Red Lodge, MT


Highest Appreciating Red Lodge Neighborhoods Since 2000

Red Lodge, MT Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Red Lodge Housing Market Information

With a population of 2,222, 1,038 total housing units (homes and apartments), and a median house value of $254,095, Red Lodge real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Red Lodge, accounting for 79.14% of the city's housing units. Other types of housing that are prevalent in Red Lodge include duplexes, homes converted to apartments or other small apartment buildings ( 9.95%), large apartment complexes or high rise apartments ( 5.66%), and a few mobile homes or trailers ( 2.74%).

People in Red Lodge primarily live in small (one, two or no bedroom) single-family detached homes. Red Lodge has a mixture of owner-occupied and renter-occupied housing.

The housing in Red Lodge was primarily built before 1939 ( 42.79%), making the housing stock in Red Lodge some of the oldest overall in America, although there is a range of ages of homes in Red Lodge. The next most important housing age is between 1970-1999 ( 26.82%), followed by between 2000 and later ( 17.70%). There's also some housing in Red Lodge built between 1940-1969 ( 12.69%).

Vacant housing appears to be an issue in Red Lodge. Fully 38.14% of the housing stock is classified as vacant. Left unchecked, vacant Red Lodge homes and apartments can be a drag on the real estate market, holding Red Lodge real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Red Lodge Home Appreciation Rates

In the last 10 years, Red Lodge has experienced some of the highest home appreciation rates of any community in the nation. Red Lodge real estate appreciated 16.52% over the last ten years, which is an average annual home appreciation rate of 1.54%, putting Red Lodge in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Red Lodge definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Red Lodge's appreciation rate, at 3.73%, has been at or slightly above the national average. In the latest quarter, Red Lodge's appreciation rate has been -0.34%, which annualizes to a rate of -1.34%.

Relative to Montana, our data show that Red Lodge's latest annual appreciation rate is lower than 80% of the other cities and towns in Montana.

Average Home Values


Median Home Value:


Value Range
> $1,111,000 3.7
$833,001 - $1,111,000 0.0
$556,001 - $833,000 3.2
$445,001 - $556,000 0.7
$334,001 - $445,000 17.3
$222,001 - $334,000 41.5
$111,001 - $222,000 25.0
$56,001 - $111,000 4.1
$0 - $56,000 4.4

High for MT
High for Nation

Value Relative to Nation Value Relative to State
21.9031993437244 23.4375

Number Of Homes And Apartments:

Red Lodge Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
81.94% 3.53% 4 9
* 10 is highest

Rent & Ownership


Average Market Rent:
$1,020 / per month

Homeownership Rate

Owners 62.16
Renters 37.84
Vacant 38.14

Housing Market Details


Age of Homes

2000 or Newer 17.7
1970 - 1999 26.8
1940 - 1969 12.7
1939 or Older 42.8

Types of Homes

Single-Family 79.1
Townhomes 2.5
Small Apt. Buildings 10.0
Apt. Complexes 5.7
Mobile Homes 2.7
Other 0.0

Home Size

No Bedroom 5.01
1 Bedroom 16.21
2 Bedrooms 35.22
3 Bedrooms 34.15
4 Bedrooms 7.39
5 or more bedrooms 2.03

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Zip Codes in Red Lodge, MT