What percentage of people rent in Three Forks, MT?

26.8% (±10.8 points) of the occupied homes in Three Forks, MT are rented (2020–2024 American Community Survey).

That is 239 renting households against 652 that own their home.

In Three Forks, the share of households that rent went from 32.7% in 2015–2019 to 26.8% in 2020–2024 (−5.9 percentage points), not a measurable change.

Figures last updated on .

Households that rent
26.8% (±10.8 points)
Renting households
239 (±99)
Median renter income
$57,422 (±$28,963)

Who rents and who owns in Three Forks

Tenure, estimate (90% margin of error)
Three ForksGallatin CountyMontanaUnited States
Renter-occupied share26.8% (±10.8 points)38.9% (±1.4 points)30.8% (±0.5 points)34.8%
Renting households239 (±99)19,945 (±709)141,459 (±2,303)45,017,354
Owning households652 (±147)31,270 (±869)317,400 (±3,818)84,210,142
Average renter household size2.2 (±0.7)2.1 (±0.1)2.1 (±0.0)2.3
Average owner household size2.1 (±0.3)2.5 (±0.0)2.5 (±0.0)2.6
Median renter household income$57,422 (±$28,963)$68,740 (±$4,174)$48,192 (±$1,103)$52,966
Median owner household income$83,525 (±$17,225)$114,831 (±$4,523)$85,804 (±$1,088)$100,009

In Three Forks, the renter share is lower than in Gallatin County (38.9%).

It is not measurably different from Montana (30.8%).

It is not measurably different from the national figure (34.8%).

In Gallatin County, Three Forks ranks 5 of 9 places with a published estimate, from highest to lowest renter share.

Statewide, it ranks 84 of 167.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How renting in Three Forks has changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
2015–20192020–2024Amount of changeVerdict
Households that rent32.7% (±10.6 points)26.8% (±10.8 points)−5.9 percentage pointsNot a measurable change
Median gross rent$1,083 (±$138)$1,330 (±$84)+22.8%No measurable change after inflation
Median household income$65,357 (±$11,807)$79,784 (±$16,819)+22.1%No measurable change after inflation

The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.

Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.

The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.

Households that rent in places near Three Forks

Nearest places with a published estimate, compared with Three Forks
PlaceDistanceHouseholds that rentCompared with this place
Three Forks—26.8% (±10.8 points)—
Wheatland5.2 mi0.0% (±6.4 points)Lower
Manhattan11 mi25.0% (±10.2 points)Not measurably different
Churchill15 mi17.9% (±6.8 points)Not measurably different
Belgrade20 mi43.9% (±5.2 points)Higher
Four Corners24 mi22.5% (±8.5 points)Not measurably different
King Arthur Park26 mi38.3% (±18.7 points)Not measurably different
Whitehall26 mi34.9% (±10.2 points)Not measurably different
Bozeman28 mi55.3% (±2.8 points)Higher

Nearby places with a measurably lower figure: Wheatland, MT (0.0%).

Nearby places with a measurably higher figure: Belgrade, MT (43.9%), Bozeman, MT (55.3%).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Households that rent across Gallatin County, place by place

RankPlaceHouseholds that rent
1West Yellowstone60.9% (±12.5 points)
2Bozeman55.3% (±2.8 points)
3Belgrade43.9% (±5.2 points)
4King Arthur Park38.3% (±18.7 points)
5Three Forks26.8% (±10.8 points)
6Manhattan25.0% (±10.2 points)
7Four Corners22.5% (±8.5 points)
8Churchill17.9% (±6.8 points)
9Big Sky15.9% (±8.9 points)

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

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Questions about Three Forks

How many renters are there in Three Forks?

Three Forks has an estimated 239 (±99) renting households, 26.8% of its occupied homes (2020–2024 American Community Survey).

Is renting growing in Three Forks?

In Three Forks, the share of households that rent went from 32.7% in 2015–2019 to 26.8% in 2020–2024 (−5.9 percentage points), not a measurable change.

How big are renting households in Three Forks?

A renting household in Three Forks has 2.2 people on average, against 2.1 in an owned home.

How much do renters earn in Three Forks?

The median renting household in Three Forks, MT has an income of $57,422 (±$28,963) a year, against $83,525 for households that own their home.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Three Forks city, Montana (place:73975, in state:30).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B19013_001E, B19013_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0047PE, DP04_0047PM, DP04_0047E, DP04_0047M, DP04_0046E, DP04_0046M, DP04_0049E, DP04_0049M, DP04_0048E, DP04_0048M, B25119_003E, B25119_003M, B25119_002E, B25119_002M

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.

Figures last updated on .

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