Department of Numbers

Housing Units, Population and Cost Rank Measures for Montana

Here we explore the evolution and dynamics of the housing supply in Montana, the relative cost of Montana housing, the housing mix and the change in Montana population. Housing supply here is defined as the number of housing units (i.e: houses, condos, apartments etc..). For this analysis, the Montana population number we're most interested in is the 18 and over population since the under 18 population typically isn't a buyer or renter in the housing market. All data on this page comes from the Census ACS 1 year survey. Jump to Montana sections: housing units, housing cost, housing mix, population.

Housing Units and 18+ Population for Montana

The data below track the total number of housing units in Montana, the total 18 and over population in Montana and the ratio of the 18 and over Montana population to the number of housing units. Over the past 5 years, the number of Montana housing units increased by 5.78% while the 18 and over population increased by 5.42%. As a result, the ratio of the 18 and over population to housing units decreased from 1.626 to 1.620. A lower population to housing units ratio means there are more housing units available per person in the region.

2019 1 Year Change 5 Year Change
Montana Housing Units 519,938 +0.93% +5.78%
Montana 18+ Population 842,254 +1.19% +5.42%
Montana 18+ Pop. / Units 1.620 +0.004 -0.006

Montana 18+ Population to Units Ratio Trends: Montana, US

Montana Housing Units and 18+ Population History

Date Montana Housing Units Montana 18+ Population Montana 18+ Pop. / Units
2019 519,938 842,254 1.620
2018 515,161 832,340 1.616
2017 510,408 820,598 1.608
2016 497,749 813,846 1.635
2015 494,222 806,722 1.632
2014 491,515 798,957 1.626
2013 485,767 791,069 1.628
2012 486,161 785,001 1.615
2011 489,183 775,128 1.584
2010 483,006 768,298 1.591
2009 441,318 753,433 1.707
2008 438,337 745,238 1.700

more history ...

Montana Relative Housing Cost Percentile by Price and Rent

This data shows where Montana falls in the distribution of home prices and rent compared to other states (and D.C.). The higher the percentile, the more expensive the region is compared to the rest of the country. In 2019, Montana was at the 60.78% percentile for home prices and the 23.53% percentile for the cost of rent. Over the past 5 years, Montana home prices have become less expensive compared to the rest of the country and rent in Montana has become more expensive over the past 5 years relative to the rest of the country.

Montana Home Price and Rent Percentile

2019 1 Year Change
(delta)		 5 Year Change
(delta)
Montana Home Price Percentile 60.78% -3.93% -1.97%
Montana Rent Percentile 23.53% +1.96% +11.77%

Montana Trends in Home Price and Rent Percentile: Montana, US

Montana Home Price and Rent Percentile History

Date Montana Home Price Percentile Montana Rent Percentile
2019 60.78% 23.53%
2018 64.71% 21.57%
2017 64.71% 13.73%
2016 62.75% 11.76%
2015 60.78% 23.53%
2014 62.75% 11.76%
2013 62.75% 11.76%
2012 62.75% 15.69%
2011 64.71% 13.73%
2010 60.78% 13.73%
2009 50.98% 13.73%
2008 50.98% 19.61%

more history ...

Montana Housing Units: Owner Occupied, Renter Occupied and Vacant

The data below shows the number of housing units in Montana by type. Over the past 5 years, the number of housing units held by owner occupiers increased by 10.48% while the total number of rented units in Montana decreased by 1.38%. Units that were vacant1 increased by 2.15% over the last 5 years.

Montana Changes in Owned, Rented and Vacant Units

2019 1 Year Change 5 Year Change
Montana Owner Occ. Units 301,456 +3.59% +10.48%
Montana Renter Occ. Units 136,195 -3.00% -1.38%
Montana Vacant Units 82,287 -1.74% +2.15%

Montana Housing Share Trends: Owned, Rented and Vacant: Owned, Rented, Vacant

The chart below shows the share of each housing type in Montana as a fraction of total housing units.

Montana Owned, Rented and Vacant Units History

Date Montana Owner Occ. Units Montana Renter Occ. Units Montana Vacant Units
2019 301,456 136,195 82,287
2018 291,018 140,403 83,740
2017 292,585 130,506 87,317
2016 282,995 133,130 81,624
2015 276,490 138,314 79,418
2014 272,856 138,106 80,553
2013 271,719 134,569 79,479
2012 274,196 134,742 77,223
2011 274,570 129,680 84,933
2010 280,633 122,114 80,259
2009 259,779 115,508 66,031
2008 257,354 118,244 62,739

more history ...

Montana Population

This data shows the population of Montana for the under 18 category and the 18 and over category. In the last 5 years the under 18 population has increased by 0.85% while the 18 and over population has increased by 5.42%.The total population of Montana has increased by 4.42% in the last 5 years.

Changes in Montana Population

2019 1 Year Change 5 Year Change
Montana Population Under 18 226,524 -1.50% +0.85%
Montana Population 18+ 842,254 +1.19% +5.42%
Montana Total Population 1,068,778 +0.61% +4.42%

Montana Population Age Share: Under 18, 18 and Over: 18+, Under 18

Montana Population History

Date Montana Population Under 18 Montana Population 18+ Montana Total Population
2019 226,524 842,254 1,068,778
2018 229,965 832,340 1,062,305
2017 229,895 820,598 1,050,493
2016 228,674 813,846 1,042,520
2015 226,227 806,722 1,032,949
2014 224,622 798,957 1,023,579
2013 224,096 791,069 1,015,165
2012 220,140 785,001 1,005,141
2011 223,071 775,128 998,199
2010 222,600 768,298 990,898
2009 221,556 753,433 974,989
2008 222,202 745,238 967,440

more history ...

1. The Census defines a vacant unit as belonging to the following set: For rent, Rented not occupied, For sale only, Sold not occupied, For seasonal or recreational or other occasional use, For migrant workers, Other vacant. ↩

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