Red Lodge, MT is a great place to invest in housing. The median value of houses in Red Lodge is $431,200, which is significantly higher than the US median house value of $338,100. In addition, the 1 year house appreciation rate in Red Lodge is 21.29%, more than double the 8.27% national average. This makes Red Lodge an attractive option for those looking to purchase and invest in housing within the US.
The median home cost in Red Lodge is $431,200. Home appreciation the last 10 years has been 117.4%. Home Appreciation in Red Lodge is up 19.9%.
Average Age of Homes
- The median age of Red Lodge real estate is 56 years old
The Rental Market in Red Lodge
- Renters make up 20.3% of the Red Lodge population
- 5.5% of houses and apartments in Red Lodge, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.