GREAT FALLS Mortgage Rates & Closing Costs

  • JUMP TO:
  • Trends
  • Rates vs. Fees
  • Top Lenders
  • Market Share
  • Market Conditions & Pricing
  • Time on Market/Property Size
  • Rent Data
  • Loan Attributes
    • 30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

    30 Year Fixed Rate mortgages in Great Falls averaged 6.7% for the week of 2024-11-14, compared to the national average of 6.78% for the same period.

    The average rate for the prior week (2024-11-07) was 6.51% and one month ago for the week of 2024-10-10, the average rate was 6.44%.

    Great Falls's average rate one year ago was 7.32%.

    For refis of the same type during the week of 2024-11-14, the average rate was 7.08%.

    Loan Type Date Rate
    US 30 Year Fixed Rate 2024-11-14 6.78%
    Great Falls 30 Year Fixed Rate 2024-11-14 6.7%
    Great Falls 30 Year Fixed Rate Refi 2024-11-14 7.08%
    Great Falls 15 Year Fixed Rate 2024-11-14 5.89%
    Great Falls 15 Year Fixed Rate Refi 2024-11-14 6.59%
    Great Falls 30 Year FHA 2024-11-14 -0.44%
    Great Falls 30 Year FHA Refi 2024-11-14 -0.2%
    Great Falls 30 Year USDA 2024-11-14 -0.1%
    Great Falls 30 Year USDA Refi 2024-11-14 0%
    Great Falls 30 Year VA 2024-11-14 -0.1%
    Great Falls 30 Year VA Refi 2024-11-14 0.2%
    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within GREAT FALLS, MT.

    GREAT FALLS Top Lenders by Rates & Fees

    The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the GREAT FALLS, MT market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    Stockman Bank of Montana 127 6.64% $5,949
    Opportunity Bank of Montana 48 6.41% $5,698
    MANN FINANCIAL INC. 36 6.91% $5,374
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 27 6.62% $7,200
    GUARANTEED RATE, INC. 27 6.85% $6,466
    QUICKEN LOANS, LLC 24 6.93% $7,217
    U.S. Bank 11 6.79% $5,374
    American Bank Center 10 6.20% $6,860
    Flagstar Bank, FSB 9 6.41% $7,013
    UNITED WHOLESALE MORTGAGE, LLC 7 6.78% $5,819
    UNIVERSAL LENDING CORPORATION 7 6.89% $11,550
    CLEARWATER Federal Credit Union 6 6.81% $5,319
    Montana Federal Credit Union 6 6.38% $7,437
    Mr. Cooper ( Nationstar Mortgage ) 5 7.22% $6,689
    Wells Fargo Bank 5 6.70% $5,304
    First Interstate Bank 5 6.95% $5,329
    MORTGAGE 1 INCORPORATED 4 7.25% $6,645
    HORIZON 4 7.41% $5,671
    CHURCHILL MORTGAGE CORPORATION 4 6.69% $4,660
    GUILD MORTGAGE COMPANY 3 6.29% $10,756
    MOVEMENT MORTGAGE, LLC 3 6.81% $10,145
    BROKER SOLUTIONS, INC. 3 7.37% $7,689
    CALCON MUTUAL MORTGAGE LLC 3 6.79% $7,047
    BMO Harris Bank 2 6.00% $5,023
    LOANDEPOT.COM, LLC 2 6.63% $7,538
    Unify Home Lending Inc. 2 7.00% $4,198
    UNION HOME MORTGAGE CORP. 2 7.06% $8,725
    HOMEBRIDGE FINANCIAL SERVICES, INC. 2 6.31% $4,715
    PENNYMAC LOAN SERVICES, LLC 2 6.87% $15,606
    MUTUAL OF OMAHA MORTGAGE, INC. 2 6.31% $7,042
    CROSSCOUNTRY MORTGAGE, LLC 2 6.19% $9,101
    ZILLOW HOME LOANS, LLC 2 7.25% $7,526
    The Central Trust Bank 1 6.63% $3,787
    The Huntington National Bank 1 6.70% $5,114
    Truist 1 6.60% $3,451
    LENOX FINANCIAL MORTGAGE CORPORATION 1 7.50% $4,158
    AMERICAN FINANCIAL NETWORK, INC. 1 6.75% $9,191
    AMERICAN INTERNET MORTGAGE, INC. 1 5.88% $2,909
    AMERISAVE MORTGAGE CORPORATION 1 5.25% $7,381
    ARC HOME LLC 1 9.00% $7,407
    Arvest Bank 1 6.38% $5,875
    Axos Bank 1 6.25% $2,694
    BETTER MORTGAGE CORPORATION 1 6.50% $3,169
    CASTLE & COOKE MORTGAGE, LLC 1 7.49% $8,487
    CHERRY CREEK MORTGAGE, LLC 1 5.75% $149
    Citizens Bank 1 5.75% $2,341
    COLUMBIA COMMUNITY CREDIT UNION 1 8.13% $8,302
    CORNERSTONE HOME LENDING, INC. 1 7.00% $3,974
    CRESCENT MORTGAGE COMPANY 1 6.63% $4,938
    FIRST COLONY MORTGAGE CORPORATION 1 6.75% $7,561
    Gateway First Bank 1 6.75% $6,500
    Glacier Bank 1 6.38% $9,908
    HOMEOWNERS FINANCIAL GROUP USA, LLC 1 6.88% $7,636
    JPMorgan Chase Bank 1 6.63% $5,560
    Ally Bank 1 6.88% $7,312
    Merchants Bank 1 6.78% $4,300
    Meridian Trust Federal Credit Union 1 6.50% $3,798
    MID AMERICA MORTGAGE, INC. 1 6.88% $3,358
    M&T Bank 1 7.63% $4,848
    NAVY FEDERAL CREDIT UNION 1 7.25% $5,039
    Northpointe Bank 1 6.50% $6,446
    OCMBC, INC. 1 7.38% $9,504
    Paramount Residential Mortgage Group, Inc. 1 7.38% $11,749
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 7.63% $8,679
    RELIANCE FIRST CAPITAL, LLC 1 9.88% $6,462
    Sierra Pacific Mortgage Company, Inc. 1 6.99% $6,465
    Stifel Bank and Trust 1 6.50% $2,247

