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New Miami Colony

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

Median Home$174,700
Median Rent$525/month
Population280
Leading IndustriesProfessional Services · Construction · Agriculture & Mining3% professional services
Home Value Growth⬆⬆⬆+43.1% over 2 years
Retirees28% of residentswell above average
Homeowners72% of occupied units
New Miami Colony
MT

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Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in New Miami Colony?

As of today, the 30-year fixed mortgage rate for New Miami Colony is approximately 6.791% (6.823% 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 New Miami Colony?

The median home value in New Miami Colony is $175k. The median monthly rent is $525. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in New Miami Colony?

Home values in New Miami Colony have increased 43.1% 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 New Miami Colony?

Based on a typical all-in ownership cost of $560/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 New Miami Colony is $52k/year.

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What industries drive the economy in New Miami Colony?

The largest employment sectors in New Miami Colony are public administration (26%) and healthcare (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.