2024 · Montana
Rental yield in Montana
In 2024, the typical rental in Montana produced a gross yield of 3.3% — $1,177/mo median rent against a $425K median home value, ranking 49th of 51 states.
3.3%
Gross rental yield
below the 4.9% U.S. median
$1,177/mo
Median gross rent
incl. utilities (ACS)
$425K
Median home value
owner-occupied (ACS)
Montana metros by yield
Metropolitan areas in Montana with at least 65,000 residents, ranked by gross rental yield.
| Metro | Gross yield | Median rent | Median value |
|---|---|---|---|
| Great Falls, MT | 4.1% | $1,058/mo | $307K |
| Billings, MT | 3.7% | $1,170/mo | $384K |
| Bozeman, MT | 3.1% | $1,917/mo | $734K |
| Missoula, MT | 2.9% | $1,332/mo | $550K |
| Helena, MT | 2.8% | $1,099/mo | $477K |
Frequently asked questions
What is the gross rental yield in Montana?
In 2024, Montana had a gross rental yield of 3.3% — $1,177/mo median gross rent against a $425K median home value. That ranks 49th of 51 states (1 = highest yield). Nationally the figure was 4.9%.
Which Montana metros have the best rental yield?
Among Montana metros covered by the data, gross yield was highest in Great Falls, MT (4.1%), Billings, MT (3.7%), and Bozeman, MT (3.1%).
Does this account for expenses or financing?
No. Gross yield is a top-line market screen — it excludes property taxes, insurance, vacancy, management, and financing. Use it to compare markets, then run a specific deal through a cap-rate or cash-flow calculator.
How investors finance deals in Montana
Yield shows where the numbers work; our Investor Financing Report for Montana shows the rate premium, denial rate, and DSCR lending investors face there.
Run a Montana deal
Source: U.S. Census Bureau, American Community Survey 2024 1-year estimates. Gross rental yield = (median gross rent × 12) ÷ median home value. A market screen, not a net return.