Good Investment

Home appreciation in Great Falls, MT

Over the five years ending 2025, home prices in Great Falls, MT grew an average of 10.8% a year.

Price growth at a glance

1-year

+4.2%

2025 over 2024. Montana: +4.0%.

5-year, per year

+10.8%

Average annual growth, 2020 to 2025. Montana: +10.8%.

10-year, per year

+7.3%

+101.5% in total since 2015. Montana: +7.9%.

How does your home compare?

Great Falls, MT home prices rose 101.5% over the ten years to 2025, while its ZIP codes ranged from +90.3% to +95.4%. Look up your home to see where it ranks among the homes around it.

Your first analysis is free.

A model-generated estimate and analytical context, not investment advice. Investing? Score any property free

How Great Falls, MT compares with Montana

The metro and its state moved almost together over that window. For five-year price growth, Great Falls, MT ranks 54th out of 409 metros nationwide and 4th out of 5 in Montana.

Index, 2005 = 100

Great Falls, MT and Montana, quarterly house price index rebased to 100 in 2005.
YearGreat Falls, MTMontana
2005 Q1100100
2005 Q2103104
2005 Q3104107
2005 Q4106110
2006 Q1108113
2006 Q2110116
2006 Q3115119
2006 Q4115121
2007 Q1117124
2007 Q2118125
2007 Q3121127
2007 Q4123127
2008 Q1124129
2008 Q2123128
2008 Q3123126
2008 Q4123127
2009 Q1126128
2009 Q2126126
2009 Q3123123
2009 Q4122122
2010 Q1121120
2010 Q2121119
2010 Q3121120
2010 Q4121120
2011 Q1122116
2011 Q2122116
2011 Q3120116
2011 Q4121117
2012 Q1123117
2012 Q2122117
2012 Q3126118
2012 Q4126120
2013 Q1128121
2013 Q2129122
2013 Q3129124
2013 Q4126124
2014 Q1127125
2014 Q2130126
2014 Q3132129
2014 Q4130130
2015 Q1131130
2015 Q2134132
2015 Q3132133
2015 Q4135135
2016 Q1135136
2016 Q2138137
2016 Q3137139
2016 Q4136140
2017 Q1139142
2017 Q2140143
2017 Q3144146
2017 Q4144147
2018 Q1148149
2018 Q2147152
2018 Q3148154
2018 Q4149156
2019 Q1148157
2019 Q2151160
2019 Q3153162
2019 Q4155164
2020 Q1160166
2020 Q2157167
2020 Q3160172
2020 Q4164177
2021 Q1169183
2021 Q2177197
2021 Q3189212
2021 Q4194222
2022 Q1208231
2022 Q2221248
2022 Q3223252
2022 Q4226252
2023 Q1224252
2023 Q2246262
2023 Q3241263
2023 Q4254264
2024 Q1252267
2024 Q2254275
2024 Q3258275
2024 Q4266279
2025 Q1268282
2025 Q2258283
2025 Q3276288
2025 Q4272286
2026 Q1279290
2026 Q2273291

Chart through 2026 Q2. Annual growth figures through 2025.

Growth was stronger over the last five years than over the full decade: +7.3% a year over ten years, +101.5% in total.

Over this history, home prices never fell more than 2.3% from a prior peak.

The strongest year was 2022 at +20.5%, and the weakest was 2010 at -2.3%.

In 2025 alone the index moved +4.2%, against +4.0% for the state.

ZIP codes in Great Falls, MT

Over the ten years to 2025, the 3 ZIP codes FHFA measures in this metro ranged from +90.3% in 59404 to +95.4% in 59405, while the metro as a whole rose 101.5%.

ZIP codes in Great Falls, MT ranked by 10-year home-price change through 2025 Column headers are buttons: click to sort, click again to reverse, and a third time to restore the original order.
59405+3.5%+10.5%+6.9%+95.4%
59401-2.3%+9.6%+6.8%+92.3%
59404+1.9%+10.1%+6.6%+90.3%

What a home report shows

Enter an address and you get a score out of 10 for how the home ranks on appreciation potential against comparable homes in its market, with the nearby sales behind it. Here is one saved report.

Example report · saved October 14, 2026

165 N Canal St, Apt 1205, Chicago, IL 60606

Appreciation score

4.1 / 10

Around the median

Where it ranks

Ranks above about 41% of comparable homes in Chicago, IL for appreciation potential.

Price against nearby sales

Priced below most nearby sales, at $300 per square foot across 6 comparable sales.

Read the full example report

Year by year

Annual house price index for Great Falls, MT and Montana, 2005 = 100 Column headers are buttons: click to sort, click again to reverse, and a third time to restore the original order.
2005100.0—100.0
2006108.7+8.7%111.5
2007116.2+6.9%119.4
2008119.5+2.8%121.1
2009120.4+0.7%118.5
2010117.6-2.3%113.7
2011117.7+0.1%110.4
2012120.4+2.3%112.2
2013124.1+3.0%116.4
2014125.9+1.5%121.0
2015129.1+2.6%126.0
2016132.2+2.4%130.8
2017137.4+3.9%137.3
2018143.6+4.5%145.1
2019147.2+2.5%152.5
2020155.6+5.7%161.9
2021176.8+13.6%193.2
2022213.0+20.5%233.5
2023234.0+9.8%247.0
2024249.8+6.8%260.1
2025260.2+4.2%270.5

The 5 measured metros in Montana

Measured metros in Montana ranked by 5-year home-price appreciation through 2025 Column headers are buttons: click to sort, click again to reverse, and a third time to restore the original order.
#
1Missoula, MT+2.9%+11.6%+8.7%
2Helena, MT+4.5%+11.5%+8.2%
3Bozeman, MT+2.5%+11.0%+9.5%
4Great Falls, MT+4.2%+10.8%+7.3%
5Billings, MT+1.8%+8.6%+5.9%

Source & method: Metro figures: FHFA quarterly all-transactions index for metropolitan statistical areas and metropolitan divisions, annualized as the mean of the four quarterly (NSA) values. State figures: FHFA quarterly all-transactions index, annualized as the mean of the four quarterly (NSA) values. The chart uses quarterly readings, with each series set to 100 in the first quarter of 2005. ZIP figures: FHFA annual five-digit ZIP index (developmental), ZIPs with sufficient transaction history. Missing years are reported as missing by FHFA and are not estimated. Each ZIP is placed in the metro that holds the county with most of its housing units. “5-yr /yr” and “10-yr /yr” are compound annual growth over the window ending 2025; all figures are nominal. Data published by the FHFA House Price Index; this edition compiled 2026-10-17. Educational data, not investment advice.

See the Montana row in the state rankings, the county rankings, and, for why one metro number hides so much, why two homes in the same ZIP code appreciate differently.

How does your home compare?

See how your home ranks against nearby homes. Your first analysis is free.

Look up your home

Investing? Score any property free

All metrosState rankings
Share

Measured FHFA data · chart through 2026 Q2