Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$595,594+2.4% YoY · prices are rising
Market right nowBalanced, leaning buyersMore homes for sale than last year, 19% have cut their price
Income needed to buy, per year$129,112About 2.1× the local median income ($61,452): hard to afford
Days on market96 daysFaster than a year ago: sellers have the edge
The typical home in Lake County, MT is worth $595,594, up 2.4% from a year ago. That is well above what local incomes have historically supported: fair value is about $490,688, so the area is 21.4% overvalued. It is a balanced market, leaning toward buyers: homes take about 96 days to sell, listings are up 9% from a year ago, 19% of listings have had a price cut. A household needs about $129,112 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $61,452. Typical rent is $1,633 a month. In the latest IRS figures, 389 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$595,594
Change in 1 year
+2.4%
Overvalued %
+21.4%
Show 6 more
Fair home value
$490,688
Change in 5 years
+25.0%
Home value to income
9.7×
Monthly mortgage payment (20% down)
$3,228
Income needed to afford it
$129,112
Property tax rate
0.61%
Rent and investing
Typical rent
$1,633
Price-to-rent ratio
30.4×
HUD Fair Market Rent, 2 bedrooms
$1,448
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Gross rental yield
3.29%
Cap rate (estimate)
2.14%
Market activity
Listings vs a year ago
+8.6%
Days on market
96
Listings with a price cut
18.6%
Show 3 more
Homes for sale
215
Pending sales per 100 listings
19
Asking price per sq ft
$354
People and jobs
Median household income
$61,452
Population change (1 year)
+0.0%
Unemployment rate
5.7%
Show 4 more
Population
33,392
Income adjusted for cost of living
$67,087
Net moves in (IRS)
+389
Cost of living (US = 100)
91.6
Schools, risk and environment
School rating (1 to 10)
3.7
FEMA hazard risk score (0 to 100)
67.7
Unhealthy air days a year
0
Show 4 more
Flood risk score
57.2
Wildfire risk score
92.7
Walkability (1 to 20)
5.7
Road, rail and air noise
55 dB
Questions people ask
Is Lake County, MT overvalued?
Home prices in Lake County, MT are well above what local incomes have historically supported: fair value is about $490,688, so the area is 21.4% overvalued.
Is Lake County, MT a buyer's or seller's market?
Lake County, MT is a balanced market, leaning toward buyers: homes take about 96 days to sell, listings are up 9% from a year ago, 19% of listings have had a price cut.
Are home prices going down in Lake County, MT?
Home values in Lake County, MT are up 2.4% over the last year.
How much do you need to earn to buy a home in Lake County, MT?
A household needs about $129,112 a year to afford the typical home in Lake County, MT at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $61,452.