According to the Zillow Home Value Index, Montana’s real estate landscape reveals fascinating patterns of affordability and growth. You’ll find that Montana’s most affordable neighborhoods have experienced remarkable appreciation over the last 15 years, with average home values increasing by 127% since 2010.
When you explore the data, you’ll notice a striking pattern—Billings dominates the affordability rankings with 7 of the most affordable neighborhoods in Montana. Meanwhile, the standout growth champion is Missoula’s Franklin to the Fort neighborhood, where property values have surged by an astonishing 168% since 2010, showcasing the dynamic nature of Montana’s regional housing markets.
You’ll be particularly interested to discover that even in these relatively affordable areas, the most budget-friendly neighborhood (Southside in Billings) now averages $233,170—highlighting the significant upward pressure on housing costs throughout Montana in recent years, with average values jumping 60% since 2020 alone.
25. Emma Dickinson Orchard Homes (Missoula)
- 2025 Value: $479,551
- 2020 Value: $279,466
- 2015 Value: $205,655
- 2010 Value: $181,848
- % Change 2010-2025: 163.71%
- % Change 2015-2025: 133.18%
- % Change 2020-2025: 71.60%
Perched at the top of our affordability rankings, Missoula’s Emma Dickinson Orchard Homes area showcases western Montana’s remarkable growth story. You’ll be astounded by this neighborhood’s exceptional appreciation, with values surging nearly 164% since 2010—the second-highest long-term growth rate on our list—and an impressive 72% just since 2020.
24. Helena Valley Northwest (Helena)
- 2025 Value: $472,601
- 2020 Value: $285,232
- 2015 Value: $214,964
- 2010 Value: $205,119
- % Change 2010-2025: 130.40%
- % Change 2015-2025: 119.85%
- % Change 2020-2025: 65.69%
Extending into Helena’s northwestern valley with dramatic mountain backdrops, the Helena Valley Northwest area combines rural character with city proximity. You’ll find this neighborhood has experienced impressive growth, with property values increasing 130% since 2010 and nearly 66% since 2020. Despite approaching the $500,000 threshold, the area remains relatively affordable compared to similar semi-rural settings in other Montana regions.
23. Euclid Ave South (Helena)
- 2025 Value: $468,073
- 2020 Value: $293,513
- 2015 Value: $229,537
- 2010 Value: $213,128
- % Change 2010-2025: 119.62%
- % Change 2015-2025: 103.92%
- % Change 2020-2025: 59.47%
The Euclid Avenue South neighborhood stretches through Helena’s central corridor. You’ll discover this area has maintained solid but slightly more moderate growth compared to other Helena neighborhoods, with values increasing nearly 120% since 2010 and 59% since 2020.
22. Helena Valley West Central (Helena)
- 2025 Value: $465,947
- 2020 Value: $280,880
- 2015 Value: $210,935
- 2010 Value: $193,764
- % Change 2010-2025: 140.47%
- % Change 2015-2025: 120.90%
- % Change 2020-2025: 65.89%
Sprawling through Helena’s western valley, the Helena Valley West Central neighborhood offers you spacious living with mountain views. You’ll find this area has experienced robust growth, with property values climbing 140% since 2010 and nearly 66% just since 2020.
21. Westside (Missoula)
- 2025 Value: $457,727
- 2020 Value: $268,970
- 2015 Value: $201,003
- 2010 Value: $178,521
- % Change 2010-2025: 156.40%
- % Change 2015-2025: 127.72%
- % Change 2020-2025: 70.18%
Flanking the Clark Fork River on Missoula’s western side, the Westside neighborhood showcases western Montana’s explosive growth. You’ll be struck by this area’s remarkable appreciation, with values skyrocketing 156% since 2010 and 70% just since 2020—among the highest rates on our list. Despite this dramatic growth, it remains one of Missoula’s more accessible neighborhoods in a city where affordability has become increasingly challenging.
