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Lockwood, MT

Full City Profile · Montana · Yellowstone County County

3.0 /5.0
B Good
7,474 Population 581/sq mi density
$74,451 Median Income $34,833 per capita
$250,900 Home Value $475,949 Zillow
$995 Median Rent 25.9% income on rent
47°F Avg Temperature 311 sunny days/yr
378 Violent Crime/100K 4,476 property/100K
B
Overall
3.0 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.1 / 5.0
$74,451 median income, 2.8% unemployment
A+
Affordability
4.8 / 5.0
$250,900 home value, $995/mo rent
F
Safety
1.0 / 5.0
378 violent crimes/100K
C
Education
2.2 / 5.0
14.7% bachelor's degree or higher

Housing Overview

Median Home Value
$250,900
11% below
US avg: $281,900
Median Rent
$995/mo
14% below
US avg: $1,163/mo
Homeownership Rate
78.7%
20% above US avg (65.4%)
Total Housing Units
2,742
Median year built: 1980

Home Value by Source

Census Median
$250,900
Zillow (ZHVI)
$475,949
Median Sale Price
$440,000
Median List Price
$575,000
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

78.7%
Owner-Occupied
21.3%
Renter-Occupied
79%
21%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$988/mo
1 Bedroom
$1,076/mo
2 Bedroom
$1,336/mo
3 Bedroom
$1,789/mo
4 Bedroom
$2,113/mo
Census median rent: $995/mo

Market Indicators (Redfin)

Median Days on Market
91 days
Sale-to-List Ratio
0.0%
Buyers market
Homes Sold
3
Price Drops
9.1%
of listings with price reduction
Price Per Sq Ft
$199
Active Inventory
11
homes for sale

Affordability & Housing Stock

Rent Burden
25.9%
of renters spending 30%+ of income on housing
16% below US avg (31.0%)
Median Year Built
1980
Average age of housing stock: 46 years
Homeownership Rate
78.7%

Complete Housing Data

Home Values

Census Median Value$250,900
Zillow Home Value (ZHVI)$475,949
Median Sale Price$440,000
Median List Price$575,000
Price Per Sq Ft$199

Rent

Census Median Rent$995
FMR Studio$988
FMR 1-Bedroom$1,076
FMR 2-Bedroom$1,336
FMR 3-Bedroom$1,789
FMR 4-Bedroom$2,113

Market

Days on Market91
Sale-to-List Ratio0.0%
Price Drops9.1%
Homes Sold3
Active Inventory11
Price Per Sq Ft$199

Ownership & Stock

Owner-Occupied78.7%
Renter-Occupied21.3%
Homeownership Rate78.7%
Total Housing Units2,742
Median Year Built1980
Rent Burden25.9%