    GREAT FALLS Average Closing Costs & Other Stats

    GREAT FALLS, MT's 67 lenders originated 1,583 loans during 2023. The total origination value was $384,995,000, with an average loan value of $243,206.

    GREAT FALLS's average closing costs are $5,735.

    The top GREAT FALLS lender as defined by loan originations is Stockman Bank of Montana, with 127 loans originated. Their average total fees are $5,949, which is $252 higher than the next largest lender, Opportunity Bank of Montana.

    The lowest fee GREAT FALLS lenders (with over 10 loans originated) are MANN FINANCIAL INC. ($5,374), U.S. Bank ($5,374), Opportunity Bank of Montana ($5,698), Stockman Bank of Montana ($5,949) and GUARANTEED RATE, INC. ($6,466).

    The lowest rate GREAT FALLS lenders (with over 10 loans originated) are American Bank Center (6.20%), Opportunity Bank of Montana (6.41%), FAIRWAY INDEPENDENT MORTGAGE CORPORATION (6.62%), Stockman Bank of Montana (6.64%) and U.S. Bank (6.79%).

    GREAT FALLS, MT Mortgage Market Share & Volume

    Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.

    Name 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
    Stockman Bank of Montana $100,000,000 $83,585,000 -16.4% 21.7%
    Opportunity Bank of Montana $67,180,000 $33,885,000 -49.6% 8.8%
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION $27,465,000 $31,400,000 14.3% 8.2%
    Glacier Bank $5,010,000 $23,275,000 364.6% 6.0%
    MANN FINANCIAL INC. $23,860,000 $19,515,000 -18.2% 5.1%
    GUARANTEED RATE, INC. $6,280,000 $18,390,000 192.8% 4.8%
    Mortgage Research Center, LLC $21,260,000 $13,155,000 -38.1% 3.4%
    QUICKEN LOANS, LLC $22,780,000 $10,505,000 -53.9% 2.7%
    American Bank Center $20,745,000 $10,370,000 -50.0% 2.7%
    Montana Federal Credit Union $13,835,000 $10,255,000 -25.9% 2.7%
    Citizens Alliance Bank $6,200,000 $8,290,000 33.7% 2.2%
    U.S. Bank $15,755,000 $7,100,000 -54.9% 1.8%
    Belt Valley Bank $5,725,000 n/a 1.5%
    NAVY FEDERAL CREDIT UNION $4,250,000 $5,375,000 26.5% 1.4%
    Flagstar Bank, FSB $12,245,000 $5,320,000 -56.6% 1.4%
    UNITED WHOLESALE MORTGAGE, LLC $7,880,000 $5,125,000 -35.0% 1.3%
    PENNYMAC LOAN SERVICES, LLC $3,320,000 $4,950,000 49.1% 1.3%
    MORTGAGE 1 INCORPORATED $1,635,000 $4,855,000 196.9% 1.3%
    UNIVERSAL LENDING CORPORATION $6,115,000 $4,395,000 -28.1% 1.1%
    First Interstate Bank $7,800,000 $4,185,000 -46.3% 1.1%
    NORTHMARQ CAPITAL FINANCE, L.L.C. $3,905,000 n/a 1.0%
    FREEDOM MORTGAGE CORPORATION $7,135,000 $3,665,000 -48.6% 1.0%
    USAA Federal Savings Bank $9,025,000 $3,340,000 -63.0% 0.9%
    Wells Fargo Bank $17,260,000 $2,495,000 -85.5% 0.6%
