Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Loring Colony

Learn about the people, housing, costs and businesses in Loring Colony, Montana

Median Home$197,600
Median Rent$536/month
Population48
Leading IndustriesAgriculture & Mining · Construction · Manufacturing32% agriculture & mining
Home Value Growth⬆⬆+12.4% over 2 years
Retirees24% of residentsslightly above average
Homeowners75% of occupied units
Loring Colony
MT

Frequently Asked Questions

What are today's mortgage rates in Loring Colony?

As of today, the 30-year fixed mortgage rate for Loring Colony 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.

View current rates for Loring Colony
What is the median home price in Loring Colony?

The median home value in Loring Colony is $198k. The median monthly rent is $536. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Loring Colony?

Home values in Loring Colony have increased 12.4% 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 Loring Colony?

Based on a typical all-in ownership cost of $562/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $24k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Loring Colony is $53k/year.

Calculate your buying power
What industries drive the economy in Loring Colony?

The largest employment sectors in Loring Colony are agriculture and mining (32%) and construction (27%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.