Housing in Woods Bay

A typical Woods Bay home is worth roughly $512,000

Home prices around Woods Bay have risen about 91% over the past 5 years.

Typical home value

$512K

▲ 18.3% in a year · MT $472K

Estimate

2-bedroom rent

$1,780

a month, utilities in · HUD

Median tax bill

$2,200

MT $2,693

What kind of housing town is Woods Bay?

Read from the numbers below. The page puts what stands out first.

Prices climbing fastUp 18.3% in a year.A second-home town29% of homes are seasonal or vacation homes.

★ What stands out · Price trend

Home prices up 91% in 5 years

The federal house price index for the ZIP code around Woods Bay rose 91% over the past 5 years, faster than across Montana (62%). Last year prices rose 18%.

Woods Bay areaMontana

+18%

past year

+91%

past 5 years

+155%

past 10 years

Federal Housing Finance Agency House Price Index (annual) for the ZIP codes around Woods Bay, weighted by land area. It tracks repeat sales of the same homes, so it shows how prices changed, not what homes cost.

The homes

80% of Woods Bay households own their home

Half of Woods Bay’s homes were built before 1991.

Owners and renters

Own 80%Rent 21%

Montana: 69% own.

1991

typical home built · MT 1981

$2,200

median property tax bill · MT $2,693

0.43%

of a home’s value, a year in tax · MT 0.72%

29%

of homes are seasonal or vacation homes

U.S. Census Bureau, American Community Survey 2020-2024 · figures for a place this size carry wide margins of error.

Affordability

A typical home costs 8 years of income

More than across Montana (6.5 years). Try your own numbers below.

You could afford about

$267,000

Typical Woods Bay home $512K

That’s $246K short of a typical Woods Bay home.

The typical home, each month

$2,870

Loan $2,540Tax $180Insurance $150

A two-bedroom rents for about $1,780 a month here, $1,090 less than owning.

An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Woods Bay’s typical property tax (0.43% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.

Renting

A two-bedroom rents for about $1,780

Renters already here pay a median of $1,286, so moving in tends to cost more than staying put.

Fair Market Rent a month, utilities included

Studio$1,340

1 bedroom$1,360

2 bedrooms$1,780

3 bedrooms$2,320

4 bedrooms$2,810

21%

of households rent · MT 31%

renter households

$1,286

median rent paid today · Census

U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Flathead County, MT): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.

Neighbors talk housing

What Woods Bay buyers, sellers and renters are saying.

Town Square →

Weigh in

Is Woods Bay still affordable for young families?

Your answer becomes a post in Town Square.

Start the conversation

Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers. The calculator is an estimate, not a loan offer.