Homeownership In Montana Could Be Impossible By The Year 2030

Where Are Montanans Going — And Why More May Leave Soon

Recently we published an article talking about where Montanans who have decided to leave the state are going to.

Unfortunately, I worry that we may lose even more residents over the next five years if a new housing projection proves to be accurate.

The Growing Housing Crisis In America

Across America the cost of housing is rising, most often faster than wages, which keeps some people in a perpetual state of renting.

According to Quartz, a website dedicated to news of the business world, 85% of people who rent are hoping to own their own home someday.

Together with HireAHelper (an online site helping people move), they have found the 10 states that are projected to have the biggest gap between wages and house prices by 2030.

States Facing The Largest Wage-Housing Gaps By 2030

Buying a home today is much harder to do than a decade earlier, thanks to rising home prices along with higher interest rates.

Building may become even more expensive in the coming years if tariffs on Canadian materials, such as lumber, steel, and iron, remain in effect. Estimates suggest that these tariffs could add an additional $14,000 to the cost of building by 2027.

Add into it Montana's already low wages, and the gap between wages and the cost of buying a home makes owning their own home a fairy tale for most people.

This isn't just a Montana problem; this is a problem across America, and these 10 states are the places it's going to be the worst within the next 5 years.