20. Southeast (Helena)
- 2025 Value: $456,290
- 2020 Value: $275,789
- 2015 Value: $211,458
- 2010 Value: $197,765
- % Change 2010-2025: 130.72%
- % Change 2015-2025: 115.78%
- % Change 2020-2025: 65.45%
The Southeast neighborhood of Helena sits near the upper end of our affordability rankings. You’ll find this area has performed admirably, with home values increasing 131% since 2010 and 65% since 2020.
19. Helena West Side (Helena)
- 2025 Value: $453,916
- 2020 Value: $268,850
- 2015 Value: $198,150
- 2010 Value: $184,455
- % Change 2010-2025: 146.09%
- % Change 2015-2025: 129.08%
- % Change 2020-2025: 68.84%
Stretching toward the mountains on Helena’s western flank, the Helena West Side neighborhood combines natural beauty with relative affordability. You’ll discover this area has experienced impressive appreciation, with property values surging 146% since 2010 and nearly 69% just since 2020.
18. East Missoula (Missoula)
- 2025 Value: $437,983
- 2020 Value: $257,398
- 2015 Value: $190,427
- 2010 Value: $175,411
- % Change 2010-2025: 149.69%
- % Change 2015-2025: 130.00%
- % Change 2020-2025: 70.16%
Nestled at the mouth of Hellgate Canyon just east of Missoula, East Missoula provides you with a compelling balance of accessibility and value. You’ll be impressed by this area’s remarkable growth story, with home values soaring nearly 150% since 2010 and 70% just since 2020.
17. West End (Billings)
- 2025 Value: $429,179
- 2020 Value: $296,236
- 2015 Value: $256,306
- 2010 Value: $208,697
- % Change 2010-2025: 105.65%
- % Change 2015-2025: 67.45%
- % Change 2020-2025: 44.88%
Spreading across Billings’ expanding western edge, the West End neighborhood offers you suburban comfort at a moderate price point. You’ll find this area has maintained steady if unspectacular growth compared to other Montana neighborhoods, with values increasing about 106% since 2010 and a relatively modest 45% since 2020.
16. Franklin to the Fort (Missoula)
- 2025 Value: $427,865
- 2020 Value: $247,520
- 2015 Value: $180,364
- 2010 Value: $159,401
- % Change 2010-2025: 168.42%
- % Change 2015-2025: 137.22%
- % Change 2020-2025: 72.86%
Standing as Montana’s growth champion, Missoula’s Franklin to the Fort neighborhood boasts the highest 15-year appreciation rate on our entire list at a staggering 168%. You’ll be amazed by this area’s transformation, with property values more than doubling since 2015 and surging nearly 73% just since 2020.
15. North (Helena)
- 2025 Value: $407,352
- 2020 Value: $251,361
- 2015 Value: $194,562
- 2010 Value: $187,374
- % Change 2010-2025: 117.40%
- % Change 2015-2025: 109.37%
- % Change 2020-2025: 62.06%
The North neighborhood of Helena offers you a compelling blend of mountain views and relative value. You’ll find this area has experienced solid growth, with home values increasing 117% since 2010 and accelerating significantly with a 62% jump just since 2020.
14. North Central (Billings)
- 2025 Value: $404,391
- 2020 Value: $278,535
- 2015 Value: $244,584
- 2010 Value: $196,255
- % Change 2010-2025: 106.05%
- % Change 2015-2025: 65.34%
- % Change 2020-2025: 45.18%
The North Central area of Billings presents you with a centrally located option that marks the midpoint of our affordability rankings. You’ll notice this neighborhood has maintained consistent but moderate growth compared to other areas on our list, with a 106% increase since 2010 and a more modest 45% appreciation since 2020.
13. Northside (Missoula)
- 2025 Value: $400,803
- 2020 Value: $235,554
- 2015 Value: $173,906
- 2010 Value: $158,522
- % Change 2010-2025: 152.84%
- % Change 2015-2025: 130.47%
- % Change 2020-2025: 70.15%
Situated just north of downtown Missoula, the Northside neighborhood offers you an urban living experience at a relatively affordable price point. You’ll find this area has experienced remarkable appreciation, with values increasing an eye-catching 153% since 2010—nearly triple the growth rate of some Billings neighborhoods. The area’s 70% surge just since 2020 ranks among the highest short-term growth rates in Montana.
