Safe Rate Local

Great Falls

Learn about the people, housing, costs and businesses in Great Falls

Median Home$271,669
Median Rent$1,058/month
Population84,606
Leading IndustriesConstruction · Wholesale Trade · Agriculture & Mining3% construction
Home Value Growth⬆⬆+19.3% over 2 years
Retirees20% of residentsslightly above average
Homeowners69% of occupied units
NotableVeteran Community13% of residents · top 5% nationally
Great Falls

Frequently Asked Questions

What are today's mortgage rates in Great Falls?

Mortgage rates for Great Falls are updated daily on Safe Rate using live investor pricing. Rates depend on your credit score, loan type (Conventional, FHA, VA, Jumbo), and down payment. A 30-year fixed rate is the most common product for home purchases.

View current rates for Great Falls
What is the median home price in Great Falls?

The median home value in Great Falls is $272k. The median monthly rent is $1,058. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Great Falls?

Home values in Great Falls have increased 19.3% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Great Falls?

Based on a typical all-in ownership cost of $1,056/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $45k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Great Falls is $71k/year.

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What industries drive the economy in Great Falls?

The largest employment sectors in Great Falls are public administration (26%) and wholesale trade (9%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.