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Three Forks, MT

Full City Profile · Montana · Gallatin County County

3.1 /5.0
B Good
2,034 Population 1,413/sq mi density
$80,394 Median Income $35,314 per capita
$382,400 Home Value $540,645 Zillow
$1,263 Median Rent 27.3% income on rent
45°F Avg Temperature 311 sunny days/yr
190 Violent Crime/100K 1,139 property/100K
B
Overall
3.1 / 5.0
Good overall score based on economy, affordability, safety and education
A+
Economy
4.6 / 5.0
$80,394 median income, 0.7% unemployment
B+
Affordability
4.0 / 5.0
$382,400 home value, $1,263/mo rent
F
Safety
1.0 / 5.0
190 violent crimes/100K
C+
Education
2.7 / 5.0
21.3% bachelor's degree or higher

Housing Overview

Median Home Value
$382,400
36% above
US avg: $281,900
Median Rent
$1,263/mo
9% above
US avg: $1,163/mo
Homeownership Rate
75.1%
15% above US avg (65.4%)
Total Housing Units
808
Median year built: 1989

Home Value by Source

Census Median
$382,400
Zillow (ZHVI)
$540,645
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

75.1%
Owner-Occupied
24.9%
Renter-Occupied
75%
25%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$988/mo
1 Bedroom
$1,076/mo
2 Bedroom
$1,336/mo
3 Bedroom
$1,789/mo
4 Bedroom
$2,113/mo
Census median rent: $1,263/mo

Affordability & Housing Stock

Rent Burden
27.3%
of renters spending 30%+ of income on housing
12% below US avg (31.0%)
Median Year Built
1989
Average age of housing stock: 37 years
Homeownership Rate
75.1%

Complete Housing Data

Home Values

Census Median Value$382,400
Zillow Home Value (ZHVI)$540,645

Rent

Census Median Rent$1,263
FMR Studio$988
FMR 1-Bedroom$1,076
FMR 2-Bedroom$1,336
FMR 3-Bedroom$1,789
FMR 4-Bedroom$2,113

Market

Ownership & Stock

Owner-Occupied75.1%
Renter-Occupied24.9%
Homeownership Rate75.1%
Total Housing Units808
Median Year Built1989
Rent Burden27.3%