I’ve been studying the Zillow Home Value Index data, and Montana’s real estate market tells a fascinating story of remarkable growth. The top 25 most expensive towns in Montana have experienced an average value increase of 169.9% from 2010 to 2025, showcasing the state’s increasing desirability. What particularly caught my attention was Gallatin Gateway, which has seen an astonishing 237.5% increase in home values since 2010, the highest growth rate among Montana’s premium markets.
Looking at more recent trends, the average growth rate from 2015 to 2025 for these towns stands at 142.2%, while even the shorter five-year period from 2020 to 2025 shows an impressive 80.0% increase. This acceleration in home values reflects Montana’s emergence as a premier destination for those seeking natural beauty, outdoor recreation, and a high quality of life. Big Sky tops the list with median home values exceeding $1.8 million in 2025, cementing its status as Montana’s most exclusive real estate market.
What’s remarkable is how widespread this growth has been. Even the town with the “lowest” long-term growth rate among the top 25 – Lakeside at 117.4% since 2010 – would be considered exceptional performance in many other markets. From resort towns like Whitefish to university-adjacent communities like Bozeman, Montana’s premium real estate continues to attract strong demand from both in-state buyers and those relocating from across the country.
25. Florence
- 2025 value: $614,715
- 2020 value: $347,746
- 2015 value: $256,683
- 2010 value: $225,324
- % Change 2010-2025: 172.8%
- % Change 2015-2025: 139.5%
- % Change 2020-2025: 76.8%
Florence has experienced a remarkable journey in home values, climbing from $225,324 in 2010 to an impressive $614,715 in 2025, representing a 172.8% growth over 15 years. The acceleration has been particularly notable since 2020, with a 76.8% increase in just five years. Nestled in the beautiful Bitterroot Valley of Ravalli County, Florence offers residents a perfect blend of rural tranquility and convenient access to Missoula’s amenities just a short drive away.
24. Corvallis
- 2025 value: $622,444
- 2020 value: $340,502
- 2015 value: $240,535
- 2010 value: $216,462
- % Change 2010-2025: 187.6%
- % Change 2015-2025: 158.8%
- % Change 2020-2025: 82.8%
The charming town of Corvallis has witnessed home values soar from $216,462 in 2010 to $622,444 in 2025, marking an impressive 187.6% increase. Between 2020 and 2025 alone, values jumped 82.8%, highlighting the area’s growing desirability. Situated in the heart of the Bitterroot Valley in Ravalli County, Corvallis offers residents spectacular mountain views and a tight-knit community atmosphere while remaining close to the region’s recreational opportunities.
23. Manhattan
- 2025 value: $631,247
- 2020 value: $401,694
- 2015 value: $272,858
- 2010 value: $220,092
- % Change 2010-2025: 186.8%
- % Change 2015-2025: 131.3%
- % Change 2020-2025: 57.1%
Manhattan’s real estate trajectory has been nothing short of extraordinary, with home values escalating from $220,092 in 2010 to $631,247 by 2025, reflecting a robust 186.8% growth. Though the 2020-2025 growth of 57.1% shows a slight moderation compared to some peers, the overall trend remains strongly positive. Located in the prosperous Gallatin County, Manhattan provides residents with small-town Montana charm while benefiting from its strategic position within easy reach of Bozeman’s economic hub.
22. Frenchtown
- 2025 value: $633,539
- 2020 value: $348,767
- 2015 value: $269,837
- 2010 value: $235,142
- % Change 2010-2025: 169.4%
- % Change 2015-2025: 134.8%
- % Change 2020-2025: 81.7%
Frenchtown exhibits a compelling growth story with home values rising from $235,142 in 2010 to $633,539 in 2025, representing a 169.4% increase. The town has seen particularly strong momentum in recent years, with an 81.7% jump between 2020 and 2025. Situated in Missoula County along the Clark Fork River, Frenchtown combines the appeal of rural living with convenient access to Missoula’s urban amenities just a short drive to the east.
