Where Helena sits in State Wide Rental Prices.
A statewide survey, comparing rental rates in the seven major markets in Montana is shown above. Coming in right behind Billings and slightly higher than Great Falls, Helena’s rental rates have gone up 36% since Covid began in 2021. Our average vacancy lasts less than 9 days. From the investors vantage point this is extremely desirable, especially if you bought residential investment properties prior to Covid. Interestingly, while most people think of Missoula's prices being much higher than Helenas, Helena is only $.33 behind Missoula in the price per square foot model. With new rental units being built regularly and demanding higher rental prices due to higher end finishes and amenities, Helena’s rents will likely continue to rise and get close to the statewide average of $1.84 per square foot.
As experts in Helena’s rental market it is our job to keep our figure on Helena’s pulse and advise our clients accordingly. Keeping up with market rents is extremely beneficial for real estate investors as driving factors for the rise in rental costs are directly correlated with property owners operational costs. Property values, taxes, operational costs are changing so rapidly it can be difficult to keep up which is why we are here to help ensure that our clients stay ahead of rising costs.
Whether you are an accidental or first time landlord or an experienced investor we are here to meet you needs!
Beau Stumberg - CDO BIGFOOT Management Group
