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Missoula

Learn about the people, housing, costs and businesses in Missoula

Median Home$489,552
Median Rent$1,247/month
Population125,631
Leading IndustriesConstruction · Agriculture & Mining · Arts, Food & Hospitality3% construction
Home Value Growth⬆⬆+16.7% over 2 years
Young Adults36% of residentswell above average
Homeowners60% of occupied units
NotableHighly Educated29% bachelor's · 12% graduate · top 4% nationally
NotableVeteran Community9% of residents · top 18% nationally
Missoula

Frequently Asked Questions

What are today's mortgage rates in Missoula?

Mortgage rates for Missoula 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.

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What is the median home price in Missoula?

The median home value in Missoula is $490k. The median monthly rent is $1,247. Annual property taxes average $4k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Missoula?

Home values in Missoula have increased 16.7% 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 Missoula?

Based on a typical all-in ownership cost of $1,352/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $58k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Missoula is $79k/year.

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What industries drive the economy in Missoula?

The largest employment sectors in Missoula are public administration (25%) and healthcare (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.