Housing Prices Threaten Montana’s Quality Of Life

If you want to know how bad the home prices have gotten in Montana, these statistics are eye-opening.

We all know the housing market in Montana has been awful over the past several years. Places like Missoula, Whitefish, and Bozeman have been hit the hardest with inflated home prices.

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Single-family homes are priced anywhere from $700K to close to $1 million. Hard-working people hoping to own a piece of beautiful Big Sky Country have been priced out and forced to move elsewhere to find a decently priced home.

Even though home prices are cooling off, they are still inflated and overpriced. If you want to know how bad it's gotten in Montana, we have some staggering statistics that will blow your mind.

Montana has seen a 127% increase in home prices over the past decade, the 8th largest rise in America. The United States Housing & Urban Development shows statistics that show that COVID-19 was a significant factor in turning Montana house prices into astronomical numbers.

Even though these numbers are for the whole state of Montana, if you dive deeper into cities that receive huge population booms, like Bozeman, the numbers are even worse than you can imagine.

Bozeman's average housing price seven to eight years ago was around $275,000, but now it's hovering around $800,000. If that number doesn't want to make you throw up, I don't know what will.

Everyone hopes that the home pricing problem in Montana will soon solve itself, but we might have to face reality and realize that might never happen in certain areas.

Locals and young adults would love to become a homeowner one day, but depending on where you live in Montana, it might not happen.