Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Red Lodge area can be challenging. Home prices in Red Lodge are now at a median cost of $395,364, higher than the Montana average of $298,413.
The average cost of rent is $867/mo in Red Lodge, primarily driven by the current value of real estate in the Red Lodge area. While nearly 49.27% of residents own their homes outright in Red Lodge, 36.04% rent.
Housing affordability isn’t just about home prices, though. The average household income in Red Lodge is $4,327 per month. Households that rent pay about 20.04% of their income on rent here. Red Lodge's most expensive areas are in the eastern regions, while the cheapest areas are in the northeastern parts of the city.
Nearby Cities
- Washoe, MT: higher priced homes
- Bearcreek, MT: less expensive homes
- Luther, MT: higher priced homes
- Roberts, MT: less expensive homes
- Belfry, MT: equally priced homes
- Roscoe, MT: equally priced homes
- Clark, WY: less expensive homes
- Bridger, MT: less expensive homes
- Boyd, MT: less expensive homes
- Fromberg, MT: less expensive homes
Cities with Similar Populations
- Pullman, MI: less expensive homes
- Goreville, IL: less expensive homes
- Greenville, FL: less expensive homes
- Harpswell, ME: higher priced homes
- Hillsboro, AL: less expensive homes
- Middlefield, CT: less expensive homes
- Moss Beach, CA: higher priced homes
- Napavine, WA: less expensive homes
- Pitcairn, PA: less expensive homes
- Hazel Green, WI: less expensive homes
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