Markets/Montana/Great Falls

Great Falls, MT Real Estate Market 2026

Investor-grade market analytics for Great Falls, Montana. Data from Zillow ZHVI, FRED, Census ACS, and FEMA NRI. Data through August 2026.

Median Home Price

$342,484

+3.0% year-over-year

Est. Rental Yield

4.8%

gross annual

12-Month Forecast

+3.0%

base case (Zillow ZHVF)

+3.0% year-over-year

Climate Risk

50/100

Moderate

Market Momentum

➡️
Neutral
3.7mo supply · Score +1/7

Net migration: Bottom 44% nationally

Income Migration

➡️ Neutral1.03x

In-migrants avg $57,175 AGI vs out-migrants $55,297

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Opportunity Zone Market

1 ZIP codes in Great Falls are designated Qualified Opportunity Zones (IRC 1400Z-2), eligible for capital gains tax deferral on qualifying investments. Learn more →

Great Falls Market Summary

Great Falls, MT shows steady growth at 3.0% year-over-year appreciation, reflecting balanced market conditions with moderate demand. Affordability is moderately stretched with a price-to-income ratio of 5.17x, above the national average of 4.8x. Climate risk is moderate (50/100) with manageable exposure. Rental yield of 4.79% is moderate, offering acceptable cash flow for leveraged investments.

Affordability

Affordability Score69/100
Price-to-Income Ratio5.2x (national avg 4.8x)
Median Household Income$66,203

Price Forecast Scenarios

12-month projection (Zillow ZHVF model)

Bear Case+1.5%
Base Case+3.0%
Bull Case+4.5%

Climate & Natural Hazard Risk

Great Falls, MT's primary climate exposure is flooding (50/100). The composite climate risk score of 50/100 (Moderate) indicates overall risk with manageable exposure that should be factored into investment analysis. Buyers should consider climate-related insurance costs and potential future regulatory changes.

Source: FEMA National Risk Index

Get the full Great Falls dataset

Migration flows, ZIP-level neighborhood data, full demographics, price history, and the Market Screener.