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These days, finding an affordable place to live in the Ravenna area can be challenging. Home prices in Ravenna are now at a median cost of $367,969, lower than the Montana average of $409,886.
The average cost of rent is $863/mo in Ravenna, primarily driven by the current value of real estate in the Ravenna area. In Ravenna, 20.82% of households rent, and 55.17% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Ravenna is $5,263 per month. Households that rent pay about 16.39% of their income on rent here. Ravenna’s most expensive areas are in the northern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Potomac, MT: higher priced homes
- Clinton, MT: higher priced homes
- Turah, MT: equally priced homes
- Piltzville, MT: higher priced homes
- Drummond, MT: equally priced homes
- Bonner, MT: higher priced homes
- Twin Creeks, MT: higher priced homes
- Stone, MT: equally priced homes
- New Chicago, MT: equally priced homes
- Greenough, MT: higher priced homes
Cities with Similar Populations
- Birds Landing, CA: higher priced homes
- Windhorst, KS: less expensive homes
- Brumley, TX: less expensive homes
- Brownell, KS: less expensive homes
- Brogan, OR: less expensive homes
- Bristol Village, OH: less expensive homes
- Bridgeville, NJ: equally priced homes
- Brereton, IL: less expensive homes
- Bluff City, KY: less expensive homes
- Blue Grass, VA: less expensive homes
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