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Red Lodge city, MT

ZIP 59068 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Middle ClassLow Snow AreaRemote Work Hub

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 59068

Median Home Value
$413,900
Median Rent
$590
Affordability Snapshot
$114,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$2,659/mo PITI).

11%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

6.5x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

58.5 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 59068 in Red Lodge city, MT, a household would need roughly $114,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $2,659. That is about 79% above the local median household income ($63,704), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 34% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
67.1%+3% vs US avg
x
Vacancy Rate
34.5%+235% vs US avg
x
Broadband Access
88.0%+1% vs US avg
x
4+ Bedrooms
4.9%-67% vs US avg
x
Built Pre-1939
5.4%-58% vs US avg
x
Built Post-2014
1.2%-82% vs US avg
x
Rent Burden >30%
23.8%-52% vs US avg
x
Mortgage-Free
53.5%+40% vs US avg
x
$413,900
Home Value
$590
Rent
1975
Year Built
2012
Moved In

Residents have lived here since ~2012 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached81.5%
  • 1-unit attached3.1%
  • 2-9 units11.9%
  • 10+ units2.1%
  • Mobile home & other1.4%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$413,900
Median rent$590
Owner-occupied67.1%
Vacant34.5%
Price-to-income6.5x
Est. income to buy$114,000