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Inverness

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

Median Home$148,600
Median Rent$640/month
Population85
Leading IndustriesAgriculture & Mining · Construction · Transportation37% agriculture & mining
Home Value Growth+10.9% over 2 years
Family-Friendly29% of residentswell above average
Homeowners78% of occupied units
NotableAffordable Market$149k median home · lower cost than 75% of the country
Inverness
MT

Frequently Asked Questions

What are today's mortgage rates in Inverness?

As of today, the 30-year fixed mortgage rate for Inverness is approximately 6.933% (6.970% 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 Inverness?

The median home value in Inverness is $149k. The median monthly rent is $640. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Inverness?

Home values in Inverness have increased 10.9% 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 Inverness?

Based on a typical all-in ownership cost of $708/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $30k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Inverness is $64k/year.

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What industries drive the economy in Inverness?

The largest employment sectors in Inverness are agriculture and mining (37%) and construction (36%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.