21. Condon
- 2025 value: $634,594
- 2020 value: $329,414
- 2015 value: $266,731
- 2010 value: $239,167
- % Change 2010-2025: 165.3%
- % Change 2015-2025: 137.9%
- % Change 2020-2025: 92.6%
Condon has emerged as a high-value market with home prices climbing steadily from $239,167 in 2010 to $634,594 in 2025, marking a 165.3% increase. The recent growth spurt of 92.6% between 2020 and 2025 underscores its increasing appeal to homebuyers. Tucked away in the scenic Swan Valley of Missoula County, Condon offers residents unparalleled access to wilderness areas including the Mission Mountains and Bob Marshall Wilderness, making it a paradise for outdoor enthusiasts.
20. Bonner
- 2025 value: $638,983
- 2020 value: $352,232
- 2015 value: $285,996
- 2010 value: $257,685
- % Change 2010-2025: 148.0%
- % Change 2015-2025: 123.4%
- % Change 2020-2025: 81.4%
Bonner’s real estate market demonstrates consistent appreciation, with home values growing from $257,685 in 2010 to $638,983 in 2025, a healthy 148.0% increase. Most striking is the recent acceleration, with an 81.4% surge from 2020 to 2025. This historic mill town in Missoula County has successfully reinvented itself through significant revitalization efforts, attracting homebuyers with its charming location at the confluence of the Blackfoot and Clark Fork rivers, just minutes from Missoula.
19. Silver Gate
- 2025 value: $652,203
- 2020 value: $406,723
- 2015 value: $262,352
- 2010 value: N/A
- % Change 2010-2025: N/A
- % Change 2015-2025: 148.6%
- % Change 2020-2025: 60.4%
Silver Gate boasts impressive growth in its housing market, with values more than doubling from $262,352 in 2015 to $652,203 in 2025, representing a 148.6% increase. The 2020-2025 period alone saw a 60.4% jump, highlighting continued strong demand. Perfectly positioned at the Northeast entrance to Yellowstone National Park in Park County, Silver Gate serves as a picturesque gateway community where wildlife sightings are common and natural beauty abounds in every direction.
18. Somers
- 2025 value: $664,748
- 2020 value: $361,811
- 2015 value: $279,122
- 2010 value: $280,387
- % Change 2010-2025: 137.1%
- % Change 2015-2025: 138.2%
- % Change 2020-2025: 83.7%
Somers has witnessed a remarkable transformation in its real estate landscape, with home values rising from $280,387 in 2010 to $664,748 in 2025, representing a solid 137.1% appreciation. The most dramatic growth occurred in the last five years with an 83.7% increase since 2020. Situated along the picturesque northern shore of Flathead Lake in Flathead County, Somers combines waterfront appeal with stunning mountain views, making it a highly coveted location for both permanent residents and vacation homeowners.
17. Huson
- 2025 value: $667,042
- 2020 value: $356,595
- 2015 value: $265,527
- 2010 value: $238,251
- % Change 2010-2025: 180.0%
- % Change 2015-2025: 151.2%
- % Change 2020-2025: 87.1%
Home values in Huson have skyrocketed from $238,251 in 2010 to $667,042 in 2025, marking an impressive 180.0% growth over this 15-year period. The market has maintained strong momentum with an 87.1% increase between 2020 and 2025. Nestled along the Clark Fork River in Missoula County, Huson offers the perfect balance of rural tranquility and accessibility, providing residents with wide-open spaces and privacy while remaining within comfortable commuting distance to Missoula.
