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New report to address affordable housing crunch in Missoula - KPAX.com | Continuous News | Missoula & Western Montana

New report to address affordable housing crunch in Missoula

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MISSOULA - The Missoula Organization of Realtors will present results of a new study into affordable housing in the Garden City this week, taking a close look at the housing crunch that’s put increasing pressure on working families and individuals.

The survey, “Making Missoula Home: A Path to Attainable Housing” looks at the current state of Missoula’s housing market and ways to promote more affordable housing. 

MOR launched the story about a year ago, hoping to find some reasons,and possible solutions, for the growing shortage of affordable homes.

Since the recovery from the 2009 recession, prices have been climbing while the supply of homes, especially in the sub-$300,000 price range has been extremely tight. 

At the same time, most new homes being built cost more than $300,000 or even $400,000.

The study, involving partners and data from both the public and private sector, looks at not only the housing supply and prices, but also whether people are making enough money to afford the homes that are available. 

The full report will be released on Tuesday with a free, public presentation at the Holiday Inn Parkside starting at 10 a.m.

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