Missoula Real Estate Factoids
Source: Missoula Organization of Realtors State of the Housing Report 2021
Missoula Median Priced House in 2020
$350,000
Numbers of Units Sold
1652
Missoula Median Priced House in 2021 Quarter 1
$420,000
Number of Units Sold
237
Missoula Rental Prices in 2020
Median monthly rent/individual in Missoula County $863
Vacancy Rate for Rentals in Missoula County
Between 1 and 2 %. Healthy is 5-10 %
No. of Building Permits Missoula City and County
791
In 2020, residential building permits increased by 20 percent in the City and 5.3 percent in the County:
Multi-family permits increased by 60.2 percent (combined City/County).
Single-family permits increased by 9.6 percent in the County.
Single-family permits declined by 18 percent in the City of Missoula.
Permits for all unit types was 2.6 percent below the 5-year average.
No. of Preliminary Lots Created in City of Missoula
538
These 550 lots will be officially created and available for new home construction once their respective Final Plat approvals are granted. Final Plat approvals usually take several years to complete, meaning that 550 lots that were preliminarily approved in 2020 are not available for immediate development yet.