16. Marion
- 2025 value: $673,171
- 2020 value: $367,918
- 2015 value: $273,466
- 2010 value: $265,852
- % Change 2010-2025: 153.2%
- % Change 2015-2025: 146.2%
- % Change 2020-2025: 83.0%
Marion’s real estate values have displayed remarkable resilience, climbing from $265,852 in 2010 to $673,171 in 2025, an increase of 153.2%. The market has shown particularly strong momentum in recent years with an 83.0% jump from 2020 to 2025. Located in the forested northwest region of Flathead County, Marion offers residents a secluded mountain lifestyle with easy access to nearby Little Bitterroot Lake, attracting those seeking privacy and natural beauty away from more developed areas.
15. Kila
- 2025 value: $689,092
- 2020 value: $364,310
- 2015 value: $261,731
- 2010 value: $258,043
- % Change 2010-2025: 167.0%
- % Change 2015-2025: 163.3%
- % Change 2020-2025: 89.1%
Kila has experienced phenomenal growth in its housing market, with values surging from $258,043 in 2010 to $689,092 in 2025, representing a 167.0% increase. The acceleration has been particularly notable since 2015, with values climbing 163.3% in just 10 years. Situated in the western portion of Flathead County near Smith Lake, Kila provides residents with a peaceful rural setting surrounded by forests and mountains while remaining within easy reach of Kalispell’s amenities.
14. Gardiner
- 2025 value: $689,873
- 2020 value: $456,611
- 2015 value: $290,062
- 2010 value: N/A
- % Change 2010-2025: N/A
- % Change 2015-2025: 137.8%
- % Change 2020-2025: 51.1%
Gardiner’s home values have more than doubled over the past decade, rising from $290,062 in 2015 to $689,873 in 2025, a substantial 137.8% increase. Even during the 2020-2025 period, values continued to climb by 51.1%. As the official North Entrance to Yellowstone National Park in Park County, Gardiner enjoys a uniquely advantageous location that continues to attract both investors and homebuyers seeking proximity to one of America’s most treasured natural wonders.
13. Emigrant
- 2025 value: $706,380
- 2020 value: $432,995
- 2015 value: $306,409
- 2010 value: N/A
- % Change 2010-2025: N/A
- % Change 2015-2025: 130.5%
- % Change 2020-2025: 63.1%
Property values in Emigrant have flourished, climbing from $306,409 in 2015 to $706,380 in 2025, representing an impressive 130.5% growth. The 2020-2025 period alone saw a substantial 63.1% increase, highlighting continued strong demand. Nestled in the stunning Paradise Valley of Park County, Emigrant is blessed with breathtaking vistas of the Absaroka Range and Yellowstone River, offering residents an idyllic Montana lifestyle with world-class fishing, hiking, and wildlife viewing opportunities at their doorstep.
12. Bozeman
- 2025 value: $719,970
- 2020 value: $461,251
- 2015 value: $300,308
- 2010 value: $246,306
- % Change 2010-2025: 192.3%
- % Change 2015-2025: 139.7%
- % Change 2020-2025: 56.1%
Bozeman stands as a testament to Montana’s booming real estate market, with home values soaring from $246,306 in 2010 to $719,970 in 2025, an extraordinary 192.3% appreciation. The growth has been consistently strong across different time periods, with a 139.7% increase since 2015. Located in the heart of Gallatin County, Bozeman has transformed into a vibrant hub blending outdoor recreation, cultural amenities, and a thriving tech sector, fueled by Montana State University and surrounded by mountain ranges in every direction.
11. Bigfork
- 2025 value: $747,844
- 2020 value: $391,062
- 2015 value: $301,928
- 2010 value: $303,693
- % Change 2010-2025: 146.3%
- % Change 2015-2025: 147.7%
- % Change 2020-2025: 91.2%
Bigfork’s housing market has demonstrated remarkable vigor, with values increasing from $303,693 in 2010 to $747,844 in 2025, a solid 146.3% growth. The most dramatic appreciation occurred in the most recent five-year period, with a striking 91.2% increase since 2020. Situated on the northeast shore of Flathead Lake in Lake County, Bigfork combines small-town charm with sophisticated amenities, including a renowned arts scene, gourmet restaurants, and proximity to world-class outdoor recreation in every season.
