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Medicine Lake, MT
Full City Profile · Montana · Sheridan County County
3.1
/5.0
B
Good
190
Population
475/sq mi density
$41,000
Median Income
$36,117 per capita
$95,000
Home Value
$123,008 Zillow
$492
Median Rent
29.4% income on rent
39°F
Avg Temperature
274 sunny days/yr
183
Violent Crime/100K
1,223 property/100K
B
Overall
3.1 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.8 / 5.0
$41,000 median income, 2.4% unemployment
A+
Affordability
5.0 / 5.0
$95,000 home value, $492/mo rent
F
Safety
1.0 / 5.0
183 violent crimes/100K
C+
Education
2.7 / 5.0
21.6% bachelor's degree or higher
Housing Overview
Median Home Value
$95,000
66% below
US avg: $281,900
Median Rent
$492/mo
58% below
US avg: $1,163/mo
Homeownership Rate
71.8%
10% above US avg (65.4%)
Total Housing Units
141
Median year built: 1964
Home Value by Source
Census Median
$95,000
Zillow (ZHVI)
$123,008
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
71.8%
Owner-Occupied
28.2%
Renter-Occupied
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:
$492/mo
Affordability & Housing Stock
Rent Burden
29.4%
of renters spending 30%+ of income on housing
5% below US avg (31.0%)
Median Year Built
1964
Average age of housing stock: 62 years
Homeownership Rate
71.8%
Complete Housing Data
Home Values
| Census Median Value | $95,000 |
| Zillow Home Value (ZHVI) | $123,008 |
Rent
| Census Median Rent | $492 |
| FMR Studio | $988 |
| FMR 1-Bedroom | $1,076 |
| FMR 2-Bedroom | $1,336 |
| FMR 3-Bedroom | $1,789 |
| FMR 4-Bedroom | $2,113 |
Market
Ownership & Stock
| Owner-Occupied | 71.8% |
| Renter-Occupied | 28.2% |
| Homeownership Rate | 71.8% |
| Total Housing Units | 141 |
| Median Year Built | 1964 |
| Rent Burden | 29.4% |