    Mr. Cooper ( Nationstar Mortgage ) $3,060,000 $2,265,000 -26.0% 0.6%
    CLEARWATER Federal Credit Union $245,000 $2,210,000 802.0% 0.6%
    Merchants Bank $2,170,000 n/a 0.6%
    GUILD MORTGAGE COMPANY $1,805,000 $2,110,000 16.9% 0.5%
    BROKER SOLUTIONS, INC. $3,005,000 $2,065,000 -31.3% 0.5%
    HORIZON $5,500,000 $2,065,000 -62.5% 0.5%
    RUSSELL COUNTRY FCU $2,055,000 n/a 0.5%
    First Montana Bank, Inc. $1,650,000 n/a 0.4%
    NEW DAY FINANCIAL, LLC $2,970,000 $1,575,000 -47.0% 0.4%
    LEADERONE FINANCIAL CORPORATION $880,000 $1,560,000 77.3% 0.4%
    UNION HOME MORTGAGE CORP. $1,525,000 n/a 0.4%
    PRIMELENDING, A PLAINSCAPITAL COMPANY $485,000 $1,430,000 194.8% 0.4%
    The Federal Savings Bank $2,810,000 $1,330,000 -52.7% 0.3%
    CHURCHILL MORTGAGE CORPORATION $875,000 $1,305,000 49.1% 0.3%
    CALCON MUTUAL MORTGAGE LLC $1,280,000 n/a 0.3%
    MOVEMENT MORTGAGE, LLC $305,000 $1,280,000 319.7% 0.3%
    Arbor Realty Trust, Inc. $1,255,000 n/a 0.3%
    Paramount Residential Mortgage Group, Inc. $5,525,000 $1,190,000 -78.5% 0.3%
    BMO Harris Bank $1,070,000 n/a 0.3%
    MUTUAL OF OMAHA MORTGAGE, INC. $1,760,000 $1,055,000 -40.1% 0.3%
    LOANDEPOT.COM, LLC $5,545,000 $990,000 -82.1% 0.3%
    LAKEVIEW LOAN SERVICING, LLC $1,995,000 $940,000 -52.9% 0.2%
    CROSSCOUNTRY MORTGAGE, LLC $2,180,000 $880,000 -59.6% 0.2%
    ZILLOW HOME LOANS, LLC $285,000 $855,000 200.0% 0.2%
    JPMorgan Chase Bank $1,665,000 $700,000 -58.0% 0.2%
    AMERICAN FINANCING CORPORATION $1,885,000 $650,000 -65.5% 0.2%
    AMERISAVE MORTGAGE CORPORATION $4,215,000 $645,000 -84.7% 0.2%
    Bank of America $95,000 $640,000 573.7% 0.2%
    Gateway First Bank $640,000 n/a 0.2%
    Arvest Bank $635,000 n/a 0.2%
    M&T Bank $680,000 $615,000 -9.6% 0.2%
    Carrington Mortgage Services, LLC $1,030,000 $590,000 -42.7% 0.2%
    CRESCENT MORTGAGE COMPANY $2,045,000 $580,000 -71.6% 0.2%
    NBKC BANK $1,010,000 $575,000 -43.1% 0.1%
    VILLAGE CAPITAL MORTGAGE $750,000 $550,000 -26.7% 0.1%
    The Huntington National Bank $1,280,000 $545,000 -57.4% 0.1%
    CASTLE & COOKE MORTGAGE, LLC $535,000 n/a 0.1%
    HOMEXPRESS MORTGAGE CORP. $525,000 n/a 0.1%
    Northwest Farm Credit Services, FLCA $655,000 $520,000 -20.6% 0.1%
    CARDINAL FINANCIAL $740,000 $510,000 -31.1% 0.1%
    RELIANCE FIRST CAPITAL, LLC $225,000 $500,000 122.2% 0.1%
    Unify Home Lending Inc. $85,000 $470,000 452.9% 0.1%
    Figure Lending LLC $105,000 $450,000 328.6% 0.1%
    HOMEBRIDGE FINANCIAL SERVICES, INC. $1,360,000 $405,000 -70.2% 0.1%
    LENOX FINANCIAL MORTGAGE CORPORATION $405,000 n/a 0.1%
    CHERRY CREEK MORTGAGE, LLC $920,000 $375,000 -59.2% 0.1%
