Choteau, MT housing market
The typical Choteau home is worth about $305,000, up 5.5% in a year, 35% below the Montana typical home.
Home values, sales, trends and how Choteau compares with the towns next door — updated as new data is published.
Choteau at a glance
Typical home value, 2016–2026
Show as a table
| January | Choteau | Montana |
|---|---|---|
| 2017 | $145,000 | $233,000 |
| 2018 | $150,000 | $248,000 |
| 2019 | $159,000 | $262,000 |
| 2020 | $166,000 | $277,000 |
| 2021 | $185,000 | $318,000 |
| 2022 | $236,000 | $406,000 |
| 2023 | $254,000 | $434,000 |
| 2024 | $266,000 | $447,000 |
| 2025 | $282,000 | $464,000 |
| 2026 | $299,000 | $468,000 |
| August 2026 | $305,000 | $472,000 |
2 new homes permitted in 2025
Builders were permitted 2 new homes in Choteau in 2025, all single-family houses. That's 1.4 per 1,000 residents, slower than across Montana (7.3). Over the past 10 years, Choteau has permitted 21 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Choteau gained 37 residents while 19 new homes were permitted: about 1.9 new residents per new home. Building and growth moved roughly in step. Across Montana: 2.4 new residents per new home.
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 2 | 2 | 0 | $718,000 |
| 2025 | 2 | 2 | 0 | $938,000 |
| 2024 | 7 | 5 | 2 | $1.7 million |
| 2023 | 3 | 3 | 0 | $760,000 |
| 2022 | 0 | 0 | 0 | — |
| 2021 | 4 | 2 | 2 | $740,000 |
| 2020 | 0 | 0 | 0 | — |
| 2019 | 2 | 0 | 2 | $275,000 |
| 2018 | 1 | 1 | 0 | $158,000 |
| 2017 | 1 | 1 | 0 | $158,000 |
| 2016 | 1 | 1 | 0 | $158,000 |
| 2015 | 1 | 1 | 0 | $181,000 |
| 2014 | 1 | 1 | 0 | $181,000 |
| 2013 | 2 | 2 | 0 | $309,000 |
| 2012 | 2 | 2 | 0 | $305,000 |
| 2011 | 6 | 0 | 6 | $410,000 |
| 2010 | 2 | 2 | 0 | $110,000 |
| 2009 | 2 | 2 | 0 | $148,000 |
| 2008 | 2 | 2 | 0 | $280,000 |
| 2007 | 3 | 3 | 0 | $345,000 |
| 2006 | 9 | 9 | 0 | $1.2 million |
| 2005 | 4 | 4 | 0 | $486,000 |
| 2004 | 1 | 1 | 0 | $80,000 |
| 2003 | 6 | 6 | 0 | $500,000 |
| 2002 | 1 | 1 | 0 | $200,000 |
| 2001 | 6 | 6 | 0 | $483,000 |
| 2000 | 2 | 2 | 0 | $190,000 |
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
5.9 years of income
The typical Choteau home costs about 5.9 years of the town's median household income, less than across Montana (6.5 years).
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,300
HUD's Fair Market Rent for a two-bedroom in Choteau is $1,300 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Choteau pay a median of $697, so moving in tends to cost more than staying put. A two-bedroom takes about 30% of the town's median household income, above the 30% guideline for affordable housing.
Studio $970 · 4 bedrooms $2,070
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (59422; Teton County, MT), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Recent listings in Choteau
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.