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Cascade County, MT

Great Falls

RANK #512 / 996 NAT  ·  POP 84,423

1YR FORECAST: +2.5%

5YR OUTLOOK: +23%

Cascade County's housing market is projected to grow +2.5% over the next year, below the national average.

[01] Why Cascade County?

Cascade County, Montana, is defined by the Missouri River and its dramatic Great Falls, which Lewis and Clark were forced to portage around in 1805. The county seat, Great Falls, is Montana's third-largest city and serves as a regional hub, located about 180 miles from Glacier National Park. Commuting within Great Falls is typically short, with over 80% of residents traveling to work in under 20 minutes. The area offers extensive outdoor recreation, including over 50 miles of trails along the Missouri River for biking and hiking, and access to Giant Springs State Park, one of the largest freshwater springs in the country. The county's landscape blends rolling plains with parts of the Rocky, Little Belt, and Highwood Mountains, providing diverse scenery and recreational opportunities like fishing, hunting, and skiing.

Life in Cascade County offers a blend of community and access to nature. The public school system includes districts like Great Falls Elementary and Cascade Public Schools. While population growth has been steady, the county has seen recent economic activity driven by investments in data centers and energy sectors. Malmstrom Air Force Base is a significant employer in the area. The average commute time is 16.5 minutes, with most residents driving alone, though public bus services are available in Great Falls.

[02] Market Snapshot

Housing Ratio
4.4x

Below national median (4.7x)

GDP Growth
+3.5%

Above national median

Home Prices
+4.4%

Outpacing national median

Climate & Terrain
2.2

Moderate climate & terrain

Price/Rent
14x

Above national median (13x)

Housing is fairly valued at 4.4x relative to local economic output. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    Malmstrom Air Force Base Military
    2,500+
  2. 2
    Benefis Health System Healthcare
  3. 3
    Great Falls Public Schools Education
    1,000+
  4. 4
    Great Falls Clinic Healthcare
  5. 5
    Walmart Retail
    500+
  6. 6
    City of Great Falls Government
  7. 7
    Cascade County Government
    250+
  8. 8
    Centene Healthcare
  9. 9
    D.A. Davidson Companies Finance
  10. 10
    Cargill Manufacturing
    100+

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[04] Home Value Growth vs National

Cascade County U.S. National

The Numbers

DEMOGRAPHICS
Population
84,423
+0.29% YoY
Median Household Income
$61,351
Median Home Value
$227,600
+4.39% 12mo
Median Rent
$866
Average Annual Pay
$55,412
+4.7% YoY
Employment
36,513
+0.6% YoY
Income-to-Home-Value
0.2696
More affordable than average
Migration Inflow
2.75%
of pop. from another state
Bachelor's Degree+
27.6%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$378,000
Days on Market
94
Slower market
Months of Supply
3.6
Balanced market
Listings w/ Price Drops
18.4%
Building Permits (2024)
223
Single-Family Permits
164

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Crime & Safety

B-
SAFETY
GRADE
Homicide Rate
4.3
per 100K · nat avg 6.3
Firearm Fatalities
23.0
per 100K · nat avg 14.8
Injury Deaths
105.4
per 100K · nat avg 76.3
vs National Average
Below national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Air Quality

B+
AIR QUALITY
GRADE
Median AQI (3yr)
33.3
Good
Good Air Days
74%
795 of 1,075 days
Unhealthy+ Days (3yr)
19
Sensitive groups affected
Primary Pollutant
PM2.5
Fine particulate matter
Yearly Trend
2021
27
2022
23
2023
50
Median AQI · lower is better

Source: EPA Air Quality System (2021–2023). Grade based on 3-year average median AQI. Learn about AQI →

[07] Capital Investment

$790M
TOTAL
PROJECT AMOUNT STATUS
Project Cardinal Data Center
TAC Data Centers
$600M Planned
Montana Wind Harness Project (multiple sites including Cascade County)
Ameresco Inc.
$150M Planned
Spion Kop Wind Farm
NorthWestern Energy (purchasing power)
$40M Operating

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[08] Score Breakdown

GDP Growth +3.5% 65 percentile
Population Growth +0.3% 42 percentile
Income Growth +8.8% 59 percentile
Vacancy Rate 1.2% 40 percentile
Home Price Change +4.4% 86 percentile
Rent Growth +3.6% 61 percentile
Price/Rent 14x 42 percentile

Bars show percentile rank among all 996 counties.

[09] Frequently Asked Questions

Is Cascade County, MT a good place to move to?

Cascade County scores 48/100 on the Boom Town Index, landing in the middle of the pack among 996 U.S. counties (#512). Median household income is $61,351 and job growth is running at +0.6%. The data points to a county with mixed signals — some positive indicators alongside areas that lag faster-growing peers.

Is Cascade County affordable?

Housing in Cascade County is roughly in line with national affordability norms. The median home costs $227,600 and the income-to-home-value ratio sits at 0.27, with rents averaging $866/month. Not a bargain, but not a stretch for most local earners either.

Is Cascade County growing or shrinking?

Population and employment in Cascade County are both close to flat — population +0.3% YoY and jobs +0.6%. Home values shifted +4.4% over the past 12 months. A steady-state county, neither expanding quickly nor shrinking.

Are people moving to Cascade County?

There's a moderate stream of newcomers. About 2.75% of residents moved from another state, which is above average and suggests Cascade County has appeal as a relocation destination — though it's not among the highest-inflow counties nationally.

[10] Similar Counties by Size & Score

Lewis and Clark County, MT 57 Yellowstone County, MT 36 Flathead County, MT 33 Missoula County, MT 28 Gallatin County, MT 5 Clallam County, WA 48 Steuben County, NY 48 Rogers County, OK 48