It's always been a ski/fishing/hunting/Yellowstone destination, but with COVID making remote work more possible, it became a hot spot. We saw 28% appreciation in a year's time, but the market has definitely begun to normalized over the last several months.
What should I know before moving to Montana?
If you are already here, then you know about our long (but very sunny) winters in the southwestern part of the state. We get many, many more days of sun per year than other parts of the state, which makes spending time outdoors much more enjoyable. Another thing that many natives aren't aware of it Montana is a non-disclosure state, meaning sold prices are not public record. So using Zillow or other sites like it will not give you an accurate answer to what properties are selling for. Only a licensed real estate agent has access to that information.
How many people are moving to Montana?
An early 2022 report by NBC News on new state-to-state migration shows 73% of Montana moves are into the state, compared with 27% moving out. The next highest is Alaska with 67% inbound moves to 33% outbound moves. Montana has the highest proportion of inbound moves in the US. But if you are coming here from a larger metropolitan area, it's still a sleepy small and welcoming town by comparison.