Montana: Value of owner occupied housing
These data come from the U.S. Census Bureau's American Community Survey. They are based on averages of data collected in 2012, 2013, 2014, 2015, and 2016. These estimates cannot be used to say what is going on in any particular year in the period, only what the average value is over the full period. The Census Bureau's American Factfinder provides 3-year estimates for counties with at 20,000 people, and 1-year estimates for counties with at least 65,000 people. We use 5-year estimates because they are available for all counties and allow comparison to other counties within the region.
The value of owner occupied housing is the census respondent's estimate of how much the property (house and lot, mobile home and lot, or condominium unit) would sell for if it were for sale. The median value is the level at which half the housing units have a higher value and half have a lower value. Here, we present the real median value, which means the data have been adjusted for inflation.
The real median value of owner occupied housing in Montana from 2012-2016. . .
- was $203,954 compared to $188,635 in the U.S.
- increased by 47.8 percent from 1980 to 2012-2016
- ranked 19th - from highest to lowest - out of 50 states.
Note: The Consumer Price Index (CPI) is a measure of inflation. Here we adjusted dollar values by the CPI-U, which is the most commonly used CPI. Using the CPI to put dollar values in “real” terms makes it easier to see “inflation-free” change over time. Our base year is 2017, which means all dollar values are in terms of 2017 dollars. For more information, see (http://www.bls.gov/cpi/home.htm.) These ACS data are estimates based on a five-year average, meaning that data gathered from 2012, 2013, 2014, 2015, and 2016 are averaged together to come up with the results shown here. There is no problem with comparing these data to census data from 2000. For a technical discussion of the "margins of error" associated with ACS estimates, please see: (http://www.census.gov/acs/www/Downloads/data_documentation/Accuracy/MultiyearACSAccuracyofData2010.pdf) (http://www.census.gov/acs/www/Downloads/handbooks/ACSGeneralHandbook.pdf)
Source: 1980: U.S. Bureau of the Census, Census of Population and Housing, USA Counties, (http://censtats.census.gov/usa/usa.shtml); 1990: U.S. Bureau of the Census, Census of Population and Housing, (http://factfinder2.census.gov);
2000: U.S. Bureau of the Census, Demographic Profiles, (http://www.census.gov/popest/data/historical/index.html);
2009-2016: U.S. Bureau of the Census, American Community Survey, American Factfinder, (http://factfinder2.census.gov); DATE LAST UPDATED: February 20, 2018.