State · MT

Montana

Data as of November 2024· Sources: Zillow ZHVI/ZORI, Census ACS

Strategy

Median home value

$452k

+2.0%

Zillow ZHVI

Median rent

$1,550/mo

+3.5%

Zillow ZORI

Gross yield

4.12%

Rent × 12 / value

Rent/price ratio

0.000%

1% rule benchmark

Median household income

$72,980

Census ACS

Owner-occupied

68.5%

Census ACS

Renter-occupied

31.5%

Census ACS

Population

Census ACS

What this means for LTR investors

Gross yield of 4.12% is below the 7% LTR sweet spot; you'd lean on appreciation here.

Rent grew 3.5% YoY while values moved 2.0%. That gap drives whether yield compresses or expands over time.

Renter share is 32% - a deep renter pool means lower vacancy risk in Montana.

Median income of $72,980 sets the affordability ceiling on rent growth.