Montana is the fourth largest state by area, with a population of 1,062,305 (U.S. Census Bureau, July 1, 2019). Throughout history, there have been important milestones that helped shape Montana. In 1803, the U.S. government acquired Montana as part of the Louisiana Purchase when President Thomas Jefferson paid $15 million to Napoleon Bonaparte. After the purchase, Montana became apart of the famous Lewis and Clark Expedition were Meriwether Lewis and William Clark, with the help of Sacagawea, reached the Yellowstone River in 1805. Montana's early economy was dependent on the fur trade until gold was discovered in 1864, which sparked the gold rush and creation of many boomtowns like Bannock, Nevada City, and Virginia City.
Today, Montana's economy has a GDP of $49 billion (Bureau of Economic Analysis, July 1, 2018), which is driven by these top industries: real estate, government, health care, retail trade, and construction. Many of the leading companies have their headquarters in Montana, including St. Patrick Hospital & Health, Iinnii Initiative, and Glacier Bancorp Inc, to name a few.
The most recognized cities in Montana are Billings, Helena, and Bozeman.
Billings can be found in southern Montana and has a population of 109,082. Billings is home to the Pictograph Cave State Park, Moss Mansion Museum, and ZooMontana. Over the last ten years, Billings' housing market has appreciated by 29.44%. When compared to the rest of the nation, Billings' housing prices are slightly higher, with the median home price of $206,100 and a median rent of $826.
Helena is the capital of Montana and has a population of 30,345. Helena is home to the Montana State Capitol, Cathedral of Saint Helena, and Mount Helena. Over the last ten years, Helena's housing market has appreciated by 27.64%. When compared to the rest of the country, Helena's housing prices are more expensive, with the median home price of $220,100 and a median rent of $797.
Bozeman is the capital of Montana and has a population of 43,132. Bozeman is home to the Museum of the Rockies, Gallatin History Museum, and American Computer & Robotics Museum. Over the last ten years, Bozeman's housing market has appreciated by 59.24%. When compared to the rest of the nation, Bozeman's housing prices are significantly higher, with the median home price of $310,800 and a median rent of $956.