Lake County, MT housing market

What this means

• Valuation. Prices are 49% above what local incomes have historically supported (this area's pre-2020 price-to-income ratio).
• Prices. Home values are up 2.1% over the past year (U.S.: +1.2%).
• Supply. Listings are 29% below the 2017-19 norm and rising (+5% vs. a year ago): still a tight market.
• Negotiating. Buyer leverage is high (76/100; U.S.: 54): homes sell for about 5.3% below their final list price (as of Apr 2026); 18% of listings had a price cut (U.S.: 26%).
• Affordability. A mortgage on the typical home takes 67% of the median household income (U.S.: 35%); it takes about $142k a year to keep the payment at 30% of gross pay. That includes about $1,657 a year for home insurance (U.S.: $1,790).
• Buy vs. rent. Buying costs about $1,883/mo more than renting a typical home (mortgage payment vs. typical rent).
• Disaster risk. FEMA expects about $177 a year in natural-disaster damage per $100k of building value (U.S.: $155), mostly from flooding.
• Outlook. Leaning up: likely −6% to +11% over the next 12 months (74% chance of a rise).

Next 12 months

Leaning up

Prices are more likely to rise than fall over the next year. Likely change: −5.5% to +10.9% (80% range; middle estimate +4.0%), chance of a rise 74%, of a 5%+ drop 11%.

HouseVane's model, refit every month on local market signals and national ones, trained only on data known at the time. How accurate it has been.

ZIP codes in Lake County, MT