    Sierra Pacific Mortgage Company, Inc. $410,000 $375,000 -8.5% 0.1%
    Ally Bank $985,000 $365,000 -62.9% 0.1%
    Meridian Bank Corporation $205,000 $365,000 78.0% 0.1%
    BETTER MORTGAGE CORPORATION $1,230,000 $360,000 -70.7% 0.1%
    COLUMBIA COMMUNITY CREDIT UNION $355,000 n/a 0.1%
    AMERICAN PACIFIC MORTGAGE CORPORATION $335,000 $345,000 3.0% 0.1%
    Citizens Bank $985,000 $325,000 -67.0% 0.1%
    FIRST COLONY MORTGAGE CORPORATION $315,000 n/a 0.1%
    Commerce Home Mortgage, Inc. $305,000 n/a 0.1%
    EMBRACE HOME LOANS, INC. $195,000 $285,000 46.2% 0.1%
    Northpointe Bank $285,000 n/a 0.1%
    PENTAGON FEDERAL CREDIT UNION $770,000 $285,000 -63.0% 0.1%
    SUMMIT FUNDING, INC. $225,000 $285,000 26.7% 0.1%
    Barrington Bank & Trust Company, N.A. $1,270,000 $275,000 -78.3% 0.1%
    PREMIA MORTGAGE, LLC $275,000 n/a 0.1%
    CMG MORTGAGE, INC. $135,000 $265,000 96.3% 0.1%
    Sunflower Bank $455,000 $265,000 -41.8% 0.1%
    ACADEMY MORTGAGE CORPORATION $610,000 $255,000 -58.2% 0.1%
    AMERICAN INTERNET MORTGAGE, INC. $255,000 n/a 0.1%
    Equity Prime Mortgage LLC $535,000 $255,000 -52.3% 0.1%
    HOMEOWNERS FINANCIAL GROUP USA, LLC $255,000 n/a 0.1%
    Nations Lending Corporation $255,000 n/a 0.1%
    SUN WEST MORTGAGE COMPANY, INC. $255,000 n/a 0.1%
    NEWREZ LLC $1,790,000 $250,000 -86.0% 0.1%
    PACIFIC RESIDENTIAL MORTGAGE, LLC $470,000 $245,000 -47.9% 0.1%
    Stifel Bank and Trust $580,000 $225,000 -61.2% 0.1%
    The Central Trust Bank $460,000 $225,000 -51.1% 0.1%
    CITY FIRST MORTGAGE SERVICES, L.L.C. $215,000 n/a 0.1%
    DOMINION FINANCIAL SERVICES, LLC $205,000 n/a 0.1%
    Willamette Valley Bank $205,000 n/a 0.1%
    Meridian Trust Federal Credit Union $195,000 n/a 0.1%
    AMERICAN FINANCIAL NETWORK, INC. $185,000 n/a 0.0%
    OCMBC, INC. $185,000 n/a 0.0%
    ARC HOME LLC $165,000 n/a 0.0%
    MID AMERICA MORTGAGE, INC. $345,000 $165,000 -52.2% 0.0%
    CORNERSTONE HOME LENDING, INC. $510,000 $155,000 -69.6% 0.0%
    Discover Bank $345,000 $155,000 -55.1% 0.0%
    Axos Bank $135,000 n/a 0.0%
    First Financial Bank $135,000 n/a 0.0%
    FINANCE OF AMERICA REVERSE LLC $125,000 n/a 0.0%
    First National Bank and Trust Company $125,000 n/a 0.0%
    Truist $965,000 $125,000 -87.0% 0.0%
    HOMESIDE FINANCIAL, LLC $115,000 n/a 0.0%
    First International Bank & Trust $235,000 $105,000 -55.3% 0.0%
    21ST MORTGAGE CORPORATION $235,000 $55,000 -76.6% 0.0%
    Service Federal Credit Union $55,000 n/a 0.0%
    NORTHROP GRUMMAN Federal Credit Union $45,000 n/a 0.0%
    SPRING EQ, LLC $130,000 $45,000 -65.4% 0.0%
    TRIAD FINANCIAL SERVICES, INC. $105,000 $25,000 -76.2% 0.0%

