Montana · as of September 2026

What counts as luxury real estate in Montana

The convention this site uses

In Montana, this site treats homes at $1M and above as luxury. That is our own fixed band, set so the covered markets are the ones where the top of the market actually trades at that level. It is not a loan limit and it is not a median; the medians below are the middle of each market, and luxury inventory trades well above them. The rule and its reasoning are on the methodology page.

Montana's luxury markets by home value

Zillow Home Value Index, typical middle-tier home, latest month.

MarketMedian valueRanked agents
Big Sky$1,880,00010
Bozeman$620,00010
Kalispell$520,00010
Missoula$510,00010

What changes at this price in Montana

Each fact links to the statute or agency that says so. Facts we could not verify against an official source are left out rather than guessed.

State estate or inheritance tax
Montana levies no state estate tax and no inheritance tax, so only the federal estate tax applies to a large estate. Source