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These days, finding an affordable place to live in the Great Falls area can be challenging. Home prices in Great Falls are now at a median cost of $268,573, lower than the Montana average of $409,886.
The average cost of rent is $1,111/mo in Great Falls, primarily driven by the current value of real estate in the Great Falls area. In Great Falls, 33.52% of households rent, and 41.44% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Great Falls is $6,178 per month. Households that rent pay about 17.98% of their income on rent here. Great Falls’s most expensive areas are in the southwestern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Gibson Flats, MT: higher priced homes
- Malmstrom Air Force Base, MT: higher priced homes
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- Tracy, MT: higher priced homes
- Sand Coulee, MT: higher priced homes
- Portage, MT: equally priced homes
- Ulm, MT: higher priced homes
- Castner Falls, MT: higher priced homes
- Vaughn, MT: less expensive homes
- Stockett, MT: equally priced homes
Cities with Similar Populations
- Ewa Beach, HI: higher priced homes
- Leesburg, VA: higher priced homes
- Union City, NJ: higher priced homes
- Kokomo, IN: less expensive homes
- Kingsport, TN: less expensive homes
- Janesville, WI: less expensive homes
- Huntington, WV: less expensive homes
- Manassas, VA: higher priced homes
- Huntersville, NC: higher priced homes
- Fayetteville, GA: higher priced homes
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