Counties / Montana / Fergus County

Fergus County, MT

FIPS 30027 · population 11,687 · outside every metro area

$309k
Zillow home value · 2026-06
The numbers

What this county costs and earns

Everything here joins on the county FIPS code, so each figure comes from the agency that publishes it with no name matching in between.

Zillow home value
$309k
▲ 7.9% year over year
Zillow ZHVI · direct
ACS median gross rent
$954
occupied-unit survey; not current asking rent
Census ACS · surveyed
Gross yield
n/a
gross yield cannot be computed without measured market rent
requires both measured price and measured rent
HUD 2-bed standard
$1,446
the Section 8 payment standard
HUD Fair Market Rent · direct
Independent price check

Do two methods point the same way?

Zillow estimates a current home value. FHFA tracks repeat mortgage transactions. Their growth rates should be read side by side, not averaged.

Both annual signals move in the same direction
FHFA five-year cumulative+77.2%not annualized · through 2025
0%ZILLOW ZHVI2026-06+7.9%FHFA HPI2025+0.1%
Annual changes use different methods and may use different periods. The comparison checks direction and magnitude; it does not create a blended estimate. Zillow county ZHVI pulled 2026-07-26; FHFA annual county HPI pulled 2026-07-28.
Owner-reported value$236k
Surveyed gross rent$954
Rent burden 30%+39.6%
Median year built1966
Housing composition

Who occupies the stock—and what it is

ACS 2024 5-year
11.8%vacant
6,012estimated housing units
Occupied tenure36.6% renter
owner 63.4%renter 36.6%
Structure mix74.9% single-family
Single-family 74.9%20+ units 4.6%Mobile home 13.4%Other 7.2%
ACS estimates describe the standing housing stock and occupied tenure. They do not measure current listings, transaction prices or asking rents.

Survey source: Census ACS 5-year — county housing value, tenure and stock · ACS 2024 5-year · pulled 2026-07-30. These values describe different housing universes and are not combined into gross yield.

Annual average covered jobs4,699▲ 0.8% from the prior annual release
Covered establishments557annual average reporting locations
Average weekly wage$983▲ 4.8% from the prior annual release
Largest private supersectorTrade, transportation, and utilities23.2% of disclosed private covered jobs
Local labor base

Jobs, pay and private-sector concentration

2025
0%COVERED JOBS+0.8%WEEKLY WAGE+4.8%Trade, transportation, and utilities23.2%
Annual QCEW counts cover jobs located at reporting establishments. The industry share uses disclosed private covered employment; it is not a resident-employment measure or a forecast.

Workplace source: BLS QCEW — county employment and wages · annual county employment and wages 2025 vs 2024 · pulled 2026-07-31. QCEW counts covered jobs located in the county, not employed residents or the metro score’s CES/LAUS series.

County brief

What the local evidence says

01Decision frame

Fergus County’s decision tension is a much stronger Zillow county value movement than the FHFA annual HPI reading, alongside rising MLS supply and concessions. Buyers relying on appreciation alone warrant caution; the record is better suited to investigation where property-level rents, flood exposure and comparable sales can be tested. Zillow’s June 2026 county observation put median home value at $308,789, up 7.91%. FHFA’s annual 2025 repeat-transaction HPI rose 0.06%, and its cumulative change was 77.15%. FHFA is an index, not a home value; its different method and supplied period cannot be averaged with Zillow.

02Housing economics

Realtor.com’s June 2026 MLS evidence shows median listing price up 19.4%, while active listings increased 34.31% and 17.07% were price-reduced. Those are asking-price, visible-supply and seller-concession measures, not closed-sale prices or proof of buyer demand by themselves. The 0.75% effective property-tax rate is a carrying-cost input. Market rent is not published, so gross yield cannot be computed. HUD’s $1,446 FMR is a payment standard, not an asking-rent substitute.

03Demand & competition

QCEW’s annual 2025 record is covered employment at workplaces in the county, not resident employment, unemployment or a forecast. Trade, transportation, and utilities is its largest disclosed private supersector, rather than the whole economy. More tax-return households moved in than out, and average incoming AGI exceeded outgoing AGI by $5,298; together, these show a positive migration measure with higher reported mover income but do not establish renter or buyer depth. Investor mortgages represented 11.63% of 86 purchases, relevant competition but not evidence on cash buyers, acquisition prices or holding plans.