12. Bonner-West Riverside (Missoula)
- 2025 Value: $399,333
- 2020 Value: $223,306
- 2015 Value: N/A
- 2010 Value: N/A
- % Change 2010-2025: N/A
- % Change 2015-2025: N/A
- % Change 2020-2025: 78.83%
Positioned just east of Missoula along the Blackfoot River, Bonner-West Riverside marks Missoula’s entry into our affordability rankings. You’ll be impressed by this area’s exceptional recent growth, with property values surging nearly 79% just since 2020—one of the highest five-year growth rates on our list.
11. Heights (Billings)
- 2025 Value: $394,237
- 2020 Value: $265,386
- 2015 Value: $229,266
- 2010 Value: $186,615
- % Change 2010-2025: 111.26%
- % Change 2015-2025: 71.96%
- % Change 2020-2025: 48.55%
Rising above the Yellowstone Valley in northeastern Billings, the Heights neighborhood approaches the midpoint of our affordability list. You’ll discover this well-established community has maintained solid appreciation, with values increasing 111% since 2010. The area features a diverse housing stock, from mid-century ranches to newer developments, all while maintaining an average price point below $400,000, making it attractive for families seeking more space without sacrificing affordability in Montana’s largest city.
10. Central (Helena)
- 2025 Value: $393,354
- 2020 Value: $235,587
- 2015 Value: $180,170
- 2010 Value: $168,785
- % Change 2010-2025: 133.05%
- % Change 2015-2025: 118.32%
- % Change 2020-2025: 66.97%
At the heart of Montana’s capital, Helena’s Central neighborhood combines historic charm with comparative value. You’ll find this area has experienced tremendous growth with a 133% increase since 2010 and a remarkable 67% jump just since 2020—the third highest five-year growth rate among our top 25 neighborhoods.
9. West (Helena)
- 2025 Value: $385,694
- 2020 Value: $236,271
- 2015 Value: $175,890
- 2010 Value: $162,996
- % Change 2010-2025: 136.63%
- % Change 2015-2025: 119.28%
- % Change 2020-2025: 63.24%
Tucked into Helena’s western edge, the West neighborhood offers you exceptional long-term growth potential combined with relative affordability. You’ll be impressed by this area’s remarkable 137% value increase since 2010—among the highest appreciation rates on our list. The neighborhood continues to show strong momentum with a 63% jump since 2020, demonstrating Helena’s increasing desirability.
8. Euclid Ave North (Helena)
- 2025 Value: $384,873
- 2020 Value: $232,106
- 2015 Value: $176,004
- 2010 Value: $166,449
- % Change 2010-2025: 131.23%
- % Change 2015-2025: 118.67%
- % Change 2020-2025: 65.82%
The Euclid Avenue North area of Helena represents Montana’s capital city’s most affordable neighborhood. You’ll be intrigued by this area’s impressive performance, with property values surging 131% since 2010—significantly outpacing Billings’ affordable neighborhoods. When exploring this area, you’ll notice the remarkable 66% growth just since 2020, indicating Helena’s strengthening real estate market.
7. Lockwood (Billings)
- 2025 Value: $369,692
- 2020 Value: $248,074
- 2015 Value: $213,954
- 2010 Value: $174,473
- % Change 2010-2025: 111.89%
- % Change 2015-2025: 72.79%
- % Change 2020-2025: 49.03%
Just east of Billings proper, Lockwood marks the beginning of the lower third of our affordability rankings. You’ll find this community has appreciated substantially, with home values increasing nearly 112% since 2010. The area has maintained consistent growth momentum, with a solid 49% appreciation since 2020, showcasing its enduring appeal as a slightly more affordable alternative to central Billings neighborhoods while still offering proximity to the city’s amenities.
