Cut Bank, MT

This city of 2,987 residents needs 87 more housing units over the next five years.

Housing snapshot

Population
2,987 (2026)
Households
1,122
Median household income
$56,891 (2026)
Typical home value
$163,454
Owner-occupied
56%
Five-year housing need
87 units

Comparison to other Montana municipalities

Cut Bank: $56,891 Median income (2026 estimate)
<$26K >$115K
Cut Bank: 0.96 jobs to household ratio
<0.55 >2.13
Cut Bank: No permit data
<0.1% >15.1%
On this page

How affordable is this community?

At $163,454, homes in Cut Bank, MT cost well below the Montana average of $296,624. Cut Bank, MT's median household income of $56,891 comfortably exceeds what is needed to afford the typical home, making this a relatively affordable market.

This chart tracks whether housing prices are keeping pace with local incomes. The gap between what homes cost and what households can afford reveals affordability trends over time.

How is the population changing?

Cut Bank, MT has a population of roughly 3,028 that has been largely stable in recent years.

Population growth patterns reveal how communities are evolving. This chart shows historical population changes by age group and projects future trends based on demographic patterns.

How has employment changed over time?

Jobs by industry sector since 2012. Switch between local jobs — counted where the jobs are located — and resident jobs, counted where the workers live. On the local view the most recent year is a nowcast: it grows the latest local LODES job mix forward using recent county employment growth from QCEW and the BLS local employment series, so the newest point tracks today's economy instead of data that is roughly two years old.

How are households changing by income?

Cut Bank, MT has roughly 1,122 households and a population that has been largely stable in recent years.

Understanding how households at different income levels are growing or declining helps identify which groups face the greatest housing pressure and where new housing is most needed.

Who lives here today?

The housing stock in Cut Bank, MT is heavily oriented toward detached single-family, which makes up 82% of units. Homeownership is the norm in Cut Bank, MT, with 56% of units owner-occupied.

Households may have different structure type preferences depending on characteristics such as household size, income, employment, presence of children, age of individuals, and lifestyle choices. Understanding the housing stock in corresponding terms helps assess how well existing units align with existing households' ideals.

What does the housing stock look like?

The mix of housing types and ownership patterns shapes a community's character. This chart breaks down housing units by structure type and whether they're owner-occupied or rented.

How much new housing supply is needed?

To keep up with growth and fill current housing shortages, Cut Bank, MT needs 87 new units over the next 5 years.

87
Units to address shortages in existing housing stock
Production needs to address vacancy rates and other factors.
8
Replacement housing
Effective annual loss rate is 1.2 per 1,000 units.
28
Rental vacancy adjustment
Rental vacancy is 0.0%. This is below the minimum stable target of 7.4%.
7
Overcrowding adjustment
Overcrowding rate is 4.0%. This is above National avg. of 3.4%.
44
Substandard housing adjustment
Substandard housing rate is 5.01%. This is above National avg. of 0.98%.
87
Total 5-year housing production need (2026-2031)
17
Annual production pace
Average units needed per year to meet 5-year need
6.7%
Total housing unit growth
Percent increase in housing stock over 5 years
1.3%
Annual housing unit growth
Average percent increase in housing stock per year

How does this place compare to similar communities?