Montana Rental Overview
The population of Montana, according to the 2010 Census, is 989,415.
The total number of households in the state is 409,607.
The average household size for Montana is 2.3.
The total number of renter households
in the state is 131,189 which means that
households are renter households.
Compared to all other U.S. States, Montana
is ranked 30th in percentage of renters.
District Of Columbia is ranked first with 57.99%
and West Virginia ranks last with only 26.55%.
According to the Census Bureau’s American Community Survey, the median rent paid among all renter households and
housing types and sizes in Montana is $683 per month.
Ranked against all other states in the country, Montana ranks 46th
for the highest median rent. Hawaii ranks first at
$1,387 and West Virginia ranks last at
Though rents are set more locally, statewide median rents provide a basic outlook of housing costs for each state.
The number of vacant rental units in Montana is 9,461
representing a vacancy rate of 6.9%. Among all U.S. states,
Montana ranks 23rd for the lowest vacancy rates.
New York ranks first with a vacancy rate of
and South Carolina ranks last with
a vacancy rate of 12.9%.
As lower vacancy rates are an indication of a healthier rental housing
portfolio, Montana’s rental housing portfolio is performing
the National average.
|Project Based Section 8||
|Section 8 Voucher||
|Note: The total does not necessarily equal the sum of each program as some properties may participate in multiple funding programs.
‡This program is not project based, instead Housing Authorities provide vouchers to individual renters.
In the state of Montana there are 12 independent Housing Authorities that may issue these vouchers.
The average number of units per property for affordable rentals in Montana is 31.30. The largest market for federally assisted housing in
the state is Billings
at 1,517 units and the smallest is
93 apartment properties provide housing for seniors containing 2,608 units.
Of the 11,167 units, 3,895 units include some form of rental assistance (like Section 8)
to make rent more affordable for very low income families.
Affordable Housing by Counties in Montana ranked by federally assisted units
There are 47 counties or county equivalents in Montana.
The county or county equivalent with the largest population is Yellowstone County at 147,972
and the smallest is Petroleum County at 494.
The county or county equivalent with the largest percentage of renter households is Missoula County at 40.56%
and The county or county equivalent with lowest portion of renters is Jefferson County at 16.25%.
The density of Federal housing assistance at the county level in Montana ranges from a low of
23.8 units per 1,000 renter households in
Dawson County to a high of 642.4 units per
1,000 renter households in Lewis and Clark County. The average Federal housing assistance density
for all counties in Montana is 114.5 units
per 1,000 renter households.
The table below summarizes the Federally assisted housing located in each county in Montana.
All major affordable housing programs are provided on a county by county basis.
Click on the name of the county to see a more in depth summary of affordable housing in that county.
Affordable Housing by City in Montana ranked by federally assisted units
We are tracking 95 cities in Montana
that have at least one Federally assisted housing community.
With a population of 989,415, Manhatten
has the largest population of these cities.
There are 1 Federally assisted housing communities in Manhatten
which are home to about 16 families, most of which are lower income families.
The table below provides a summary of all Federally assisted housing communities by city in Montana.
All the major affordable housing funding program breakdowns are provided.
Click on the city name to get a full affordable rental housing report for each city in Montana.
Housing Authorities in Montana ranked by assisted units and vouchers
Housing authorities are governmental (or quasi-governmental) entities
that manage various Federal housing assistance programs on behalf of the Department
of Housing and Urban Development (HUD). These programs include Public Housing,
Section 8 Housing Choice Vouchers and other programs.
There are 12 housing authorities in Montana.
These housing authorities own and operate an aggregate of
public housing units and administer Section 8 rental vouchers.
Of the 12 housing authorities, 58.3% have both a public housing and Section 8 program.
The largest housing authority in Montana by total housing assistance units managed is Montana Department of Commerce
with 4,280 public housing units under management
(0 public housing units
and 4,280 Section 8 vouchers).
The table below provides a list of housing authorities in Montana and
includes each housing authorities public housing and Section 8 voucher count.
Click on the housing authority name to get more details on the housing authority.
According to our affordable housing data, Montana has a total of
357 rental properties that receive at least one form of Federal housing assistance and are at least partially reserved for low income persons.
These properties contain an estimated 11,167 rental housing units.
(Note: Some of the Federal source data we use does not include total unit count for a property -- most notably the LIHTC database
-- so the number of units listed here may be less than the actual.)
The Low Income Housing Tax Credit Program is the largest assistance program by unit count.
The program assists 4,839 in Montana.
The charts below lay out how each Federal program impact affordable housing in Montana.