Miles, MT housing market
The typical Miles home is worth about $249,000, up 9.2% in a year, 47% below the Montana typical home.
Home values, sales, trends and how Miles compares with the towns next door — updated as new data is published.
Miles at a glance
Typical home value, 2016–2026
Show as a table
| January | Miles | Montana |
|---|---|---|
| 2017 | $130,000 | $233,000 |
| 2018 | $139,000 | $248,000 |
| 2019 | $145,000 | $262,000 |
| 2020 | $150,000 | $277,000 |
| 2021 | $170,000 | $318,000 |
| 2022 | $210,000 | $406,000 |
| 2023 | $222,000 | $434,000 |
| 2024 | $231,000 | $447,000 |
| 2025 | $234,000 | $464,000 |
| 2026 | $235,000 | $468,000 |
| August 2026 | $249,000 | $472,000 |
4 new homes permitted in 2025
Builders were permitted 4 new homes in Miles in 2025: 1 single-family house and 3 in buildings with two or more homes. That's 0.5 per 1,000 residents, slower than across Montana (7.3). Over the past 10 years, Miles has permitted 13 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Miles's population fell by 56 even though 104 new homes were permitted. Homes are holding fewer people: households are getting smaller, or more homes are used part of the year. 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) | 0 | 0 | 0 | — |
| 2025 | 4 | 1 | 3 | $530,000 |
| 2024 | 1 | 1 | 0 | $59,000 |
| 2023 | 0 | 0 | 0 | — |
| 2022 | 2 | 2 | 0 | $118,000 |
| 2021 | 0 | 0 | 0 | — |
| 2020 | 3 | 3 | 0 | $790,000 |
| 2019 | 0 | 0 | 0 | — |
| 2018 | 1 | 1 | 0 | $182,000 |
| 2017 | 2 | 2 | 0 | $490,000 |
| 2016 | 0 | 0 | 0 | — |
| 2015 | 4 | 4 | 0 | $1.4 million |
| 2014 | 3 | 3 | 0 | $635,000 |
| 2013 | 41 | 1 | 40 | $3.5 million |
| 2012 | 41 | 7 | 34 | $4.2 million |
| 2011 | 6 | 6 | 0 | $1.2 million |
| 2010 | 6 | 4 | 2 | $890,000 |
| 2009 | 4 | 4 | 0 | $584,000 |
| 2008 | 2 | 2 | 0 | $170,000 |
| 2007 | 16 | 14 | 2 | $1.8 million |
| 2006 | 8 | 5 | 3 | $1.1 million |
| 2005 | 7 | 7 | 0 | $875,000 |
| 2004 | 5 | 5 | 0 | $736,000 |
| 2003 | 5 | 5 | 0 | $348,000 |
| 2002 | 3 | 3 | 0 | $300,000 |
| 2001 | 2 | 2 | 0 | $200,000 |
| 2000 | 8 | 8 | 0 | $676,000 |
How Miles ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
3.7 years of income
The typical Miles home costs about 3.7 years of the town's median household income, less than across Montana (6.5 years).
How Miles ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,610
HUD's Fair Market Rent for a two-bedroom in Miles is $1,610 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Miles pay a median of $926, so moving in tends to cost more than staying put. A two-bedroom takes about 29% of the town's median household income.
Studio $1,110 · 4 bedrooms $2,330
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (59301; Custer 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.
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.