Home Insurance in Missoula, Montana
With a median home value of $473,100, Missoula is close to the Missoula County median.
The typical home in Missoula was built around 1981. Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them. About 26% of homes were built before 1960, about 5 points above Missoula County's 20%.
Mobile and manufactured homes typically need a manufactured-home (HO-7) policy rather than a standard homeowners policy. The housing stock in Missoula is 55% single-family homes, 27% apartments in buildings with 5+ units and 4% mobile or manufactured homes. The rest are 2-4 unit or other housing types.
About 69% of owner-occupied homes in Missoula have a mortgage. Lenders require hazard (homeowners) insurance on any home carrying a mortgage.
Missoula has an owner-occupancy rate of 47% and a vacancy rate of 6%; unoccupied homes typically need a different coverage form.
Most homes in Missoula - 57% - are primarily heated with natural gas.
Missoula County's top FEMA-rated hazard is wildfire (Relatively Moderate), per FEMA's National Risk Index. Missoula County had 232 active NFIP flood policies as of September 2026. See the full Missoula County home insurance overview for all FEMA hazard ratings and flood coverage details.
In Montana, the statewide average premium for a standard HO-3 homeowners policy is $1,768 per year (NAIC, 2023 data).
Key figures
| Median home value | $473,100 |
|---|---|
| Median year built | 1981 |
| Owner-occupied share | 47% |
| Share of owner-occupied homes with a mortgage | 69% |
| Top county hazard | Wildfire (Relatively Moderate) |
| Active NFIP policies in Missoula County | 232 |
| Home insurance premium | $1,768 - statewide average (NAIC, 2023 data) |
Nearby towns
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)