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New 2024 Great Falls Housing Market Demand Assessment

GFDA

Bottom line: the data says we need more housing.

GFDA, along with Great Falls Homebuilders Association, NeighborWorks Great Falls, and the Great Falls Association of Realtors, commissioned an update of the 2022 Housing Market Demand Assessment. In April, the 2024 Housing Market Demand Assessment was completed by the Concord Group, a national leader in housing studies.

The scope of work included an assessment of key housing trends and demand drivers (including employment and demographic trends) for the Great Falls MSA as well as for the broader 13-County region.

Based on the findings of those analyses, Concord Group:

  • Assessed the current housing market
  • Projected demand for rental and for-sale housing in Cascade County over the next 10 years
  • Provided a menu of potential product types that would meet the forecasted demand across a range of income levels and housing preferences

A summary of the key findings in the Assessment was presented by Adam Seidman of the Concord Group in Great Falls on April 17, 2024.

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