Market Overview
Home Prices in Three Forks, MT
The median home value in Three Forks, MT is $562,965 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.3% compared to a year ago and up 2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Three Forks are priced37% above average. Three Forks is part of the Bozeman, MT metro area.
Over the past five years, Three Forks home values have risen by approximately22.9%, reflecting strong long-term appreciation in this market.
Price History
Three Forks Home Price Trend
City Comparison
Three Forks vs. National Median
At $562,965, homes in Three Forks cost 37% above the national median of $410,000. Buyers in Three Forks should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Three Forks?
20% Down Payment
$112,593
on $562,965
Monthly P&I
$2,936/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,729/mo
incl. taxes & insurance
Income Needed
$149,160
gross annual (30% rule)
10% Down Option
$56,297
+ PMI applies
Loan Amount (20% dn)
$450,372
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Three Forks, MT?
The median home value in Three Forks is $562,965 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.3% year-over-year.
How much have home prices changed in Three Forks?
Over the past year, home values in Three Forks have increased by 0.3%. Over five years, prices have risen approximately 22.9%.
How much do I need to earn to buy a home in Three Forks?
To comfortably afford the median home price of $562,965 with a 20% down payment ($112,593) at today's rates (6.8%), you'd need a gross annual income of approximately $149,160. This assumes keeping total housing costs at or below 30% of gross income.
How does Three Forks compare to the national average home price?
The national median home value is approximately $410,000. At $562,965, homes in Three Forks are 37% above the national average.
What metro area is Three Forks part of?
Three Forks is part of the Bozeman, MT metropolitan area. Home prices and market conditions can vary across the broader metro region.