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Rent To Own Homes in Red Lodge, MT 59068

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Red Lodge, MT Foreclosures

How much do homes sell for in Red Lodge, MT?
The average home price is currently $670,891.
In Red Lodge, MT, how many homes are available?
There are currently 1 active home listings available in Red Lodge.
What’s the average rental cost in Red Lodge, MT?
The average rental price in Red Lodge is $1,753.
What is the most expensive home in Red Lodge?
The most expensive home sold in Red Lodge had a price of $5,784,300.
What is currently the cheapest priced home in Red Lodge, MT?
The cheapest home for sale in Red Lodge is priced at $46,512.

Living in Red Lodge, MT

Red Lodge, Montana, is a scenic mountain town known for its outdoor recreational activities, historic downtown, and friendly community atmosphere. It offers a unique blend of vibrant arts, culture, and adventure sports suitable for all ages. Popular for both its winter skiing and summer hiking, Red Lodge is an ideal location for outdoor enthusiasts.

Current Market Conditions in Red Lodge, MT

The real estate market in Red Lodge has remained active, primarily driven by the demand for vacation homes and properties suitable for outdoor recreation. Buyers are often looking for second homes or investment properties due to the area's appeal as a tourist destination. As a result, property prices have seen a steady increase, particularly for homes near recreational amenities.

Trends indicate that buyers are favoring single-family homes with modern amenities while also seeking properties that blend into the natural landscape, enhancing the outdoor experience. The competitive market requires buyers to act quickly when desirable properties become available, indicating a strong interest in the area.

Home Value Estimator For Red Lodge, MT

There are currently 2,572 real estate properties in Red Lodge, MT, with a median automated valuation model (AVM) price of $545,139.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Red Lodge, MT, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Red Lodge, MT, is $670,891.00, with the most expensive house in Red Lodge, MT, topping out at $5,784,300.00 and the cheapest home in Red Lodge, MT, clocking in at $46,512.00. In other words, there’s something for every potential homebuyer or savvy investor in Red Lodge, MT!

Rent Prices In Red Lodge, MT

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Red Lodge, MT, is on a rollercoaster ride. The average rent price in Red Lodge, MT, is $1,753.00. Indeed, when looking to rent in Red Lodge, MT, you can expect to pay as little as $880.00 or as much as $2,480.00, with the average rent median estimated to be $1,780.00. The good news is that finding an affordable and desirable property to rent in Red Lodge, MT -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Red Lodge, MT 59068 Rent To Own Homes

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