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Red Lodge, MT
Full City Profile · Montana · Carbon County County
2.8
/5.0
C+
Fair
2,399
Population
885/sq mi density
$43,857
Median Income
$44,784 per capita
$374,900
Home Value
$517,950 Zillow
$805
Median Rent
28.3% income on rent
43°F
Avg Temperature
276 sunny days/yr
216
Violent Crime/100K
993 property/100K
C+
Overall
2.8 / 5.0
Fair overall score based on economy, affordability, safety and education
B+
Economy
3.8 / 5.0
$43,857 median income, 2.5% unemployment
D
Affordability
1.8 / 5.0
$374,900 home value, $805/mo rent
F
Safety
1.0 / 5.0
216 violent crimes/100K
A+
Education
4.6 / 5.0
44.7% bachelor's degree or higher
Housing Overview
Median Home Value
$374,900
33% above
US avg: $281,900
Median Rent
$805/mo
31% below
US avg: $1,163/mo
Homeownership Rate
60.4%
8% below US avg (65.4%)
Total Housing Units
1,803
Median year built: 1969
Home Value by Source
Census Median
$374,900
Zillow (ZHVI)
$517,950
Median Sale Price
$270,000
Median List Price
$673,500
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
60.4%
Owner-Occupied
39.6%
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:
$805/mo
Market Indicators (Redfin)
Median Days on Market
290 days
Sale-to-List Ratio
0.0%
Buyers market
Homes Sold
3
Price Drops
17.9%
of listings with price reduction
Price Per Sq Ft
$462
Active Inventory
28
homes for sale
Affordability & Housing Stock
Rent Burden
28.3%
of renters spending 30%+ of income on housing
9% below US avg (31.0%)
Median Year Built
1969
Average age of housing stock: 57 years
Homeownership Rate
60.4%
Complete Housing Data
Home Values
| Census Median Value | $374,900 |
| Zillow Home Value (ZHVI) | $517,950 |
| Median Sale Price | $270,000 |
| Median List Price | $673,500 |
| Price Per Sq Ft | $462 |
Rent
| Census Median Rent | $805 |
| 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 Market | 290 |
| Sale-to-List Ratio | 0.0% |
| Price Drops | 17.9% |
| Homes Sold | 3 |
| Active Inventory | 28 |
| Price Per Sq Ft | $462 |
Ownership & Stock
| Owner-Occupied | 60.4% |
| Renter-Occupied | 39.6% |
| Homeownership Rate | 60.4% |
| Total Housing Units | 1,803 |
| Median Year Built | 1969 |
| Rent Burden | 28.3% |