Expensive
Affordable
Affordable
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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 $449,697, higher than the Montana average of $409,886.
The average cost of rent is $991/mo in Red Lodge, primarily driven by the current value of real estate in the Red Lodge area. In Red Lodge, 29.39% of households rent, and 57.90% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Red Lodge is $6,848 per month. Households that rent pay about 14.47% of their income on rent here. Red Lodge’s most expensive areas are in the southwestern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Washoe, MT: higher priced homes
- Bearcreek, MT: less expensive homes
- Luther, MT: higher priced homes
- Roberts, MT: higher priced homes
- Belfry, MT: higher priced homes
- Roscoe, MT: higher priced homes
- Clark, WY: equally priced homes
- Bridger, MT: less expensive homes
- Boyd, MT: higher priced 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: equally priced homes
- Pitcairn, PA: less expensive homes
- Hazel Green, WI: less expensive homes
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