    GREAT FALLS's top lender by overall market share is Stockman Bank of Montana, with 21.7% market share. In second place, with 8.8%, is Opportunity Bank of Montana, having originated $33,885,000 in loans. In third place, with 8.2%, is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, having originated $31,400,000 in loans. In fourth place, with 6.0%, is Glacier Bank, having originated $23,275,000 in loans. In fifth place, with 5.1%, is MANN FINANCIAL INC., having originated $19,515,000 in loans.

    GREAT FALLS Housing Market Trends (Median, Average Prices & Listing Count)

    Realtor.com - GREAT FALLS (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $215,975 (11.8%) $287,671 (7.5%) 0.00 280
    2018-02-01 $211,225 (4.6%) $283,637 (3.4%) 0.00 281
    2018-03-01 $225,000 (7.2%) $294,670 (5.4%) 0.00 264
    2018-04-01 $212,500 (6.3%) $287,733 (2.8%) 0.00 275
    2018-05-01 $222,500 (9.5%) $298,678 (8.9%) 0.00 305
    2018-06-01 $232,200 (10.6%) $302,171 (8.9%) 0.00 327
    2018-07-01 $234,700 (11.8%) $296,383 (11.0%) 0.00 335
    2018-08-01 $229,900 (17.3%) $288,645 (12.6%) 0.00 355
    2018-09-01 $225,000 (12.6%) $287,677 (10.5%) 0.00 380
    2018-10-01 $224,600 (4.5%) $282,946 (2.9%) 0.00 371
    2018-11-01 $223,600 (6.5%) $280,812 (0.0%) 0.00 347
    2018-12-01 $219,900 (4.7%) $279,597 (-1.0%) 0.00 323
    2019-01-01 $217,450 (0.7%) $283,616 (-1.4%) 0.00 283
    2019-02-01 $219,900 (4.1%) $281,624 (-0.7%) 0.00 278
    2019-03-01 $237,043 (5.4%) $292,032 (-0.9%) 0.00 258
    2019-04-01 $254,593 (19.8%) $299,718 (4.2%) 0.00 254
    2019-05-01 $248,550 (11.7%) $304,453 (1.9%) 0.00 297
    2019-06-01 $239,900 (3.3%) $307,001 (1.6%) 0.00 301
    2019-07-01 $239,950 (2.2%) $308,302 (4.0%) 0.00 343
    2019-08-01 $237,068 (3.1%) $304,042 (5.3%) 0.00 335
    2019-09-01 $232,670 (3.4%) $295,696 (2.8%) 0.00 323
    2019-10-01 $229,739 (2.3%) $289,282 (2.2%) 0.00 312
    2019-11-01 $224,950 (0.6%) $280,083 (-0.3%) 0.00 285
    2019-12-01 $226,500 (3.0%) $284,554 (1.8%) 0.00 241
    2020-01-01 $242,000 (11.3%) $292,393 (3.1%) 0.00 207
    2020-02-01 $239,950 (9.1%) $292,445 (3.8%) 0.00 196
    2020-03-01 $233,675 (-1.4%) $291,260 (-0.3%) 0.00 196
    2020-04-01 $252,725 (-0.7%) $305,059 (1.8%) 0.00 199
    2020-05-01 $259,000 (4.2%) $321,142 (5.5%) 0.00 205
    2020-06-01 $256,875 (7.1%) $323,319 (5.3%) 0.00 204
    2020-07-01 $257,000 (7.1%) $337,940 (9.6%) 0.00 182
    2020-08-01 $254,500 (7.4%) $343,000 (12.8%) 0.00 172
    2020-09-01 $266,925 (14.7%) $367,101 (24.2%) 0.00 154
    2020-10-01 $249,900 (8.8%) $364,622 (26.0%) 0.00 115
    2020-11-01 $276,375 (22.9%) $401,563 (43.4%) 0.00 101
    2020-12-01 $290,250 (28.2%) $439,072 (54.3%) 0.00 74
    2021-01-01 $295,950 (22.3%) $467,598 (59.9%) 0.00 60
    2021-02-01 $302,425 (26.0%) $524,639 (79.4%) 0.00 48
    2021-03-01 $343,035 (46.8%) $581,229 (99.6%) 0.00 57
