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Home appreciation in Missoula, MT

Over the five years ending 2025, home prices in Missoula, MT grew an average of 11.6% a year.

Price growth at a glance

1-year

+2.9%

2025 over 2024. Montana: +4.0%.

5-year, per year

+11.6%

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

10-year, per year

+8.7%

+131.2% in total since 2015. Montana: +7.9%.

How does your home compare?

Missoula, MT home prices rose 131.2% over the ten years to 2025, while its ZIP codes ranged from +103.8% to +127.3%. 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 Missoula, MT compares with Montana

Montana averaged +10.8% a year, so Missoula, MT grew faster than the state overall. For five-year price growth, Missoula, MT ranks 21st out of 409 metros nationwide and 1st out of 5 in Montana.

Index, 2005 = 100

Missoula, MT and Montana, quarterly house price index rebased to 100 in 2005.
YearMissoula, MTMontana
2005 Q1100100
2005 Q2103104
2005 Q3106107
2005 Q4109110
2006 Q1109113
2006 Q2114116
2006 Q3116119
2006 Q4118121
2007 Q1119124
2007 Q2121125
2007 Q3121127
2007 Q4121127
2008 Q1122129
2008 Q2122128
2008 Q3119126
2008 Q4120127
2009 Q1121128
2009 Q2119126
2009 Q3117123
2009 Q4117122
2010 Q1113120
2010 Q2113119
2010 Q3116120
2010 Q4114120
2011 Q1110116
2011 Q2109116
2011 Q3110116
2011 Q4111117
2012 Q1111117
2012 Q2111117
2012 Q3112118
2012 Q4113120
2013 Q1113121
2013 Q2115122
2013 Q3114124
2013 Q4115124
2014 Q1117125
2014 Q2116126
2014 Q3118129
2014 Q4120130
2015 Q1121130
2015 Q2123132
2015 Q3124133
2015 Q4123135
2016 Q1127136
2016 Q2127137
2016 Q3130139
2016 Q4132140
2017 Q1134142
2017 Q2136143
2017 Q3138146
2017 Q4139147
2018 Q1141149
2018 Q2145152
2018 Q3144154
2018 Q4148156
2019 Q1147157
2019 Q2154160
2019 Q3155162
2019 Q4157164
2020 Q1159166
2020 Q2160167
2020 Q3165172
2020 Q4173177
2021 Q1178183
2021 Q2196197
2021 Q3215212
2021 Q4218222
2022 Q1236231
2022 Q2248248
2022 Q3251252
2022 Q4258252
2023 Q1250252
2023 Q2261262
2023 Q3264263
2023 Q4262264
2024 Q1264267
2024 Q2276275
2024 Q3278275
2024 Q4285279
2025 Q1278282
2025 Q2284283
2025 Q3288288
2025 Q4285286
2026 Q1288290
2026 Q2285291

Chart through 2026 Q2. Annual growth figures through 2025.

Growth was stronger over the last five years than over the full decade: +8.7% a year over ten years, +131.2% in total.

Over this history, home prices peaked in 2008, fell 9.2% to its 2011 low, and regained the 2008 level in 2015.

The strongest year was 2022 at +23.2%, and the weakest was 2010 at -3.8%.

In 2025 alone the index moved +2.9%, against +4.0% for the state.

ZIP codes in Missoula, MT

Over the ten years to 2025, the 7 ZIP codes FHFA measures in this metro ranged from +103.8% in 59808 to +127.3% in 59804, while the metro as a whole rose 131.2%.

ZIP codes in Missoula, 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.
59804-1.0%+12.2%+8.6%+127.3%
59847+2.3%+10.8%+8.5%+126.1%
59834+11.4%+11.4%+8.5%+125.2%
59802+2.3%+11.0%+8.4%+124.8%
59803+4.6%+11.3%+8.3%+123.0%
59801-0.8%+10.6%+8.3%+121.2%
59808-1.5%+10.3%+7.4%+103.8%

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 Missoula, 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
2006109.4+9.4%111.5
2007115.4+5.5%119.4
2008115.8+0.3%121.1
2009113.4-2.1%118.5
2010109.1-3.8%113.7
2011105.2-3.6%110.4
2012107.0+1.7%112.2
2013109.4+2.3%116.4
2014112.5+2.8%121.0
2015117.5+4.4%126.0
2016123.7+5.3%130.8
2017131.0+5.8%137.3
2018138.4+5.7%145.1
2019146.8+6.1%152.5
2020157.1+7.0%161.9
2021193.1+22.9%193.2
2022237.8+23.2%233.5
2023248.3+4.4%247.0
2024263.8+6.3%260.1
2025271.6+2.9%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