6. Highlands (Billings)
- 2025 Value: $360,366
- 2020 Value: $245,048
- 2015 Value: $205,538
- 2010 Value: $176,025
- % Change 2010-2025: 104.72%
- % Change 2015-2025: 75.33%
- % Change 2020-2025: 47.06%
The Highlands area of Billings offers you an elevated residential experience at a relatively affordable price point. You’ll discover that this neighborhood has maintained steady appreciation, with values increasing by nearly 105% since 2010. When investigating properties here, you’ll notice a balanced growth pattern, with the neighborhood gaining 47% in value since 2020—a significant increase that nonetheless trails some of Montana’s fastest-appreciating areas, potentially indicating room for continued growth in this established Billings community.
5. North Elevation (Billings)
- 2025 Value: $358,194
- 2020 Value: $248,030
- 2015 Value: $208,088
- 2010 Value: $172,632
- % Change 2010-2025: 107.49%
- % Change 2015-2025: 72.14%
- % Change 2020-2025: 44.42%
Rising above Billings’ northern section, North Elevation sits comfortably in the affordable range of Montana neighborhoods. You’ll find this area has seen property values more than double since 2010, with a significant 107% increase. Interestingly, you’ll note that this neighborhood has experienced more modest recent growth compared to other affordable areas, with a 44% appreciation since 2020—the lowest five-year increase among the top 25.
4. Southwest Corridor (Billings)
- 2025 Value: $313,346
- 2020 Value: $203,898
- 2015 Value: $170,112
- 2010 Value: $147,131
- % Change 2010-2025: 112.97%
- % Change 2015-2025: 84.20%
- % Change 2020-2025: 53.68%
Situated along Billings’ southwestern edge, the Southwest Corridor offers you remarkable value with homes averaging just over $313,000. You’ll appreciate that this neighborhood has demonstrated consistent growth, with values climbing nearly 113% over the past 15 years. The area has particularly flourished since 2020, with a robust 54% increase that outpaces many other neighborhoods on this list.
3. Central-Terry (Billings)
- 2025 Value: $311,451
- 2020 Value: $207,887
- 2015 Value: $176,855
- 2010 Value: $149,857
- % Change 2010-2025: 107.83%
- % Change 2015-2025: 76.11%
- % Change 2020-2025: 49.82%
The Central-Terry district in Billings stands as the third most affordable neighborhood in Montana. You’ll find this centrally located area has experienced substantial growth, with home values rising nearly 108% since 2010. When exploring this neighborhood, you’ll discover properties that have appreciated by almost 50% in just the last five years, demonstrating the area’s increasing desirability while still maintaining relative affordability in Montana’s competitive housing market.
2. North Park (Billings)
- 2025 Value: $253,509
- 2020 Value: $170,359
- 2015 Value: $146,271
- 2010 Value: $127,861
- % Change 2010-2025: 98.27%
- % Change 2015-2025: 73.32%
- % Change 2020-2025: 48.81%
Nestled in Billings’ northern section, North Park offers you an affordable housing alternative with average values just over $250,000. You’ll notice this neighborhood has shown the most modest long-term growth among Montana’s affordable areas, with a 98% increase since 2010—the only neighborhood below the 100% threshold. Still, the area has maintained healthy appreciation with nearly 49% growth since 2020.
1. Southside (Billings)
- 2025 Value: $233,170
- 2020 Value: $151,377
- 2015 Value: $123,288
- 2010 Value: $113,010
- % Change 2010-2025: 106.33%
- % Change 2015-2025: 89.13%
- % Change 2020-2025: 54.03%
Located in the southern section of Billings in Yellowstone County, Southside claims the title of Montana’s most affordable neighborhood. You’ll find this area has shown remarkable resilience and growth, with property values more than doubling since 2010. Despite being the lowest-priced neighborhood in the state, Southside has maintained a strong appreciation trajectory, with values climbing 54% just since 2020.