    2021-04-01 $307,700 (21.8%) $583,691 (91.3%) 0.00 50
    2021-05-01 $287,450 (11.0%) $516,094 (60.7%) 0.00 56
    2021-06-01 $277,875 (8.2%) $466,696 (44.4%) 0.00 86
    2021-07-01 $285,000 (10.9%) $449,739 (33.1%) 0.00 88
    2021-08-01 $288,500 (13.4%) $454,496 (32.5%) 0.00 112
    2021-09-01 $312,425 (17.1%) $498,728 (35.9%) 0.00 92
    2021-10-01 $299,450 (19.8%) $471,122 (29.2%) 0.00 74
    2021-11-01 $291,250 (5.4%) $494,065 (23.0%) 0.00 61
    2021-12-01 $329,450 (13.5%) $528,538 (20.4%) 0.00 51
    2022-01-01 $349,950 (18.3%) $574,520 (22.9%) 0.00 45
    2022-02-01 $396,000 (30.9%) $612,818 (16.8%) 0.00 39
    2022-03-01 $388,725 (13.3%) $542,718 (-6.6%) 0.00 40
    2022-04-01 $339,000 (10.2%) $526,995 (-9.7%) 0.00 50
    2022-05-01 $394,000 (37.1%) $539,408 (4.5%) 0.00 71
    2022-06-01 $380,000 (36.8%) $524,816 (12.5%) 0.00 105
    2022-07-01 $395,000 (38.6%) $533,150 (18.6%) 0.00 120
    2022-08-01 $412,500 (43.0%) $564,773 (24.3%) 0.00 128
    2022-09-01 $411,000 (31.6%) $536,326 (7.5%) 0.00 111
    2022-10-01 $439,000 (46.6%) $542,712 (15.2%) 0.00 108
    2022-11-01 $439,000 (50.7%) $577,989 (17.0%) 0.00 90
    2022-12-01 $405,000 (22.9%) $557,568 (5.5%) 0.00 87
    2023-01-01 $408,500 (16.7%) $572,680 (-0.3%) 0.00 80
    2023-02-01 $411,750 (4.0%) $606,095 (-1.1%) 0.00 68
    2023-03-01 $405,500 (4.3%) $634,005 (16.8%) 0.00 62
    2023-04-01 $449,950 (32.7%) $628,595 (19.3%) 0.00 71
    2023-05-01 $372,000 (-5.6%) $628,776 (16.6%) 0.00 74
    2023-06-01 $408,250 (7.4%) $695,472 (32.5%) 0.00 78
    2023-07-01 $385,000 (-2.5%) $628,632 (17.9%) 0.00 95
    2023-08-01 $410,459 (-0.5%) $590,716 (4.6%) 0.00 102
    2023-09-01 $454,500 (10.6%) $619,208 (15.5%) 0.00 106
    2023-10-01 $421,500 (-4.0%) $591,041 (8.9%) 0.00 126
    2023-11-01 $388,450 (-11.5%) $560,579 (-3.0%) 0.00 139
    2023-12-01 $394,900 (-2.5%) $553,634 (-0.7%) 0.00 136
    2024-01-01 $382,500 (-6.4%) $547,571 (-4.4%) 0.00 122
    2024-02-01 $399,000 (-3.1%) $543,829 (-10.3%) 0.00 102
    2024-03-01 $375,000 (-7.5%) $545,691 (-13.9%) 0.00 99
    2024-04-01 $386,175 (-14.2%) $577,303 (-8.2%) 0.00 112
    2024-05-01 $384,900 (3.5%) $586,385 (-6.7%) 0.00 139
    2024-06-01 $399,900 (-2.1%) $634,518 (-8.8%) 0.00 152
    2024-07-01 $402,700 (4.6%) $605,324 (-3.7%) 0.00 170
    2024-08-01 $424,500 (3.4%) $633,395 (7.2%) 0.00 176
    2024-09-01 $392,450 (-13.7%) $628,336 (1.5%) 0.00 187
    2024-10-01 $401,450 (-4.8%) $623,945 (5.6%) 0.00 197
    GREAT FALLS's median listing price for 2024-10-01 was $401,450, a difference of $-20,050 (-4.8%) versus the prior year and $9,000 versus the prior month.

    GREAT FALLS's median listing price comes in at 0% of the national average.

    GREAT FALLS's average listing price for 2024-10-01 was $623,945, a difference of $32,904 (5.6%) versus the prior year and $-4,391 versus the prior month.

