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Libby

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

Median Home$260,520
Median Rent$654/month
Population3,054
Leading IndustriesWholesale Trade · Agriculture & Mining · Construction13% wholesale trade
Home Value Growth+9.1% over 2 years
Retirees31% of residentswell above average
Homeowners58% of occupied units
NotableVeteran Community16% of residents · top 1% nationally
Libby
MT

Frequently Asked Questions

What are today's mortgage rates in Libby?

As of today, the 30-year fixed mortgage rate for Libby is approximately 6.951% (6.989% 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 Libby?

The median home value in Libby is $261k. The median monthly rent is $654. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Libby?

Home values in Libby have increased 9.1% over the past two years. This represents moderate growth. 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 Libby?

Based on a typical all-in ownership cost of $766/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $33k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Libby is $32k/year.

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What industries drive the economy in Libby?

The largest employment sectors in Libby are public administration (29%) and wholesale trade (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.