Libby, Montana Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Libby, Montana rental market.
Libby, Montana
Average Apartment Rent in August 2022
$837
Libby, Montana |Average apartment rent trend
Libby, Montana| Average apartment rent
Libby, Montana | Housing tenure**
Renters take up 36% of Libby, Montana real estate, occupying a total of 453 units, while homeowners live in 789 properties.
Median number of rooms of renter-occupied housing units**
4.2
Average household size of renter-occupied housing units**
2.31
Rental vacancy rate**
8.7%
Libby, Montana | Renter-occupied housing units by no. of bedrooms**
There are 200 rentals in Libby, Montana with 2 beds making up the highest share of the market, at 44%. Units with 5 or more beds, on the other hand, hold the lowest percentage (3%), amounting to 13 units. Overall, the median number of rooms in Libby, Montana homes for rent is 4.2.
Libby, Montana |Renter-occupied units by age of householder**
Most condos for rent in Libby, Montana are occupied by residents in the 45 - 54 years age group (20%), followed by those in the 60 - 64 years age group (19%). At the same time, people in the 15 - 24 years age group make up the lowest share of the local rental market – 5%.
Libby, Montana | Renter-occupied housing units by family type**
Libby, Montana | Renter-occupied housing units by the presence of own children**
A total of 164 apartments for rent in Libby, Montana, or 36% of all rentals are family households. Additionally, 26% of rental homes include children under the age of 18 – that’s 116 units. All in all, the median size of a renter-occupied household in Libby, Montana is 2.31.
Libby, Montana | Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 19% of the rental market. In contrast, residents with less than a high school degree reside in 5% of the homes for rent in Libby, Montana.
Libby, Montana | Renter-occupied units by year structure built**
The highest share of Libby, Montana apartment rentals, namely 30% or 137 units, were Built 1939 or earlier, followed by those Built 1980 - 1989 (20%, 92 units), and the ones Built 1970 - 1979 (19%, 87 units).
Libby, Montana | Renter-occupied units by year householder moved in**
Median year renter moved into unit2015
Most Libby, Montana renters (44%) moved in 2015 to 2016, while only 3% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Libby, Montana condos for rent is 2015.
Libby, Montana | Renter-occupied housing units by vehicles available**
When it comes to transportation options, 41% of Libby, Montana renters have 1 vehicle available per household, 26% of them have 2 vehicles available, and 20% have No vehicle available.
Libby, Montana | Means of transportation to work of householders living in renter-occupied housing units**
Libby, Montana |Geographical mobility in the past year for householders living in renter-occupied housing units**
Libby, Montana | Average apartment rent by zip codes
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Libby, Montana apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2020 American Community Survey 5-Year Estimates
