-to-rent ratio in Sweet Grass County, Montana is about 25.1, meaning it would take roughly 25.1 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 Sweet Grass County.
Are home prices or rent rising faster in Sweet Grass County, Montana?
Both home prices and rent are rising in Sweet Grass County, up about 35.1% and 7.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Sweet Grass County, Montana?
65.1% of households in Sweet Grass County, Montana own their home, higher than the Montana average of 60.1%.
What is the vacancy rate in Sweet Grass County, Montana?
The housing vacancy rate in Sweet Grass County, Montana is 18.3%, higher than the Montana average of 13.2%.
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