Home Value Trail

States › Montana › 2018

State, one year

Montana in 2018

Index change and building permits for the year, with every county.

In 2018 the FHFA house price index for Montana changed +6.0%, against +5.7% for the United States and +5.4% in 2017.

5,099 housing units were authorised by building permits in the state that year (3,213 single-family), +3.4% on 2017; the national total was 1,328,827.

+6.0%Montana index, 2017–2018US +5.7%
5,099housing units permitted in 20183,213 single-family
34 of 42counties with a rising indexmedian county +4.4%
1,328,827units permitted nationally in 2018
← 2017Montana overview2019 →

Counties in 2018

Ranked by the county index change from 2017 to 2018 (FHFA annual county index). Permits are units authorised in 2018; per 1,000 uses the vintage 2025 population.

CountyIndex change 2018Units permittedSingle-familyPer 1,000
Pondera County+15.1%000.0
Park County+14.5%69253.8
Glacier County+12.3%000.0
Teton County+11.7%110.2
Deer Lodge County+11.5%880.8
Broadwater County+11.1%000.0
Lincoln County+10.1%770.3
Gallatin County+9.4%1,62091912.6
Jefferson County+9.3%970.7
Silver Bow County+9.3%185555.1
Ravalli County+8.8%27190.6
Sweet Grass County+7.9%000.0
Flathead County+7.3%4662344.0
Madison County+7.3%550.5
Powell County+6.6%38385.3
Carbon County+6.5%10100.9
Missoula County+6.2%6894595.6
Lake County+6.0%1580.4
Lewis and Clark County+5.9%186552.5
Musselshell County+5.5%220.4
Cascade County+4.6%1441321.7
Valley County+4.4%550.7
Toole County+4.2%000.0
Stillwater County+3.7%220.2
Sanders County+3.5%000.0
Granite County+3.2%000.0
Beaverhead County+3.1%1571.5
Phillips County+2.5%110.2
Sheridan County+2.4%000.0
Hill County+2.3%110.1
Yellowstone County+2.3%1,4661,1488.5
Roosevelt County+1.3%220.2
Fergus County+0.8%330.3
Dawson County+0.3%110.1
Custer County−0.2%110.1
Mineral County−0.3%220.4
Big Horn County−0.4%000.0
Richland County−0.7%13131.1
Chouteau County−3.7%33175.6
Fallon County−3.8%561118.9
Meagher County−4.2%000.0
Rosebud County−5.4%000.0

Permits by year, 1995–2025

Housing units authorised in Montana by year05,00010,0001995: 3,064 units (1,708 single-family, 1,356 in multi-unit buildings)19951996: 2,678 units (1,494 single-family, 1,184 in multi-unit buildings)1997: 2,472 units (1,501 single-family, 971 in multi-unit buildings)1998: 2,561 units (1,485 single-family, 1,076 in multi-unit buildings)1999: 2,566 units (1,607 single-family, 959 in multi-unit buildings)2000: 2,572 units (1,565 single-family, 1,007 in multi-unit buildings)20002001: 2,604 units (1,790 single-family, 814 in multi-unit buildings)2002: 3,574 units (2,050 single-family, 1,524 in multi-unit buildings)2003: 3,767 units (2,340 single-family, 1,427 in multi-unit buildings)2004: 4,975 units (3,425 single-family, 1,550 in multi-unit buildings)2005: 4,803 units (3,459 single-family, 1,344 in multi-unit buildings)20052006: 4,542 units (3,405 single-family, 1,137 in multi-unit buildings)2007: 4,153 units (3,035 single-family, 1,118 in multi-unit buildings)2008: 2,376 units (1,909 single-family, 467 in multi-unit buildings)2009: 1,686 units (1,363 single-family, 323 in multi-unit buildings)2010: 2,022 units (1,322 single-family, 700 in multi-unit buildings)20102011: 1,914 units (1,208 single-family, 706 in multi-unit buildings)2012: 2,736 units (1,734 single-family, 1,002 in multi-unit buildings)2013: 4,854 units (2,620 single-family, 2,234 in multi-unit buildings)2014: 3,884 units (2,044 single-family, 1,840 in multi-unit buildings)2015: 4,826 units (2,992 single-family, 1,834 in multi-unit buildings)20152016: 4,781 units (3,113 single-family, 1,668 in multi-unit buildings)2017: 4,932 units (3,161 single-family, 1,771 in multi-unit buildings)2018: 5,099 units (3,213 single-family, 1,886 in multi-unit buildings)2019: 4,776 units (3,014 single-family, 1,762 in multi-unit buildings)2020: 5,980 units (3,318 single-family, 2,662 in multi-unit buildings)20202021: 7,272 units (3,169 single-family, 4,103 in multi-unit buildings)2022: 6,460 units (3,190 single-family, 3,270 in multi-unit buildings)2023: 4,307 units (2,274 single-family, 2,033 in multi-unit buildings)2024: 5,367 units (3,036 single-family, 2,331 in multi-unit buildings)2025: 5,258 units (2,675 single-family, 2,583 in multi-unit buildings)2025

Housing units authorised in Montana by yearsingle-family2+ unit buildings

Source: Federal Housing Finance Agency annual state and county house price indexes (updated March 31, 2026); Census Bureau Building Permits Survey annual state and county files. Public domain. Methodology.