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 | Wibaux County | Montana Avg | US Average |
|---|---|---|---|
| Median Home Price | $275,000 | $242,768 | $242,182 |
| Price Trend (Annual %) | — | 4.0% | 8.2% |
| Median Gross Rent | $963 | $1,031 | $1,342 |
| Rent Trend (Annual %) | 5.3% | 5.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Wibaux County is about 13% higher than in Montana. Rent is about 7% lower than the Montana average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Median rent in Wibaux County rose about 45.0% between 2015 and 2023, from $665 to $963. Over the same span, rent in Montana rose about 45.0%.
Affordability
On average, housing unit costs 4.0 yearly household incomes in Wibaux County.
Buying the median-priced home in Wibaux County costs roughly 23.8 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 Wibaux County. The price-to-rent ratio in Montana is about 19.6.
| Metric | Wibaux County | Montana Avg | US Average |
|---|---|---|---|
| Median Home Price | $275,000 | $242,768 | $242,182 |
| Median Household Income | $69,583 | $69,624 | $78,145 |
| Price-to-Income Ratio | 4.0 | 3.5 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Wibaux County rose about 146.8%, while median household income rose about 107.8% 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 | Wibaux County | Montana Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 58.9% | 60.1% | 58.2% |
| Rental Rate | 19.6% | 26.5% | 31.3% |
| Vacancy Rate | 21.5% | 13.4% | 10.6% |
| Median Tenure (years) | 19.0 | 15.0 | 15.0 |
| Median Year Moved In | 2007 | 2011 | 2011 |
Wibaux County has a homeownership rate of 58.9%, lower than the Montana average of 60.1%. Its housing vacancy rate is 21.5%, compared with 13.4% in Montana.
Housing Stock
| Metric | Wibaux County | Montana Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.41 people | 2.38 people | 2.54 people |
| Median Structure Built Year | 1970 | 1980 | 1978 |
| Median Number of Rooms | 6.0 | 5.6 | 5.5 |
The typical housing unit in Wibaux County was built around 1970. On average, 2.4 people live in a home with about 6.0 rooms, staying for about 19.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Wibaux County, Montana.
What is the median home price in Wibaux County, Montana?
The median home price in Wibaux County, Montana is $275,000, higher than the Montana average of $242,768.
What is the average home price in Wibaux 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 Wibaux County, Montana?
The median gross rent in Wibaux County, Montana is $963 per month, lower than the Montana average of $1,031.
What was the median gross rent in Wibaux County in 2020?
In 2020, the median gross rent in Wibaux County, Montana was $924 per month.
What is the price-to-rent ratio in Wibaux County, Montana?
The price-to-rent ratio in Wibaux County, Montana is about 23.8, meaning it would take roughly 23.8 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 Wibaux County.
What is the homeownership rate in Wibaux County, Montana?
58.9% of households in Wibaux County, Montana own their home, lower than the Montana average of 60.1%.
What is the vacancy rate in Wibaux County, Montana?
The housing vacancy rate in Wibaux County, Montana is 21.5%, higher than the Montana average of 13.4%.