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State, one year

Montana in 2025

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

In 2025 the FHFA house price index for Montana changed +2.3%, against +2.8% for the United States and +5.2% in 2024.

5,258 housing units were authorised by building permits in the state that year (2,675 single-family), −2.0% on 2024; the national total was 1,431,616.

+2.3%Montana index, 2024–2025US +2.8%
5,258housing units permitted in 20252,675 single-family
27 of 35counties with a rising indexmedian county +1.8%
1,431,616units permitted nationally in 2025
← 2024Montana overview

Counties in 2025

Ranked by the county index change from 2024 to 2025 (FHFA annual county index). Permits are units authorised in 2025; per 1,000 uses the vintage 2025 population.

CountyIndex change 2025Units permittedSingle-familyPer 1,000
Sweet Grass County+16.2%200.5
Lincoln County+11.6%2761.2
Phillips County+9.1%000.0
Mineral County+8.9%330.6
Rosebud County+8.8%220.2
Beaverhead County+8.6%42104.2
Sanders County+8.0%000.0
Hill County+7.9%110.1
Richland County+7.3%110.1
Teton County+7.2%220.3
Jefferson County+6.4%20111.5
Lewis and Clark County+5.1%193552.6
Musselshell County+4.4%731.3
Silver Bow County+3.9%130813.6
Lake County+3.5%76222.3
Cascade County+2.9%2531533.0
Flathead County+2.0%8301967.2
Deer Lodge County+1.8%22222.3
Missoula County+1.7%8864237.2
Ravalli County+1.7%55381.1
Yellowstone County+1.2%9976855.8
Custer County+0.9%410.3
Park County+0.9%000.0
Carbon County+0.4%32242.8
Toole County+0.3%000.0
Fergus County+0.1%220.2
Gallatin County+0.1%1,54484312.0
Pondera County−0.1%000.0
Broadwater County−0.4%330.4
Dawson County−1.1%000.0
Granite County−1.7%000.0
Glacier County−2.0%000.0
Madison County−6.4%750.7
Stillwater County−6.8%000.0
Valley County−7.4%000.0
Big Horn County—000.0
Chouteau County—18183.1
Fallon County—421.4
Meagher County—000.0
Powell County—885812.3
Roosevelt County—000.0
Sheridan 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.