04Risk & next checks

Modeled expected annual climate loss equals 0.10% of building value, and inland flood is the dominant hazard. That county model does not replace parcel flood-zone, elevation, drainage, insurance-quote or claims review. Missing published market rent prevents yield testing; missing vacancy, lease, closed-sale, insurance and property-condition evidence prevents a supported income, exit-price or operating-cost conclusion. Next checks are lease comparables, transaction comps, tax assessment, and property-specific flood and insurance details.

Cities & communities

Where people live within Fergus County

Census-recognized incorporated places and CDPs that intersect this county. The list does not pretend to include every neighborhood or informal community.

Population scale

Largest Census places

ACS 2024 5-year
Lewistown city6.1KLewistown Heights CDP488Winifred town263Moore town224Denton town193Roy CDP129Grass Range town125Coffee Creek CDP61
Bars use total place population, not a county-share estimate. An asterisk marks a place that crosses a county line.
Official directory

17 Census places

Population
  1. 01
    Lewistown cityIncorporated place
    6,087
  2. 02
    Lewistown Heights CDPCensus-designated place
    488
  3. 03
    Winifred townIncorporated place
    263
  4. 04
    Moore townIncorporated place
    224
  5. 05
    Denton townIncorporated place
    193
  6. 06
    Roy CDPCensus-designated place
    129
  7. 07
    Grass Range townIncorporated place
    125
  8. 08
    Coffee Creek CDPCensus-designated place
    61
  9. 09
    Warm Spring Creek CDPCensus-designated place
    46
  10. 10
    King Ranch Colony CDPCensus-designated place
    38
  11. 11
    Deerfield Colony CDPCensus-designated place
    34
  12. 12
    Spring Creek Colony CDPCensus-designated place
    27
Show 5 more places
  1. 13
    Ayers Ranch Colony CDPCensus-designated place
    8
  2. 14
    Danvers CDPCensus-designated place
    6
  3. 15
    Brooks CDPCensus-designated place
    0
  4. 16
    Fords Creek Colony CDPCensus-designated place
    0
  5. 17
    Hilger CDPCensus-designated place
    0

Population is the total place-wide ACS estimate, not an allocated county share. A place crossing a county line is labelled explicitly. Source: Census ACS 5-year — cities and communities · ACS 2024 5-year · pulled 2026-07-30.

Risk, demand and competition

The three things a price does not tell you

01
Risk & carrying costFEMA NRI + Census ACS
Dominant hazardinland flooding

0.098% of building value expected lost per year

Effective property tax0.75%

$1,769 median annual bill

02
DemandIRS SOI household flows
Net migration+26

307 in · 281 out

Arriving vs leaving income+$5,298

$62,508 arriving · $57,210 leaving

03
CompetitionHMDA financed purchases
Purchases by investors11.6%

10 of 86 mortgages

investorother financed
Current listing pressure

What sellers and visible supply are doing

Realtor.com® Economic Research · county inventory 2026-06 · pulled 2026-07-28
Active listings69▲ 34.3% year over year
Median days on market58▼ 25.3% year over year
Listings price-reduced17.1%seller-concession signal
Median listing pricen/a▲ 19.4% year over year

Listing price is an asking price, not a closed sale. Quality-flagged county rows are withheld instead of displayed.

No rent index is published for this county.Zillow’s county rent series does not cover every county, and estimating one from a neighbouring county would be a guess wearing a number’s clothes. Everything above is measured here; no wider market is mapped for it either.
Bear case

What can break the county thesis

  1. Unpublished market rent, vacancy and operating costs may not support property-level income economics.
  2. Parcel flood exposure and insurance costs may differ materially from the county modeled climate-loss measure.
  3. MLS listings and county-level indices may not translate into achievable closed-sale prices for a specific asset.
Underwriting questions

Before pricing a property

Can gross yield be calculated from this record?

No. Market rent is not published, and HUD FMR cannot be substituted for market asking rent.

Does the employment evidence measure employment of county residents?

No. QCEW reports annual covered employment at workplaces located in the county.

Do the Realtor.com figures establish closed-sale pricing or buyer demand?

No. They are MLS listing-market measures of asking prices, visible inventory, marketing time and price reductions.