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State, one year

Montana in 2023

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

In 2023 the FHFA house price index for Montana changed +6.9%, against +5.7% for the United States and +20.7% in 2022.

4,307 housing units were authorised by building permits in the state that year (2,274 single-family), −33.3% on 2022; the national total was 1,511,102.

+6.9%Montana index, 2022–2023US +5.7%
4,307housing units permitted in 20232,274 single-family
34 of 39counties with a rising indexmedian county +7.6%
1,511,102units permitted nationally in 2023
← 2022Montana overview2024 →

Counties in 2023

Ranked by the county index change from 2022 to 2023 (FHFA annual county index). Permits are units authorised in 2023; per 1,000 uses the vintage 2025 population.

CountyIndex change 2023Units permittedSingle-familyPer 1,000
Musselshell County+23.6%550.9
Sanders County+17.7%000.0
Richland County+15.0%000.0
Custer County+14.2%000.0
Powell County+13.6%46466.4
Beaverhead County+12.9%15111.5
Valley County+12.4%110.1
Toole County+11.8%000.0
Fergus County+11.5%330.3
Carbon County+10.6%56544.9
Cascade County+10.3%1511431.8
Silver Bow County+9.6%100632.8
Broadwater County+9.0%220.2
Lewis and Clark County+8.6%3141034.2
Hill County+7.9%110.1
Jefferson County+7.9%16161.2
Meagher County+7.8%000.0
Deer Lodge County+7.7%21192.2
Mineral County+7.6%440.8
Park County+7.6%31311.7
Rosebud County+7.5%000.0
Stillwater County+7.4%330.3
Ravalli County+7.0%42240.9
Glacier County+5.8%000.0
Flathead County+5.7%6221575.4
Lake County+5.6%11110.3
Missoula County+5.3%6563095.3
Yellowstone County+5.2%2902861.7
Lincoln County+4.9%16100.7
Teton County+4.4%330.5
Gallatin County+3.7%1,86493514.5
Fallon County+3.5%000.0
Phillips County+2.4%110.2
Madison County+1.6%11111.1
Pondera County−1.0%220.3
Dawson County−2.1%000.0
Roosevelt County−5.1%000.0
Sheridan County−8.9%220.6
Granite County−12.1%000.0
Big Horn County—000.0
Chouteau County—16162.7
Sweet Grass County—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.