Counties in Montana by county house price annual change, sales and refinances, 2023

Musselshell County had the highest county house price annual change, sales and refinances of 39 counties in 2023, at 23.56%. Granite County had the lowest, at -12.1%. The median was 7.57%. Source: the Federal Housing Finance Agency.

Highest23.56Musselshell County
Lowest-12.1Granite County
Median7.5739 counties

All counties, 2023

CSVChart (SVG)

Musselshell CountyMusselshell County: 23.56 %23.56Sanders CountySanders County: 17.69 %17.69Richland CountyRichland County: 15.05 %15.05Custer CountyCuster County: 14.17 %14.17Powell CountyPowell County: 13.63 %13.63Beaverhead CountyBeaverhead County: 12.92 %12.92Valley CountyValley County: 12.36 %12.36Toole CountyToole County: 11.84 %11.84Fergus CountyFergus County: 11.53 %11.53Carbon CountyCarbon County: 10.64 %10.64Cascade CountyCascade County: 10.35 %10.35Silver Bow CountySilver Bow County: 9.6 %9.6Broadwater CountyBroadwater County: 9.03 %9.03Lewis and Clark CountyLewis and Clark County: 8.56 %8.56Jefferson CountyJefferson County: 7.94 %7.94Hill CountyHill County: 7.86 %7.86Meagher CountyMeagher County: 7.76 %7.76Deer Lodge CountyDeer Lodge County: 7.74 %7.74Park CountyPark County: 7.61 %7.61Mineral CountyMineral County: 7.57 %7.57Rosebud CountyRosebud County: 7.51 %7.51Stillwater CountyStillwater County: 7.4 %7.4Ravalli CountyRavalli County: 7.03 %7.03Glacier CountyGlacier County: 5.81 %5.81Flathead CountyFlathead County: 5.7 %5.7Lake CountyLake County: 5.61 %5.61Missoula CountyMissoula County: 5.35 %5.35Yellowstone CountyYellowstone County: 5.18 %5.18Lincoln CountyLincoln County: 4.9 %4.9Teton CountyTeton County: 4.37 %4.37Gallatin CountyGallatin County: 3.72 %3.72Fallon CountyFallon County: 3.53 %3.53Phillips CountyPhillips County: 2.38 %2.38Madison CountyMadison County: 1.62 %1.62Pondera CountyPondera County: -0.96 %-0.96Dawson CountyDawson County: -2.06 %-2.06Roosevelt CountyRoosevelt County: -5.12 %-5.12Sheridan CountySheridan County: -8.9 %-8.9Granite CountyGranite County: -12.1 %-12.1
%. Source: FHFA. Retrieved 2026-10-10.

Full ranking

RankCounties2023 (%)Change on 2022
1Musselshell County23.56+0.83 pts
2Sanders County17.69-9.19 pts
3Richland County15.05+6.25 pts
4Custer County14.17+5.99 pts
5Powell County13.63-10.48 pts
6Beaverhead County12.92-9.2 pts
7Valley County12.36+4.72 pts
8Toole County11.84+5.36 pts
9Fergus County11.53-10.31 pts
10Carbon County10.64-13.32 pts
11Cascade County10.35-10.43 pts
12Silver Bow County9.6-12.77 pts
13Broadwater County9.03-15.37 pts
14Lewis and Clark County8.56-13.84 pts
15Jefferson County7.94-16.53 pts
16Hill County7.86-4.65 pts
17Meagher County7.76-6.13 pts
18Deer Lodge County7.74-23.97 pts
19Park County7.61-14.31 pts
20Mineral County7.57-11.67 pts
21Rosebud County7.51-10.95 pts
22Stillwater County7.4-13.61 pts
23Ravalli County7.03-20.34 pts
24Glacier County5.81-23.88 pts
25Flathead County5.7-22.5 pts
26Lake County5.61-19.08 pts
27Missoula County5.35-18.62 pts
28Yellowstone County5.18-13.85 pts
29Lincoln County4.9-14.11 pts
30Teton County4.37-17.39 pts
31Gallatin County3.72-20.98 pts
32Fallon County3.53+2.53 pts
33Phillips County2.38-7.12 pts
34Madison County1.62-20.2 pts
35Pondera County-0.96-22.36 pts
36Dawson County-2.06-15.24 pts
37Roosevelt County-5.12-27.38 pts
38Sheridan County-8.9-29.32 pts
39Granite County-12.1-46.2 pts

Other periods

About this ranking

Published percentage change from the previous year in the FHFA all-transactions house price index for US counties.

Developmental nominal series, not seasonally adjusted. Includes sale prices and refinance appraisals, unlike purchase-only series. Uses the published annual change directly; it is unaffected by the index base year. Missing estimates remain absent and historical estimates can be revised.

Every value in the ranking comes from the same publisher and the same period, so the counties are compared on one definition. 3 counties with data in other periods have no value for 2023 and are left out rather than filled from another source. Equal values share a rank.

How to cite

Federal Housing Finance Agency (FHFA). FHFA developmental all-transactions county house prices, published annual percent change, nominal, not seasonally adjusted. https://www.fhfa.gov/hpi/download/annual/hpi_at_county.xlsx. Retrieved 2026-10-10.

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Questions

Which county has the highest county house price annual change, sales and refinances?

Musselshell County, with 23.56% in 2023, according to the Federal Housing Finance Agency.

Which county has the lowest county house price annual change, sales and refinances?

Granite County, with -12.1% in 2023.

Where does this ranking come from?

Every value comes from one source and one period, so the places are comparable: Federal Housing Finance Agency, FHFA developmental all-transactions county house prices, published annual percent change, nominal, not seasonally adjusted. Retrieved 2026-10-10. 3 counties have no value for 2023 and are not ranked.

County house price annual change, sales and refinances: other rankings

Counties in Montana: more rankings