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Ovando

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

Median Home$447,300
Median Rent$783/month
Population89
Leading IndustriesConstruction · Agriculture & Mining · Retail14% construction
Home Value Growth⬆⬆⬆+27.5% over 2 years
Retirees28% of residentswell above average
Homeowners76% of occupied units
NotableVeteran Community9% of residents · top 22% nationally
Ovando
MT

Frequently Asked Questions

What are today's mortgage rates in Ovando?

As of today, the 30-year fixed mortgage rate for Ovando is approximately 6.959% (6.997% 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 Ovando?

The median home value in Ovando is $447k. The median monthly rent is $783. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Ovando?

Home values in Ovando have increased 27.5% 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 Ovando?

Based on a typical all-in ownership cost of $776/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 Ovando is $77k/year.

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What industries drive the economy in Ovando?

The largest employment sectors in Ovando are public administration (17%) and retail (16%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.