    For the 2024-10-01 period, GREAT FALLS had 197 MLS listings, a difference of 10 listings (5%) versus the prior month and 71 listings (56%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - GREAT FALLS (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,988 sqft
    2018-02-01 0 days 1,941 sqft
    2018-03-01 0 days 1,960 sqft
    2018-04-01 0 days 1,954 sqft
    2018-05-01 0 days 2,020 sqft
    2018-06-01 0 days 2,097 sqft
    2018-07-01 0 days 2,144 sqft
    2018-08-01 0 days 2,140 sqft
    2018-09-01 0 days 2,129 sqft
    2018-10-01 0 days 2,133 sqft
    2018-11-01 0 days 2,167 sqft
    2018-12-01 0 days 2,080 sqft
    2019-01-01 0 days 2,083 sqft
    2019-02-01 0 days 1,836 sqft
    2019-03-01 0 days 2,011 sqft
    2019-04-01 0 days 2,191 sqft
    2019-05-01 0 days 2,194 sqft
    2019-06-01 0 days 2,164 sqft
    2019-07-01 0 days 2,250 sqft
    2019-08-01 0 days 2,233 sqft
    2019-09-01 0 days 2,191 sqft
    2019-10-01 0 days 2,164 sqft
    2019-11-01 0 days 2,100 sqft
    2019-12-01 0 days 2,126 sqft
    2020-01-01 0 days 2,215 sqft
    2020-02-01 0 days 2,129 sqft
    2020-03-01 0 days 2,074 sqft
    2020-04-01 0 days 2,246 sqft
    2020-05-01 0 days 2,302 sqft
    2020-06-01 0 days 2,222 sqft
    2020-07-01 0 days 2,270 sqft
    2020-08-01 0 days 2,227 sqft
    2020-09-01 0 days 2,384 sqft
    2020-10-01 0 days 2,208 sqft
    2020-11-01 0 days 2,224 sqft
    2020-12-01 0 days 2,089 sqft
    2021-01-01 0 days 2,144 sqft
    2021-02-01 0 days 2,263 sqft
    2021-03-01 0 days 2,440 sqft
    2021-04-01 0 days 2,379 sqft
    2021-05-01 0 days 2,218 sqft
    2021-06-01 0 days 2,156 sqft
    2021-07-01 0 days 2,150 sqft
    2021-08-01 0 days 2,173 sqft
    2021-09-01 0 days 2,294 sqft
    2021-10-01 0 days 2,240 sqft
    2021-11-01 0 days 2,261 sqft
    2021-12-01 0 days 2,200 sqft
    2022-01-01 0 days 2,216 sqft
    2022-02-01 0 days 2,343 sqft
    2022-03-01 0 days 2,265 sqft
    2022-04-01 0 days 2,196 sqft
    2022-05-01 0 days 2,299 sqft
    2022-06-01 0 days 2,352 sqft
    2022-07-01 0 days 2,431 sqft
    2022-08-01 0 days 2,515 sqft
    2022-09-01 0 days 2,454 sqft
    2022-10-01 0 days 2,586 sqft
    2022-11-01 0 days 2,507 sqft
    2022-12-01 0 days 2,344 sqft
    2023-01-01 0 days 2,321 sqft
    2023-02-01 0 days 2,282 sqft
    2023-03-01 0 days 2,290 sqft
    2023-04-01 0 days 2,298 sqft
    2023-05-01 0 days 2,043 sqft
    2023-06-01 0 days 2,216 sqft
    2023-07-01 0 days 2,104 sqft
    2023-08-01 0 days 2,120 sqft
    2023-09-01 0 days 2,344 sqft
    2023-10-01 0 days 2,266 sqft
    2023-11-01 0 days 2,228 sqft
    2023-12-01 0 days 2,247 sqft
    2024-01-01 0 days 1,944 sqft
    2024-02-01 0 days 2,118 sqft
    2024-03-01 0 days 2,072 sqft
    2024-04-01 0 days 2,113 sqft
    2024-05-01 0 days 2,074 sqft
    2024-06-01 0 days 2,146 sqft
    2024-07-01 0 days 2,115 sqft
    2024-08-01 0 days 2,195 sqft
    2024-09-01 0 days 2,112 sqft
    2024-10-01 0 days 2,033 sqft
    GREAT FALLS's median listing age (time on market) for 2024-10-01 was 0 days.

    GREAT FALLS's median square footage for active listings during the 2024-10-01 period was 2,033 sqft. One year prior, the average listing was 2,266 sqft.

    GREAT FALLS, MT Average Rent (2023)

    Zoom/scroll map to see average rent by zip code. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results.

