The Most Affordable Neighborhoods in Reed Point, MT by Home Value

 

Reed Point, MT Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Reed Point area can be challenging. Home prices in Reed Point are now at a median cost of $318,148, higher than the Montana average of $298,413.

The average cost of rent is $1,028/mo in Reed Point, primarily driven by the current value of real estate in the Reed Point area. While nearly 50.80% of residents own their homes outright in Reed Point, 11.08% rent.

Housing affordability isn’t just about home prices, though. The average household income in Reed Point is $7,173 per month. Households that rent pay about 14.34% of their income on rent here. Reed Point's most expensive areas are in the southern regions, while the cheapest areas are in the eastern parts of the city.


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