10. Elmo
- 2025 value: $793,398
- 2020 value: $430,843
- 2015 value: $366,863
- 2010 value: N/A
- % Change 2010-2025: N/A
- % Change 2015-2025: 116.3%
- % Change 2020-2025: 84.2%
Elmo has emerged as a premium real estate market with home values more than doubling from $366,863 in 2015 to $793,398 in 2025, a 116.3% increase. Recent years have seen particularly strong momentum with an 84.2% appreciation from 2020 to 2025. Located on the western shore of Flathead Lake in Lake County, Elmo offers residents some of Montana’s most coveted lakefront properties with stunning water views and easy access to boating and fishing, all while providing a sense of seclusion away from more developed areas.
9. Lakeside
- 2025 value: $802,155
- 2020 value: $445,911
- 2015 value: $381,932
- 2010 value: $368,918
- % Change 2010-2025: 117.4%
- % Change 2015-2025: 110.0%
- % Change 2020-2025: 79.9%
Lakeside’s real estate has appreciated considerably, with home values climbing from $368,918 in 2010 to $802,155 in 2025, representing a 117.4% increase. The growth accelerated significantly in recent years, with a robust 79.9% jump between 2020 and 2025. Perched along the western shore of Flathead Lake in Flathead County, Lakeside offers residents spectacular sunrise views over the water and mountains, with a perfect combination of lake recreation, mountain access, and a thriving community just a short drive from Kalispell.
8. Garrison
- 2025 value: $840,556
- 2020 value: $423,643
- 2015 value: N/A
- 2010 value: N/A
- % Change 2010-2025: N/A
- % Change 2015-2025: N/A
- % Change 2020-2025: 98.4%
Garrison has experienced explosive growth in its housing market, with values nearly doubling from $423,643 in 2020 to $840,556 in 2025, a remarkable 98.4% increase in just five years. This substantial appreciation highlights the town’s rapidly growing appeal to buyers. Located in Powell County at the confluence of the Clark Fork and Little Blackfoot Rivers, Garrison combines exceptional fishing access with a strategic position along Interstate 90, offering residents both natural beauty and convenient transportation connections to larger Montana cities.
7. Cameron
- 2025 value: $843,219
- 2020 value: $487,405
- 2015 value: N/A
- 2010 value: N/A
- % Change 2010-2025: N/A
- % Change 2015-2025: N/A
- % Change 2020-2025: 73.0%
The small community of Cameron has seen impressive home value appreciation, rising from $487,405 in 2020 to $843,219 in 2025, representing a robust 73.0% increase in just five years. This rapid growth reflects the increasing desirability of this hidden gem. Nestled along the Madison River in Madison County, Cameron provides unparalleled access to blue-ribbon trout fishing and serves as a gateway to Yellowstone National Park, attracting outdoor enthusiasts and those seeking a peaceful mountain lifestyle away from more developed areas.
6. Whitefish
- 2025 value: $847,737
- 2020 value: $416,677
- 2015 value: $307,667
- 2010 value: $295,186
- % Change 2010-2025: 187.2%
- % Change 2015-2025: 175.5%
- % Change 2020-2025: 103.5%
Whitefish exemplifies Montana’s luxury real estate boom with home values skyrocketing from $295,186 in 2010 to $847,737 in 2025, an impressive 187.2% appreciation. The growth has accelerated dramatically in recent years, with values more than doubling (103.5%) between 2020 and 2025 alone. Located in Flathead County near Glacier National Park, Whitefish has evolved into a world-class resort destination that balances sophisticated amenities, including an acclaimed ski resort and picturesque lake, with authentic Montana charm that continues to attract celebrities, outdoor enthusiasts, and investors alike.
