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Colstrip

Learn about the people, housing, costs and businesses in Colstrip, Montana

Median Home$194,900
Median Rent$659/month
Population2,101
Leading IndustriesEducation · Healthcare · Manufacturing3% education
Home Value Growth⬆⬆⬆+23.7% over 2 years
Young Adults31% of residentsabove average nationally
Homeowners83% of occupied units
NotableVeteran Community10% of residents · top 14% nationally
NotableAmenity Score70/100 · highly walkable area
Colstrip
MT

Frequently Asked Questions

What are today's mortgage rates in Colstrip?

As of today, the 30-year fixed mortgage rate for Colstrip is approximately 6.911% (6.948% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Colstrip?

The median home value in Colstrip is $195k. The median monthly rent is $659. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Colstrip?

Home values in Colstrip have increased 23.7% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Colstrip?

Based on a typical all-in ownership cost of $686/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $29k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Colstrip is $83k/year.

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What industries drive the economy in Colstrip?

The largest employment sectors in Colstrip are public administration (22%) and healthcare (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.