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Red Lodge, MT Home Values and Rents
The typical home value in Red Lodge is $519,580, 31st highest of 92 cities and towns in Montana. Median rent is $717 a month.
- Typical home value
- $519,580
- 31st of 92 in MT
- Median rent
- $717/mo
- ACS 2020-2024
- Price change, 1 year
- +2.3%
- Sep 2026
- Homeownership
- 66.2%
- MT: 69.2%
Home sale prices in the Billings, MT area
Zillow median sale price, Sep 2026
$389,298-2.5% from a year earlier
Half of homes in the metro area sold for more and half for less. Zillow publishes sale prices for metro areas, not for single counties or cities.
Typical home value in Red Lodge
Zillow Home Value Index, all homes, middle tier
Show as a table
| Period | Red Lodge |
|---|---|
| Sep 2026 | $519,580 |
| Dec 2025 | $514,804 |
| Dec 2024 | $493,170 |
| Dec 2023 | $472,519 |
| Dec 2022 | $446,014 |
| Dec 2021 | $391,840 |
| Dec 2020 | $309,156 |
| Dec 2019 | $282,383 |
| Dec 2018 | $266,775 |
| Dec 2017 | $243,739 |
| Dec 2016 | $208,421 |
Over five years, Red Lodge prices changed +37.1%.
Source: Zillow Research · Last updated 09/01/2026
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Fair Market Rents, FY2027
HUD rent standard for Billings, MT HUD Metro FMR Area
| Unit size | Monthly rent | vs FY2026 |
|---|---|---|
| Studio | $1,003 | -1.3% |
| 1 bedroom | $1,132 | +2.1% |
| 2 bedrooms | $1,432 | +1.1% |
| 3 bedrooms | $1,983 | +1.6% |
| 4 bedrooms | $2,261 | +2.0% |
Frequently asked questions
- What is the typical home value in Red Lodge, MT?
- The typical home value in Red Lodge is $519,580 (Zillow Home Value Index, Sep 2026). The Montana median is $375,800.
- How much is rent in Red Lodge?
- The median rent in Red Lodge is $717 a month, including utilities paid by the renter. HUD's FY2027 Fair Market Rent for a two-bedroom unit is $1,432.
- Are home prices going up in Red Lodge?
- The typical home value in Red Lodge changed +2.3% over one year and +37.1% over five years, as of Sep 2026.
- How does Red Lodge compare with the rest of Montana?
- Red Lodge has the 31st highest median home value of 92 cities and towns with 1,000+ residents in Montana.