The real estate market in Montana and specifically in Missoula has been an interesting topic of conversation. If you ask most people they have an opinion on the topic. Both home owners and renters are affected by what is happening with the market. I recently found a piece of paper from 2006 that had information about what was happening that year. They listed the "average new home price" at $111,600. That was only 18 years ago.

According to a recent article from KGVO's Peter Christian, who interviewed Brint Wahlberg from Windemere Real Estate about the state of Missoula's real estate market, he said, “A single-family home in Missoula for 2023 sits just under $585,000."

Related: Realtor Says Missoula Market In 'Moment of Dramatic Changes'

According to Zillow the average home price in Missoula is $532,339. Even though it may seem like it is difficult to find a home that is under the average price. There are some that are available. Here are four Missoula homes that are not only below the average, but are below $500,000 for sale.

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Missoula Homes For Sale Under $500,000

1637/1639 S. 8th Street West is listed at $498,000. This is an unusual property that contains two living areas. There is a front house that is 2 bedrooms and 1 bath. There is also a back house that is 1 bedroom and 1 bath. Listed by Julie Lynch from Berkshire Hathaway Homeservices Montana Properties.

Credit: Julie Lynch/Berkshire Hathaway Homeservices
Credit: Julie Lynch/Berkshire Hathaway Homeservices Montana Properties
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Credit: Julie Lynch/Berkshire Hathaway Homeservices
Credit: Julie Lynch/Berkshire Hathaway Homeservices Montana Properties
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Credit: Julie Lynch/Berkshire Hathaway Homeservices
Credit: Julie Lynch/Berkshire Hathaway Homeservices Montana Properties
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Credit: Julie Lynch/Berkshire Hathaway Homeservices
Credit: Julie Lynch/Berkshire Hathaway Homeservices Montana Properties
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Credit: Julie Lynch/Berkshire Hathaway Homeservices
Credit: Julie Lynch/Berkshire Hathaway Homeservices Montana Properties
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Credit: Julie Lynch/Berkshire Hathaway Homeservices
Credit: Julie Lynch/Berkshire Hathaway Homeservices Montana Properties
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512 N. 1st Street West this is a 2 bedroom 1 bathroom home listed for $399,000. It is a Northside home 788 square feet. Listed by Mike Bryan from Berkshire Hathaway Homeservices Montana Properties.

Credit: Mike Bryan/Berkshire Hathaway Homeservices
Credit: Mike Bryan/Berkshire Hathaway Homeservices Montana Properties
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Credit: Mike Bryan/Berkshire Hathaway Homeservices Montana Properties
Credit: Mike Bryan/Berkshire Hathaway Homeservices Montana Properties
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Credit: Mike Bryan/Berkshire Hathaway Homeservices Montana Properties
Credit: Mike Bryan/Berkshire Hathaway Homeservices Montana Properties
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Credit: Mike Bryan/Berkshire Hathaway Homeservices Montana Properties
Credit: Mike Bryan/Berkshire Hathaway Homeservices Montana Properties
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Credit: Mike Bryan/Berkshire Hathaway Homeservices Montana Properties
Credit: Mike Bryan/Berkshire Hathaway Homeservices Montana Properties
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2320 Summit Drive 3 bedroom 1.5 bath home with 1,184 square feet. Listed for $455,000 in the South Hills area. Listed by Holly Bitz from Engel & Völkers Missoula.

Credit: Holly Bitz/ Engel & Völkers Missoula
Credit: Holly Bitz/ Engel & Völkers Missoula
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Credit: Holly Bitz/ Engel & Völkers Missoula
Credit: Holly Bitz/ Engel & Völkers Missoula
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Credit: Holly Bitz/ Engel & Völkers Missoula
Credit: Holly Bitz/ Engel & Völkers Missoula
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Credit: Holly Bitz/ Engel & Völkers Missoula
Credit: Holly Bitz/ Engel & Völkers Missoula
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820 Byron Street is a 2 bedroom 1 bath home with 768 square feet of living space. It is listed for sale for $199,000 by Michael Hyde of Keller Williams Western Montana Realty.

Credit: Michael Hyde/Keller Williams Western Montana Realty
Credit: Michael Hyde/Keller Williams Western Montana Realty
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Credit: Michael Hyde/Keller Williams Western Montana Realty
Credit: Michael Hyde/Keller Williams Western Montana Realty
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Credit: Michael Hyde/Keller Williams Western Montana Realty
Credit: Michael Hyde/Keller Williams Western Montana Realty
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Credit: Michael Hyde/Keller Williams Western Montana Realty
Credit: Michael Hyde/Keller Williams Western Montana Realty
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Credit: Michael Hyde/Keller Williams Western Montana Realty
Credit: Michael Hyde/Keller Williams Western Montana Realty
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These are just a few choices for homes in Missoula for sale under $500,000. Home prices in Missoula have been known to dip a bit in winter. In a few months when spring arrives in Montana it remains to be seen what choices, if any, there will be priced below the average.

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If you've ever wondered what the penthouse on the fourth floor of the Historic Wilma Theater looks like, here's a peek inside.

Gallery Credit: Ashley

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