Below are visualizations representing data that reflect rental market trends in Missoula County. These visualizations are updated regularly with the most recent data available. Depending on the sources, some data may be refreshed monthly or quarterly. Some may update annually, with a year or more of lag. Under the visualizations, you can find explanatory text that adds context to the data presented here. Click the double-arrow icon in the lower-right corner of the visualizations for a full-sized view.
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Additional Information
Vacancy
Vacancy rates remained very low throughout most of 2022, finishing at an annual rate of 1.2%, however, Q4 saw a significant rise to 2.3%. While it is too early to definitively state the multi-family building over the last two years has changed supply, there does appear to be some increase in days units are on the market. Studio, 2-bedroom, and 3-bedroom had rates below 1%.
Rental Rates
Average rental rates increased 11.4% in 2022, with 1-bedroom & 2-bedroom multi-plex increasing 18.1% and 15.7% respectively. Rental rate increases began to decelerate towards the end of 2022 as vacancy rates and days on market have begun to rise.