Red Lodge, MT 59068 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Red Lodge, MT—59068

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$503,000

4.2% YoY Growth

Household Income

$63,700

27.1% YoY Growth

Days on Market

132

19.0% Longer YoY

Home Price Forecast

3.2%

Median Rent

$2,000

60.3% YoY Growth

1-Bed Rent

$1,070

19.2% YoY Growth

2-Bed Rent

N/A

3-Bed Rent

$2,000

32.4% YoY Growth

Home Price Trends — Red Lodge, MT

As of Dec '25, the median home price in Red Lodge, MT is $503,000, with a year-over-year change of 4.2%. This indicates that home prices in Red Lodge, MT are increasing. According to Zillow, the 1-year price projection is 3.2%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$503,000	4.2%
Single Family	$509,000	3.9%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Red Lodge, MT

As of July '25, Rentcast reports the average rent in Red Lodge, MT is $1,860, with a year-over-year rent change of 60.3%. Per bedroom, the median rent as of July '25 in Red Lodge, MT is 1-bedrooms: $1,070, 3-bedrooms: $2,250. The most common rental property sizes in Red Lodge, MT are 1-bedroom and 3-bedroom, accounting for 43.0% and 24.6% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$2,000	$1,860
Studio Rent	N/A	N/A
1 Bed Rent	$1,070	$1,070
2 Bed Rent	N/A	N/A
3 Bed Rent	$2,000	$2,250
4 Bed Rent	N/A	N/A

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% of Rental Stock

Studio

10.5%

1 Bedroom

43.0%

2 Bedrooms

16.3%

3 Bedrooms

24.6%

4 Bedrooms

4.4%

5+ Bedrooms

1.3%

Property Listings — Red Lodge, MT

As of Dec '25, Realtor.com reports that the median days on market for a home in Red Lodge, MT is 150. This is a increase of 24.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 12.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$657,000	11.0%
Listing Count	74	-17.0%
Listings as % of Homes	1.3%	-17.0%
Days on Market	132	19.0%

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Demographics — Red Lodge, MT

As of the latest ACS Survey released in 2023, Red Lodge, MT has a population of 3,510, which has decreased by -1.4% over the past 5 years. Red Lodge, MT is a less popular place for families, as children make up 13.0% of the population. The area has a highly educated workforce, with 46.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.6% reporting working from home.

Metric	Latest Census	YoY % Change
Population	3,510	-1.4%
% Under 18	13.0%	-9.1%
% Seniors	34.6%	35.2%
% WFH	15.6%	5.4%
% w/ College Degree	46.7%	14.5%

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As of the latest ACS Survey released in 2023, Red Lodge, MT is a predominantly white area, with 92.1% of the population identifying as white. The white population has shrunk by 1.2% in the last 5 years. The second most common race or ethnicity in Red Lodge, MT is hispanic, making up 2.3% of the population. Foreign-born residents account for 2.8% of the population in Red Lodge, MT, and this percentage has increased by 86.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	92.1%	-1.2%
% Black	1.3%	116.7%
% Hispanic	2.3%	-39.5%
% Asian	1.4%	250.0%
% Foreign Born	2.8%	86.7%

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Mortgage and Risk — Red Lodge, MT

According to HUD data as of 2023, there were 102 mortgage originations in Red Lodge, MT, of which 96.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 3.0% above 90% LTV (normal). This implies small mortgage risk in Red Lodge, MT. Investor activity is low, as 10.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	102
% Conventional Loans	96.0%
% Government Loans	4.0%
% Investor Loans	10.0%
% Second Loans	26.0%
% Cash Out Refinance	7.0%

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Rentals and Section 8 — Red Lodge, MT

Red Lodge, MT lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	28
Total Units Section 8	28
% Rentals under Section 8	6.6%
% Occupied Section 8	74.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$270	$1,070	$800
2 Bedroom	N/A	N/A	$1,040
3 Bedroom	-$570	$2,000	$1,430
4 Bedroom	N/A	N/A	$1,610

Red Lodge, MT—59068

Key Metrics at a Glance

Home Price Trends — Red Lodge, MT

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Red Lodge, MT

% of Rental Stock

Property Listings — Red Lodge, MT

Demographics — Red Lodge, MT

Race and Ethnicity

Mortgage and Risk — Red Lodge, MT

Mortgages

Rentals and Section 8 — Red Lodge, MT

Section 8 Market Size

Section 8 Opportunity

Affordability — Red Lodge, MT

Home Price to Income Ratio

Red Lodge, MT — ZIP Code Boundary Map

Nearby ZIP Codes

Fishtail, MT

Roberts, MT

Absarokee, MT

Belfry, MT

Boyd

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	6.8
Median Home Price	$503,000
Median Household Income	$63,700

Red Lodge, MT—59068

Key Metrics at a Glance

Home Price Trends — Red Lodge, MT

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Red Lodge, MT

% of Rental Stock

Property Listings — Red Lodge, MT

Demographics — Red Lodge, MT

Race and Ethnicity

Mortgage and Risk — Red Lodge, MT

Mortgages

Rentals and Section 8 — Red Lodge, MT

Section 8 Market Size

Section 8 Opportunity

Affordability — Red Lodge, MT

Home Price to Income Ratio

Red Lodge, MT — ZIP Code Boundary Map

Nearby ZIP Codes

Fishtail, MT

Roberts, MT

Absarokee, MT

Belfry, MT

Boyd

Frequently Asked Questions

What is the average home price in Red Lodge, MT 59068?

How have home prices in Red Lodge, MT 59068 changed over the past year?

What is the home price projection for Red Lodge, MT 59068?

What are the demographics of Red Lodge, MT 59068?

How long does it take homes to sell in Red Lodge, MT 59068?

What is the average rent price in Red Lodge, MT 59068?