The Facts…
Courtesy of Missoula Organization of Realtors 2022 Housing report (MOR Housing report)
Of the total homeless population in Missoula, the majority are not long-term or chronically houseless - meaning they have not been unhoused continuously or repeatedly over the past three years.
Average 1-bedroom apartment rent jumped above the Maximum Supplemental Security Income (SSI) benefits in 2020
Missoula’s Rental market has been below a “healthy market” range since the beginning of 2018
57%
Average home price increase between January 2020 and January 2022
58%
Home inventory decrease between January 2022 and January 2022
$96,661
…is the gross household income needed to purchase a median-priced home in 2020 without being considered cost-burdened (spending more than 30% of income on mortgage payments). This figure directly translates to the amount of money renters will be charged to rent such properties.