Treasure County, Montana Housing Market Prices
Treasure 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 2% below the Montana median$244,999
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Median rent 21% below the Montana median$850
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Treasure County | Montana Avg | US Average |
|---|---|---|---|
| Median Home Price | $244,999 | $249,140 | $248,835 |
| Price Trend (Annual %) | — | 3.8% | 7.5% |
| Median Gross Rent | $850 | $1,081 | $1,407 |
| Rent Trend (Annual %) | 6.1% | 5.0% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Treasure County is about 2% lower than in Montana. Rent is about 21% lower than the Montana average.
Median Home and Rent Price Trends
Median Home Prices, 2024
Median Rent Prices, 2015-2024
Median rent in Treasure County rose about 52.8% between 2015 and 2024, from $556 to $850. Over the same span, rent in Montana rose about 52.0%.
Affordability
On average, housing unit costs 3.6 yearly household incomes in Treasure County.
Buying the median-priced home in Treasure County costs roughly 24.0 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 Treasure County. The price-to-rent ratio in Montana is about 19.2.
| Metric | Treasure County | Montana Avg | US Average |
|---|---|---|---|
| Median Home Price | $244,999 | $249,140 | $248,835 |
| Median Household Income | $67,777 | $72,476 | $80,455 |
| Price-to-Income Ratio | 3.6 | 3.4 | 3.1 |
Home Prices vs Income Over Time
Occupancy & Tenure
| Metric | Treasure County | Montana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 53.5% | 60.1% | 58.5% |
| Rental Rate | 24.8% | 26.8% | 31.2% |
| Vacancy Rate | 21.7% | 13.2% | 10.2% |
| Median Tenure (years) | 17.0 | 15.0 | 15.0 |
| Median Year Moved In | 2009 | 2011 | 2011 |
Treasure County has a homeownership rate of 53.5%, lower than the Montana average of 60.1%. Its housing vacancy rate is 21.7%, compared with 13.2% in Montana.
Housing Stock
| Metric | Treasure County | Montana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.03 people | 2.37 people | 2.53 people |
| Median Structure Built Year | 1974 | 1981 | 1978 |
| Median Number of Rooms | 6.2 | 5.6 | 5.5 |
The typical housing unit in Treasure County was built around 1974. On average, 2.0 people live in a home with about 6.2 rooms, staying for about 17.0 years on average.
Treasure County, MT Housing Compared With Nearby Counties
How Treasure County, MT compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Treasure County, MT | 732 | $244,999 #2/3 | $850 #3/3 | 68.3% #3/3 |
| Yellowstone County, MT | 168,956 | $232,715 | $1,130 | 69.6% |
| Musselshell County, MT | 5,152 | $450,000 | $1,137 | 85.1% |
Frequently Asked Questions
Common questions about the housing market in Treasure County, Montana.
What is the median home price in Treasure County, Montana?
The median home price in Treasure County, Montana is $244,999, lower than the Montana average of $249,140.
What is the average home price in Treasure County, Montana?
The typical home price in Treasure County, Montana, reported as the median sale price, is $244,999. 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 Treasure County, Montana?
The median gross rent in Treasure County, Montana is $850 per month, lower than the Montana average of $1,081.
What was the median gross rent in Treasure County in 2020?
In 2020, the median gross rent in Treasure County, Montana was $917 per month.
What is the price-to-rent ratio in Treasure County, Montana?
The price-to-rent ratio in Treasure County, Montana is about 24.0, meaning it would take roughly 24.0 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 Treasure County.
What is the homeownership rate in Treasure County, Montana?
53.5% of households in Treasure County, Montana own their home, lower than the Montana average of 60.1%.
What is the vacancy rate in Treasure County, Montana?
The housing vacancy rate in Treasure County, Montana is 21.7%, higher than the Montana average of 13.2%.
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