    For additional perspective within a market, below is information regarding the average rents (as defined by HUD) for zip codes within the metro area. Descriptive statistics (average, median) are shown below the table.
    Zip Code Metro Studio Apartment Rent 1BR Apartment Rent 2BR Apartment Rent 3BR Apartment Rent 4BR Apartment Rent
    59401 Great Falls, MT MSA $600 $630 $830 $1,170 $1,310
    59403 Great Falls, MT MSA $660 $700 $910 $1,290 $1,440
    59404 Great Falls, MT MSA $690 $730 $950 $1,340 $1,500
    59405 Great Falls, MT MSA $660 $700 $910 $1,290 $1,440
    59406 Great Falls, MT MSA $660 $700 $910 $1,290 $1,440
    59412 Great Falls, MT MSA $690 $730 $950 $1,340 $1,500
    59414 Great Falls, MT MSA $600 $630 $830 $1,170 $1,310
    59421 Great Falls, MT MSA $600 $630 $830 $1,170 $1,310
    59436 Great Falls, MT MSA $660 $700 $910 $1,290 $1,440
    59440 Great Falls, MT MSA $660 $700 $910 $1,290 $1,440
    59443 Great Falls, MT MSA $660 $700 $910 $1,290 $1,440
    59463 Great Falls, MT MSA $660 $700 $910 $1,290 $1,440
    59465 Great Falls, MT MSA $660 $700 $910 $1,290 $1,440
    59468 Great Falls, MT MSA $710 $740 $970 $1,370 $1,530
    59472 Great Falls, MT MSA $680 $710 $930 $1,310 $1,470
    59477 Great Falls, MT MSA $660 $700 $910 $1,290 $1,440
    59480 Great Falls, MT MSA $670 $710 $920 $1,300 $1,460
    59483 Great Falls, MT MSA $640 $680 $890 $1,250 $1,400
    59485 Great Falls, MT MSA $620 $660 $860 $1,210 $1,360
    59487 Great Falls, MT MSA $640 $670 $880 $1,240 $1,390

    2022 Average & Median Rent Data Statistics
    GREAT FALLS, MT average 1BR rent: $691, median: $700
    GREAT FALLS, MT average 2BR rent: $902, median: $910
    GREAT FALLS, MT average 3BR rent: $1,274, median: $1,290

    GREAT FALLS, MT Market Loan Reason

    Loan Purpose Originations Total Value Average Loan
    Home Purchase 999 $281,005,000 $281,286
    Cash Out Refi 195 $37,625,000 $192,949
    Home Improvement 142 $30,480,000 $214,648
    Refi 137 $26,685,000 $194,781
    Other 110 $9,200,000 $83,636

    Great Falls's most frequently cited loan purpose was Home Purchase, with 999 originations. The 2nd most popular reason was Cash Out Refi, with 195 originations.

    Interest Rate Frequencies

    Loan Rate Originations Total Value Average Loan
    6-7% 516 $150,670,000 $291,996
    5-6% 404 $100,630,000 $249,084
    7-8% 295 $68,075,000 $230,763
    Over 8% 231 $22,985,000 $99,502
    4-5% 34 $20,710,000 $609,118
    <2.5% 11 $695,000 $63,182
    3-4% 9 $2,345,000 $260,556
    2.5-3% 2 $580,000 $290,000

    During 2023, Great Falls's most frequently originated rate bucket was 6-7%, with 516 originations.

    Loan Sizing (GREAT FALLS, MT MSA)

    Loan Size Originations Total Value Average Loan
    $200k-400k 708 $199,750,000 $282,133
    $100,000 or less 373 $17,115,000 $45,885
    $100k-200k 328 $50,510,000 $153,994
    $400k-600k 132 $62,250,000 $471,591
    $600k-1000k 35 $24,725,000 $706,429
    $Over $1MM 7 $30,645,000 $4,377,857

    GREAT FALLS's loan sizing saw the bucket of loans from $200k-400k with 708 originations, totaling $199,750,000 in origination value.

    LTV Distribution

    Loan to Value Originations Total Value Average Loan
    80-100% 578 $171,970,000 $297,526
    60-80% 282 $94,960,000 $336,738
    Under 20% 257 $10,165,000 $39,553
    20-40% 158 $18,740,000 $118,608
    Over 100% 112 $38,620,000 $344,821
    40-60% 111 $31,195,000 $281,036

    GREAT FALLS's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 578 originations, totaling $171,970,000 in origination value.