Best Places to Invest in Montana Real Estate
76 Montana markets ranked from our sold history and per-listing investment modeling. Tap a city for its cap rate, cash flow and price detail — then sign up to see the actual cash-flowing listings.
| City | Median price | Cap rate | Cash flow/mo | Appreciation YoY | Sold (12mo) |
|---|---|---|---|---|---|
| Billings | $380,000 | 2.9% | $-1,154 | +2.7% | 2,052 |
| Missoula | $525,000 | 1.7% | $-2,221 | -0.9% | 1,122 |
| Bozeman | $745,000 | 2.0% | $-2,823 | +1.1% | 1,016 |
| Great Falls | $339,500 | 3.3% | $-849 | +2.2% | 1,003 |
| Kalispell | $550,000 | 1.9% | $-2,234 | +0.9% | 888 |
| Helena | $449,000 | 2.5% | $-1,490 | +1.8% | 522 |
| Butte-Silver Bow (balance) | $285,000 | 3.2% | $-838 | +10.7% | 495 |
| Whitefish | $1,050,000 | 0.5% | $-5,971 | +4.1% | 475 |
| Belgrade | $550,000 | 2.3% | $-2,003 | +0.0% | 427 |
| Hamilton | $485,000 | 1.5% | $-1,972 | +0.6% | 266 |
| $210,000 | -0.2% | $-2,150 | +30.8% | 247 | |
| Big Sky | $2,225,000 | -0.5% | $-17,357 | -2.1% | 216 |
| Bigfork | $761,950 | 0.1% | $-5,134 | +7.2% | 210 |
| Columbia Falls | $619,000 | 1.2% | $-3,117 | +0.0% | 209 |
| Stevensville | $575,000 | 1.4% | $-2,862 | +0.6% | 187 |
| Livingston | $535,000 | 2.5% | $-1,695 | -7.6% | 185 |
| Laurel | $339,900 | 3.1% | $-921 | -3.1% | 167 |
| Polson | $399,000 | 1.4% | $-2,491 | -5.8% | 153 |
| Evergreen | $439,500 | 2.4% | $-1,499 | +0.2% | 146 |
| Anaconda-Deer Lodge County | $275,000 | 2.7% | $-1,032 | -6.9% | 132 |
| Four Corners | $959,500 | 1.3% | $-4,472 | -2.9% | 118 |
| Eureka | $387,000 | 0.8% | $-2,940 | +27.3% | 114 |
| Libby | $325,000 | 2.1% | $-1,441 | -16.4% | 114 |
| Red Lodge | $520,406 | 0.2% | $-3,108 | +1.4% | 109 |
| Ennis | $485,000 | -0.0% | $-3,758 | -7.7% | 108 |
| Helena Valley Southeast | $449,950 | 2.5% | $-1,458 | -4.1% | 108 |
| East Helena | $474,900 | 2.7% | $-1,324 | +2.3% | 107 |
| Helena Valley West Central | $488,950 | 2.6% | $-1,529 | -0.6% | 104 |
| Dillon | $369,000 | 2.0% | $-1,685 | -1.4% | 104 |
| Florence | $635,000 | 0.9% | $-3,632 | -2.2% | 88 |
| Townsend | $387,000 | 2.2% | $-1,877 | -1.9% | 85 |
| Lockwood | $309,500 | 2.2% | $-665 | +3.9% | 82 |
| Corvallis | $665,000 | 0.9% | $-3,834 | -1.6% | 81 |
| Roundup | $249,450 | 1.8% | $-1,296 | +21.0% | 76 |
| Helena Valley Northwest | $502,475 | 2.4% | $-1,664 | -1.7% | 76 |
| Lolo | $520,000 | 0.9% | $-3,119 | +0.3% | 74 |
| Lakeside | $777,500 | 0.2% | $-4,973 | +6.8% | 74 |
| Columbus | $325,000 | 1.1% | $-2,302 | +1.0% | 72 |
| Helena Valley Northeast | $637,450 | 1.7% | $-2,781 | -6.2% | 68 |
| Manhattan | $675,000 | 1.4% | $-3,717 | +8.6% | 67 |
| Thompson Falls | $389,900 | 0.7% | $-2,567 | +2.5% | 65 |
| Seeley Lake | $554,495 | 1.1% | $-2,672 | +1.3% | 62 |
| Wheatland | $574,900 | 2.1% | $-2,158 | -9.0% | 57 |
| Cascade | $278,750 | 1.1% | $-2,016 | -16.1% | 54 |
| Whitehall | $349,999 | 1.2% | $-2,628 | -18.1% | 53 |
| Orchard Homes | $689,500 | 1.4% | $-3,048 | +4.5% | 52 |
| Deer Lodge | $297,000 | 2.1% | $-1,149 | +7.7% | 52 |
| Montana City | $649,000 | 0.9% | $-3,242 | -5.9% | 51 |
| Philipsburg | $332,450 | 1.4% | $-2,078 | -14.9% | 50 |
| Wye | $574,990 | 1.5% | $-2,264 | +3.7% | 49 |
| Shepherd | $424,000 | 2.6% | $-1,397 | +11.8% | 48 |
| Troy | $351,500 | 0.9% | $-2,407 | -6.5% | 46 |
| Frenchtown | $599,000 | 1.5% | $-2,946 | -7.6% | 45 |
| Victor | $550,000 | 0.5% | $-4,085 | +1.5% | 43 |
| Choteau | $317,500 | 2.5% | $-1,110 | -6.0% | 42 |
| Ronan | $399,000 | 2.1% | $-1,539 | +9.5% | 41 |
| Hardin | $210,000 | 3.6% | $-562 | +6.1% | 41 |
| Clancy | $509,500 | 0.9% | $-3,648 | +9.0% | 40 |
| Rexford | $449,000 | 1.2% | $-2,020 | +3.9% | 39 |
| Marion | $477,500 | -0.1% | $-3,682 | +24.2% | 38 |
| Alberton | $470,000 | 0.7% | $-2,807 | -9.7% | 37 |
| Sheridan | $445,000 | 0.5% | $-3,492 | +0.5% | 37 |
| Somers | $539,900 | 0.7% | $-3,843 | +1.0% | 37 |
| Shelby | $153,500 | 4.4% | $-327 | +0.0% | 36 |
| Trout Creek | $482,000 | 0.4% | $-4,202 | -2.8% | 36 |
| Clinton | $495,000 | 1.2% | $-2,799 | +22.0% | 35 |
| Lincoln | $425,000 | 1.1% | $-1,989 | -10.4% | 35 |
| White Sulphur Springs | $425,000 | 0.7% | $-2,706 | +4.6% | 35 |
| Three Forks | $447,500 | 2.5% | $-1,637 | -2.2% | 34 |
| Darby | $378,950 | 0.4% | $-3,512 | -12.2% | 34 |
| Roberts | $255,750 | 1.1% | $-1,879 | +19.0% | 34 |
| Kila | $549,000 | 0.2% | $-4,688 | -5.8% | 34 |
| Big Timber | $489,000 | 1.2% | $-1,991 | +2.5% | 33 |
| Boulder | $200,000 | 2.3% | $-1,196 | -10.7% | 33 |
| Conrad | $235,000 | 3.1% | $-757 | +1.5% | 33 |
| Cut Bank | $165,000 | 4.9% | $-222 | -5.9% | 33 |
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