5. Big Arm
- 2025 value: $882,123
- 2020 value: $460,273
- 2015 value: $398,669
- 2010 value: N/A
- % Change 2010-2025: N/A
- % Change 2015-2025: 121.3%
- % Change 2020-2025: 91.7%
Big Arm has emerged as a premium real estate market with home values more than doubling from $398,669 in 2015 to $882,123 in 2025, representing a substantial 121.3% growth. The past five years have shown particularly strong momentum with a 91.7% increase since 2020. Situated along the western shore of Flathead Lake in Lake County, Big Arm offers residents breathtaking views of both the lake and the Mission Mountains, providing direct access to Big Arm Bay and Wild Horse Island, creating an idyllic setting for water recreation enthusiasts and nature lovers.
4. Pray
- 2025 value: $936,177
- 2020 value: $595,700
- 2015 value: N/A
- 2010 value: N/A
- % Change 2010-2025: N/A
- % Change 2015-2025: N/A
- % Change 2020-2025: 57.2%
The tiny community of Pray has witnessed impressive growth in its housing market, with values climbing from $595,700 in 2020 to $936,177 in 2025, a solid 57.2% increase in just five years. This appreciation reflects the growing recognition of its unique appeal. Located in the heart of Paradise Valley in Park County, Pray is surrounded by the towering Absaroka and Gallatin mountain ranges, with the Yellowstone River flowing nearby, offering residents unparalleled natural beauty and proximity to world-class fishing, hiking, and wildlife viewing opportunities.
3. Gallatin Gateway
- 2025 value: $1,043,467
- 2020 value: $573,257
- 2015 value: $370,463
- 2010 value: $309,194
- % Change 2010-2025: 237.5%
- % Change 2015-2025: 181.7%
- % Change 2020-2025: 82.0%
Gallatin Gateway stands out as Montana’s growth champion, with home values surging from $309,194 in 2010 to a staggering $1,043,467 in 2025, representing a phenomenal 237.5% appreciation. The market has maintained incredible momentum across all timeframes, with values nearly tripling since 2015. Positioned at the entrance to the stunning Gallatin Canyon in Gallatin County, this community serves as a literal gateway to outdoor paradise, offering direct access to world-class skiing, fishing, and hiking while remaining just minutes from Bozeman’s amenities and the wonders of Yellowstone National Park.
2. Rollins
- 2025 value: $1,167,391
- 2020 value: $520,600
- 2015 value: $463,896
- 2010 value: N/A
- % Change 2010-2025: N/A
- % Change 2015-2025: 151.6%
- % Change 2020-2025: 124.2%
Rollins has experienced extraordinary appreciation in its real estate market, with home values soaring from $463,896 in 2015 to $1,167,391 in 2025, a remarkable 151.6% increase. Most impressive is the recent acceleration, with values more than doubling (124.2%) between 2020 and 2025. Perched along the western shore of Flathead Lake in Lake County, Rollins boasts some of Montana’s most coveted waterfront properties, offering residents pristine lake views, private docks, and a peaceful setting that makes it a highly sought-after location for luxury homebuyers seeking Montana’s premier lake lifestyle.
1. Big Sky
- 2025 value: $1,810,109
- 2020 value: $1,072,531
- 2015 value: N/A
- 2010 value: N/A
- % Change 2010-2025: N/A
- % Change 2015-2025: N/A
- % Change 2020-2025: 68.8%
Big Sky reigns supreme as Montana’s most expensive real estate market, with home values reaching an astonishing $1,810,109 in 2025, up from $1,072,531 in 2020 – representing a substantial 68.8% growth in just five years. This remarkable valuation reflects Big Sky’s unparalleled position in the market. Situated between Bozeman and Yellowstone National Park in Madison County, Big Sky has transformed from a hidden gem to a world-renowned luxury destination featuring exceptional skiing, golf, and outdoor recreation, attracting wealthy homebuyers from across the globe seeking Montana’s ultimate mountain resort lifestyle.
