Montana
Seven markets. Seven different loans.
Great Falls and Big Sky are both Montana and they have almost nothing in common as lending problems. A $340,000 house near Malmstrom and a $3 million second home on the Gallatin get financed by different programs, different investors and different appraisal strategies. Pick your market.
Side by side
The Montana markets, compared.
| Market | Price | Year over year | Days | Homes sold | Primary programs |
|---|---|---|---|---|---|
| Montana, statewideRedfin, June 2026 | $527,848Median sale price | +5.8% | 85Days on market | Not reported | Conventional, FHA, VA, USDA, Montana Housing |
| MissoulaRedfin, June 2026 | $544,704Median sale price | −0.96% | 58Days on market | 275 | Conventional, VA, USDA just outside town, Montana Housing |
| BozemanRedfin, June 2026 | $644,649Median sale price | −0.81% | 76Days on market | 216 | Conventional, Jumbo, Construction |
| Flathead CountyRedfin, June 2026 | $660,586Median sale price | +5.7% | 62Days on market | 212 | Jumbo, Construction, Land and acreage |
| KalispellRedfin, June 2026 | $524,714Median sale price | +5.0% | 73Days on market | 138 | Conventional, Construction, Land and acreage |
| HelenaRedfin, June 2026 | $439,661Median sale price | +3.5% | 49Days on market | 101 | Conventional, FHA, VA, Montana Housing |
| BillingsZillow, July 31 2026 | $406,266Average home value | +2.4% | 19Median days to pending | Not reported | Conventional, FHA, VA, Montana Housing |
| Great FallsRedfin, June 2026 | $339,715Median sale price | −0.01% | 52Days on market | 222 | VA, USDA, FHA, Montana Housing |
Different sources measure different things. We label which is which instead of averaging them into a number that means nothing.
The seven
Pick your market.
Missoula
Missoula County
A university town with a mountain-town housing problem. The median sits at $544,704, prices are essentially flat year over year, and homes are moving in 58 days, faster than the state average.
Bozeman
Gallatin County
The most expensive metro in Montana and the one where the conforming limit actually bites. The median is $644,649, down slightly year over year, and days on market climbed 13 days to 76.
The Flathead
Flathead County: Kalispell, Whitefish, Bigfork, Columbia Falls
One county, two markets. Flathead County overall runs a $660,586 median, up 5.7 percent, while Kalispell proper sits at $524,714.
Big Sky
Gallatin and Madison Counties
A resort market that behaves like nothing else in Montana. Almost everything here is a second home, a large share is condominium or fractional, and price points routinely clear the high-cost ceiling.
Great Falls
Cascade County
Great Falls is not a market to flatten into a statewide average. It is the most affordable market on this list and the most veteran.
Billings
Yellowstone County
Montana's largest city and its steadiest housing market. The average home value is $406,266, up 2.4 percent, and homes go pending in about 19 days, faster than anywhere else on this list.
Helena
Lewis and Clark County
A state capital, which means stable employment and a housing market that does not swing much. The median is $439,661, up 3.5 percent, and homes move in 49 days, the fastest days-on-market figure on this list.
More Montana markets
Ten more towns we lend in.
Shorter pages than the seven above, because these markets are thinner. Each one names the financing that fits the town and the local thing that stalls files there.
- Belgrade home loansGallatin County
- Livingston home loansPark County
- Hamilton home loansRavalli County
- Butte home loansSilver Bow County
- Dillon home loansBeaverhead County
- Polson home loansLake County
- Columbia Falls home loansFlathead County
- Miles City home loansCuster County
- Havre home loansHill County
- Sidney home loansRichland County
The numbers
Statewide data and Montana Housing programs.
The Montana market
Median sale price, statewide Up 5.8% year over year Source: Redfin, June 2026 | $527,848 |
Median days on market Up 5 days year over year Source: Redfin, June 2026 | 85 days |
2026 conforming loan limit, baseline Source: FHFA, 2026 | $832,750 |
2026 high-cost ceiling Source: FHFA, 2026 Some Montana counties run above the baseline. Above your county limit, the loan is a jumbo, and jumbo is priced and underwritten differently. Ask us your county number. | $1,249,125 |
Montana Housing programs
Regular Bond Program | 5.50% |
Set-aside Program | 5.25% |
80% Combined Program | 5.75% |
Bond Advantage DPA First and second, 15-year term on the second | 5.75% / 5.75% |
MBOH Plus 0% Deferred DPA Income limits $80,000 for one to two people, $90,000 for three or more | 5.75% / 0.00% |
Montana Veterans Home Loan Program Loan limit $538,036. No income or purchase price limits, first-time buyer requirement applies | 4.50% |
Montana Housing, effective 08/07/26. The Veterans program rate resets roughly every two weeks. County income and purchase price limits apply.
Rates and program terms change constantly. These are the numbers as of the dates shown, not a quote and not a lock. Call our Montana team for today's.
Start
Pick your market, then talk to a person.
Published figures describe a market. They do not describe your file. Send us the address and the price and we will tell you which programs will actually close it.
Opens our secure application at bisonteam.floify.com. About 12 minutes.
Calls our Montana team. A person answers, not a call center.