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These days, finding an affordable place to live in the Missoula area can be challenging. Home prices in Missoula are now at a median cost of $498,241, higher than the Montana average of $409,886.
The average cost of rent is $1,350/mo in Missoula, primarily driven by the current value of real estate in the Missoula area. In Missoula, 46.76% of households rent, and 36.13% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Missoula is $7,045 per month. Households that rent pay about 19.16% of their income on rent here. Missoula’s most expensive areas are in the northeastern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Orchard Homes, MT: equally priced homes
- Milltown, MT: less expensive homes
- Lolo, MT: equally priced homes
- Bonner, MT: equally priced homes
- Twin Creeks, MT: higher priced homes
- Clinton, MT: less expensive homes
- Frenchtown, MT: less expensive homes
- Florence, MT: equally priced homes
- Turah, MT: less expensive homes
- Arlee, MT: less expensive homes
Cities with Similar Populations
- Cranston, RI: less expensive homes
- Corona, CA: higher priced homes
- Conway, AR: less expensive homes
- Corpus Christi, TX: less expensive homes
- Columbia, MD: equally priced homes
- Concord, CA: higher priced homes
- Columbia, MO: less expensive homes
- College Station, TX: less expensive homes
- Columbia, SC: less expensive homes
- Council Bluffs, IA: less expensive homes
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