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your homegrown newspaper July 30, 2025
Vol. 21, No. 47
Typical Montana home value up 66% in four years Med student pg. 5
Factoring in higher interest rates, the cost of Montana home ownership is more than twice what it was pre-pandemic. By Eric Dietrich, Montana Free Press
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Museum grant pg. 6
4-H Support pg. 7
ontana’s typical home value has increased by two-thirds in four years, according to new valuations published this month by the Montana Department of Revenue. The department estimates that the median residential property in Montana was worth $378,000 as of the beginning of last year. Four years previously, before the state housing market blew up during the COVID-19 pandemic, the median value was $228,000 — meaning values have increased 66%. The department’s valuations, produced every other year for the purpose of calculating property
SUMMER GODDARD / VALLEY JOURNAL PHOTO
The typical Montana home value has gone up in value 66% over the last four years, according to data from the state Department of Revenue.
tax bills, are a somewhat delayed look at Montana’s real estate market. The new figures represent the department’s effort to estimate market conditions as of Jan. 1, 2024.
However, because state law keeps sale prices for individual properties private, the tax valuation data is one of the most comprehensive measures available for the Montana w w w.va l le yj our na l.net
housing market at a time when housing affordability — and property tax bills — are major points of public concern. The valuations indicate that the potential
market price for the median residential property statewide increased by 35% during the 2023 reappraisal cycle, which see page 2