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Home appreciation in Helena, MT

Over the five years ending 2025, home prices in Helena, MT grew an average of 11.5% a year.

Price growth at a glance

1-year

+4.5%

2025 over 2024. Montana: +4.0%.

5-year, per year

+11.5%

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

10-year, per year

+8.2%

+119.4% in total since 2015. Montana: +7.9%.

How does your home compare?

Helena, MT home prices rose 119.4% over the ten years to 2025, while its ZIP codes ranged from +102.8% to +164.1%. 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 Helena, MT compares with Montana

Montana averaged +10.8% a year, so Helena, MT grew faster than the state overall. For five-year price growth, Helena, MT ranks 22nd out of 409 metros nationwide and 2nd out of 5 in Montana.

Index, 2005 = 100

Helena, MT and Montana, quarterly house price index rebased to 100 in 2005.
YearHelena, MTMontana
2005 Q1100100
2005 Q2102104
2005 Q3107107
2005 Q4112110
2006 Q1113113
2006 Q2118116
2006 Q3124119
2006 Q4127121
2007 Q1131124
2007 Q2133125
2007 Q3137127
2007 Q4138127
2008 Q1138129
2008 Q2137128
2008 Q3137126
2008 Q4136127
2009 Q1138128
2009 Q2136126
2009 Q3135123
2009 Q4134122
2010 Q1131120
2010 Q2129119
2010 Q3131120
2010 Q4132120
2011 Q1127116
2011 Q2127116
2011 Q3129116
2011 Q4129117
2012 Q1130117
2012 Q2129117
2012 Q3129118
2012 Q4133120
2013 Q1132121
2013 Q2132122
2013 Q3133124
2013 Q4133124
2014 Q1135125
2014 Q2135126
2014 Q3138129
2014 Q4137130
2015 Q1138130
2015 Q2141132
2015 Q3141133
2015 Q4143135
2016 Q1143136
2016 Q2145137
2016 Q3146139
2016 Q4149140
2017 Q1145142
2017 Q2153143
2017 Q3154146
2017 Q4151147
2018 Q1156149
2018 Q2160152
2018 Q3164154
2018 Q4163156
2019 Q1168157
2019 Q2167160
2019 Q3170162
2019 Q4173164
2020 Q1174166
2020 Q2175167
2020 Q3182172
2020 Q4185177
2021 Q1193183
2021 Q2212197
2021 Q3222212
2021 Q4237222
2022 Q1246231
2022 Q2266248
2022 Q3273252
2022 Q4276252
2023 Q1273252
2023 Q2280262
2023 Q3290263
2023 Q4287264
2024 Q1290267
2024 Q2297275
2024 Q3294275
2024 Q4301279
2025 Q1308282
2025 Q2313283
2025 Q3309288
2025 Q4306286
2026 Q1315290
2026 Q2309291

Chart through 2026 Q2. Annual growth figures through 2025.

Growth was stronger over the last five years than over the full decade: +8.2% a year over ten years, +119.4% in total.

Over this history, home prices peaked in 2008, fell 6.4% to its 2011 low, and regained the 2008 level in 2015.

The strongest year was 2022 at +22.8%, and the weakest was 2010 at -3.6%.

In 2025 alone the index moved +4.5%, against +4.0% for the state.

ZIP codes in Helena, MT

Over the ten years to 2025, the 6 ZIP codes FHFA measures in this metro ranged from +102.8% in 59634 to +164.1% in 59759, while the metro as a whole rose 119.4%.

ZIP codes in Helena, 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.
59759+22.1%+14.2%+10.2%+164.1%
59644-0.9%+10.6%+8.4%+124.6%
59635+1.5%+10.9%+8.1%+118.5%
59602+7.2%+11.3%+7.8%+111.2%
59601+3.7%+10.5%+7.6%+107.6%
59634+14.0%+11.4%+7.3%+102.8%

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 Helena, 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
2006114.0+14.0%111.5
2007127.6+11.9%119.4
2008129.7+1.7%121.1
2009128.4-1.0%118.5
2010123.7-3.6%113.7
2011121.4-1.9%110.4
2012123.2+1.5%112.2
2013125.4+1.8%116.4
2014129.2+3.0%121.0
2015133.4+3.3%126.0
2016137.9+3.4%130.8
2017143.0+3.7%137.3
2018152.2+6.4%145.1
2019160.7+5.6%152.5
2020169.7+5.6%161.9
2021204.7+20.6%193.2
2022251.3+22.8%233.5
2023267.6+6.5%247.0
2024280.0+4.6%260.1
2025292.7+4.5%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

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Measured FHFA data · chart through 2026 Q2