Affordable housing is a real concern for Missoulians. Missoula, as well as places like Bozeman, have seen housing prices rise precipitously in recent years.
In Missoula, the Office of Housing & Community Development reported that a majority of respondents said housing was too expensive in the 2020 Community Needs Assessment.
What’s the deal with affordable housing in Missoula? Why does it cost so much to own a house or rent here? Are greedy developers and Californians are flooding the market with above market cash offers?
It’s not quite that simple.
Matt Mellott, CCIM dives into the data and explores some factors that are making Missoula’s housing so expensive.