The story of this market
The typical home in Great Falls, Montana sells for about $341,793, or $205 per square foot.
Prices are up +3.3% from a year ago, so sellers still have some momentum. Homes take about 51 days to sell. HUD's fair market rent for a two-bedroom is $1,350 a month.
Monthly price momentum
Home values since 2015
+2.9%
MT · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Great Falls, Montana
The Great Falls housing market shows signs of stabilization with moderate price growth and a balanced inventory level. While sellers are increasingly adjusting prices to meet buyer expectations, the market remains competitive for well-priced homes. Economic stability provided by major local employers continues to support steady demand.
No ARED county foreclosure postings attributed to Great Falls yet — the verified ledger covers every county the foreclosure ingest has read, attributed by published city area. Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
Median prices moved up 3.3% year over year.
Homes spend a median of 51 days on market with 4.2 months of supply — a fast-moving market.
46% of listings have cut prices · homes sell at 98.5% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.8% · poverty 14.5% — a stable, low-distress profile.
- Electric City Water Park4.10.4 mi
- Flippin' Family Fun4.24 mi
- Sip 'n Dip Lounge (1962)4.40.3 mi
- Montana ExpoPark4.31.1 mi
- The Wild Hare4.30.1 mi
- Black Eagle Community Center4.31.9 mi
- Four Seasons Arena4.31.1 mi
- Giant Springs State Park4.83.9 mi
- C. M. Russell Museum4.70.8 mi
- The Lewis and Clark Interpretive Center4.83.5 mi
- First Peoples Buffalo Jump State Park4.710.6 mi
- Gibson Park4.60.4 mi
- C. M. Russell Museum4.70.8 mi
- The Lewis and Clark Interpretive Center4.83.5 mi
- Paris Gibson Square Museum of Art4.60.9 mi
- Malmstrom Museum and Air Park4.44.7 mi
- The History Museum4.50.4 mi
- Giant Springs State Park4.83.9 mi
- First Peoples Buffalo Jump State Park4.710.6 mi
- Gibson Park4.60.4 mi
- Wadsworth Park4.34.1 mi
- Ryan Dam4.79.5 mi
- Anaconda Hills Golf Course4.32.2 mi
- Eagle Falls Golf Club3.92.2 mi
- Hickory Swing Golf Course4.61.4 mi
- Smith's4.32.4 mi
- Albertsons4.31.7 mi
- T.J. Maxx4.31.1 mi
- Albertsons4.41.1 mi
- Ross Dress for Less41.1 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
The amenity base that shapes daily life and property demand in this city — what residents actually live with, and what the pipeline is adding.
A historic park featuring walking paths, gardens, and a bandshell. It serves as a central gathering place for community events.
A world-class museum dedicated to the art of the American West. It is a major cultural anchor for the city.
A multi-use trail system spanning the riverfront. It provides residents with significant outdoor recreation and connectivity.
Great Falls is well-suited for families and professionals seeking a balance between urban amenities and access to Montana's outdoor lifestyle. It attracts those looking for a lower cost of living compared to larger national metros while maintaining essential services. The city is also a viable market for long-term investors looking for stable, income-producing residential properties.
The Great Falls Public Schools district serves the majority of the city, offering a range of educational opportunities from elementary through high school. While performance varies by campus, the district is the primary educational anchor for the community. Residents generally find the school quality to be consistent with regional standards for a city of this size.
Great Falls is served by major highway corridors including I-15 and US-87, facilitating regional travel. The city's transit infrastructure is primarily focused on road connectivity, with a relatively short average commute time for residents.
Great Falls offers extensive recreational opportunities, anchored by the Missouri River and its surrounding trail systems. Residents enjoy access to numerous city parks, golf courses, and the C.M. Russell Museum. The city's proximity to outdoor wilderness areas makes it a destination for those seeking hiking, fishing, and winter sports.
The rental market in Great Falls is characterized by steady demand driven by the local workforce and military personnel. Vacancy rates remain relatively low, supporting consistent rent growth over the past few years. Investor interest is present, though the market is primarily dominated by long-term residential rentals rather than short-term vacation units.
The economy is anchored by healthcare, government, and the military, with Malmstrom Air Force Base serving as a major employer. The city maintains a stable industry mix that provides consistent employment opportunities for the region.
Great Falls serves as a regional hub for healthcare, retail, and government services, providing a stable economic foundation. Development momentum is supported by ongoing infrastructure projects and the presence of Malmstrom Air Force Base. The city's economy is characterized by a mix of public sector employment and a growing service industry.
Current planning efforts are focused on downtown revitalization and the expansion of residential housing stock to meet growing demand. Infrastructure upgrades are prioritized to support long-term city growth.
Parcels in Great Falls are subject to various special districts, including those for fire protection, water and sewer services, and local school funding. These districts are managed at the county and municipal levels to ensure service delivery.
Great Falls experiences crime rates that are generally higher than the Montana state average, with property crime being the primary concern. Local law enforcement continues to focus on community-based policing to address these trends. Regional comparisons indicate it remains one of the more urbanized crime environments in the state.
The city faces moderate risks related to winter weather and occasional high winds, which are characteristic of the Montana plains. Flood risks are primarily managed along the Missouri River corridor through established zoning and infrastructure. Insurance markets remain stable, though homeowners are encouraged to maintain adequate coverage for severe weather events.
Property insurance in the region is influenced by exposure to severe weather, including wind and winter storms. Premiums have seen moderate increases, reflecting broader national trends in hazard risk management.
Property taxes in Great Falls are determined by the state-mandated assessment process, with mill levies set by local government, school districts, and the county. The city operates under a standard municipal tax structure without local sales tax, relying heavily on property assessments to fund public services. Special districts for fire and water services may apply to specific parcels.
Researched annual trajectory for this city, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this city's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Data retrieved from Census Reporter profiles for Great Falls city, MT.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.