Below are visualizations representing data that reflect rental market trends in Missoula County (for the Social, Sales, and Supply sections click the boxes above).
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.
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2021 continued the trend of tight supply and decline in vacancy rates. The result was a new all-time low annual average vacancy rate of 1.3%. Studios and 4+ bedrooms in multiplexes experienced the lowest average vacancy rates at 1.1% and 0.0% respectively.
Overall, in 2021 rents increased 5.57%, with one bedroom multiplex apartments up 4.9% and two bedrooms were up 7.5%. Rental rate began accelerating in the second half 2021, comparing 2020 Q4 to 2021 Q4 the minimum price increase per unit is approximately $150 for apartments and approximately $300 for houses