Markets/Montana/Kalispell

Kalispell, MT Real Estate Market 2026

Investor-grade market analytics for Kalispell, Montana. Data from Zillow ZHVI, FRED, Census ACS, and FEMA NRI. Updated monthly.

Median Home Price

$621,912

-0.1% year-over-year

Est. Rental Yield

4.0%

gross annual

12-Month Forecast

-6.1%

base case (Zillow ZHVF)

-6.1% year-over-year

Kalispell Market Summary

Kalispell, MT is experiencing a correction with -0.1% year-over-year decline, signaling a buyer's market with softening demand. Affordability pressure is significant: the price-to-income ratio of 8.72x well exceeds the national average of 4.8x. Modest net positive migration (+655 returns/year) provides steady demand support. Climate risk is moderate (50/100) with manageable exposure. Rental yield of 4.01% is moderate, offering acceptable cash flow for leveraged investments.

Affordability

Affordability Score18/100
Price-to-Income Ratio8.7x (national avg 4.8x)
Median Household Income$71,327

Price Forecast Scenarios

12-month projection (Zillow ZHVF model)

Bear Case-9.2%
Base Case-6.1%
Bull Case-3.1%

Climate & Natural Hazard Risk

Kalispell, 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 Kalispell dataset

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

Kalispell Real Estate Market Data 2026 | Lotlytics | Lotlytics