A pastoral fence line in Grant Creek

Whether you're a resident or new to the Garden City, you have lots of choices when it comes to finding just the right neighborhood. Learn more by checking out our Missoula Neighborhoods section.

Photo by Nelson Kenter - kenterphotography.com

State of Missoula Real Estate

Overall, the Missoula real estate market has remained a healthy industry.  The plus side to living in Missoula is the wide variety options among neighborhoods and how it can accommodate all interested parties looking to relocate, up-size, down-size, buy, sell, construct, or rent.

A tight supply on the Missoula real estate market helped to force the median price of a home up another 6.89 percent to a record-setting $255,000 in 2016.

Missoula County Facts

Missoula is the second largest city in Montana and according to U.S. Census data, Missoula County’s population in estimated at  over 114,181.  The median age of Missoula residents is affected by the University of Montana’s student population, which are 33 years of age for males and 35 years of age for females.  The two most prominent age ranges within Missoula County include baby boomers (ages 46-64) and echo boomers (ages 20-34).

Missoula County Housing Overview

Homes sold in Missoula reached a total of 1,392 sales in 2016 with a median price of $255,000.

The median income in 2016 for all Missoula County households was $42,815.  About 54% of Missoula County households are homeowners, while 37% are renters.  The vacancy level sits under 10%, which a significant portion of that percentage includes units occupied seasonally or are only temporarily vacant.




Sources: Montana Regional MLS as published in the 2017 Missoula Housing Report provided by The Missoula Organization of Realtors.

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