Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Medicine Lake area can be challenging. Home prices in Medicine Lake are now at a median cost of $89,100, lower than the Montana average of $298,413.
The average cost of rent is $879/mo in Medicine Lake, primarily driven by the current value of real estate in the Medicine Lake area. While nearly 77.17% of residents own their homes outright in Medicine Lake, 22.50% rent.
Housing affordability isn’t just about home prices, though. The average household income in Medicine Lake is $5,000 per month. Households that rent pay about 17.58% of their income on rent here. Medicine Lake's most expensive areas are in the western regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- Homestead, MT: equally priced homes
- Reserve, MT: equally priced homes
- Antelope, MT: less expensive homes
- Froid, MT: higher priced homes
- Dagmar, MT: equally priced homes
- Plentywood, MT: higher priced homes
- Redstone, MT: equally priced homes
- Mccabe, MT: higher priced homes
- Raymond, MT: higher priced homes
- Grenora, ND: higher priced homes
Cities with Similar Populations
- Red Lake, TX: higher priced homes
- New Jasper, OH: higher priced homes
- New Minden, IL: higher priced homes
- New River, VA: higher priced homes
- New Rockport Colony, MT: higher priced homes
- New Salem, IN: higher priced homes
- New Vernon, PA: higher priced homes
- Newville, WI: higher priced homes
- North Bloomfield, NY: higher priced homes
- North Edinburg, PA: higher priced homes
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