Three Forks, MT
Population 2,034 · Montana
About Three Forks, MT
Three Forks is a small town located in Montana with a population of 2,034 residents according to the latest US Census Bureau American Community Survey data. The median household income is $80,394 per year, which is 7% above the national median of $75,149. The median age of 42.6 years is notably older the US median age of 38.9 years, suggesting a more established community with a higher proportion of long-term residents.
Housing Market Overview
The housing market in Three Forks features a median home value of $382,400, which is 56% above the national median of $244,900. This places Three Forks in a higher-cost housing market, where property demand often outpaces supply. Median monthly rent is $1,263, 9% above the national average of $1,163/month. Of the 895 total housing units, 75% are owner-occupied (660 units) and 25% are renter-occupied (219 units). The high homeownership rate suggests a stable, established residential community.
Economy & Employment
The local economy in Three Forks shows an unemployment rate of 1.1%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 6.7%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Three Forks have an average one-way commute time of 21.7 minutes.
Education & Demographics
21.3% of Three Forks residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 1.7% White, 0.0% Hispanic or Latino, 0.0% Black or African American, and 1.2% Asian residents, with 2.4% of the population being foreign-born.
How Three Forks Ranks in Montana
Cost of Living in Three Forks, MT
Compared to national averages, Three Forks has a median household income of $80,394 (7% above the national median of $75,149). Home values average $382,400, which is 56% above the national median. Monthly rent at $1,263 is 9% above the US average of $1,163. Within Montana, Three Forks's income is 22% above the state average of $65,821, and home values are 32% above the state median of $288,703.
Why Live in Three Forks, MT?
Three Forks offers a strong local economy with a median household income of $80,394, well above the national average, and a strong job market with an unemployment rate of just 1.1%, and a low poverty rate of 6.7%, better than the national average. Additionally, the city features short commute times averaging just 21.7 minutes.
Potential considerations include a competitive housing market where the typical home costs $382,400. However, Three Forks’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Three Forks has a population of 2,034 with a median age of 42.6 years. Compare Three Forks with other cities to see how it stacks up, or explore all cities in Montana.
Similar Cities Near Three Forks
Cities in Montana with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Eureka | 2,009 | $43,750 | $172,300 | Compare |
| East Missoula | 2,072 | $65,541 | $323,900 | Compare |
| West Glendive | 1,968 | $57,743 | $179,700 | Compare |
| Roundup | 1,964 | $57,632 | $118,300 | Compare |
| Ronan | 1,962 | $41,429 | $201,700 | Compare |
| Crow Agency | 2,110 | $49,333 | $88,500 | Compare |
| Lame Deer | 1,939 | $26,364 | $117,300 | Compare |
| Columbus | 1,925 | $62,500 | $264,000 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Montana
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
Compare Three Forks With Other Cities
Frequently Asked Questions about Three Forks
What is the population of Three Forks, MT?
The population of Three Forks, MT is 2,034 according to the latest US Census Bureau American Community Survey estimates. This makes it a small town in Montana.
What is the median household income in Three Forks?
The median household income in Three Forks, MT is $80,394 per year, which is 7% above the national median of $75,149.
What is the median home value in Three Forks?
The median home value in Three Forks, MT is $382,400, which is 56% above the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Three Forks?
The median monthly rent in Three Forks, MT is $1,263, which is 9% above the national average of $1,163/month.
What is the unemployment rate in Three Forks?
The unemployment rate in Three Forks, MT is 1.1%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Three Forks, MT a good place to live?
Three Forks offers above-average incomes, a competitive housing market, and a strong job market. With a population of 2,034 and a median age of 42.6, the city appeals to a broad range of residents.
How educated is Three Forks, MT?
21.3% of residents in Three Forks aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Three Forks?
Key cost-of-living indicators for Three Forks, MT: median home value is $382,400 (56% above national), median rent is $1,263/month, and median household income is $80,394. The home-value-to-income ratio is 4.8x, a moderate figure by national standards.
What is the poverty rate in Three Forks?
The poverty rate in Three Forks, MT is 6.7%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Three Forks, MT?
Three Forks's population is 1.7% White, 0.0% Hispanic or Latino, 0.0% Black or African American, 1.2% Asian, and 0.0% two or more races. 2.4% of residents are foreign-born.