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Power

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

Median Home$247,900
Median Rent$688/month
Population176
Leading IndustriesProfessional Services · Education · Healthcare4% professional services
Home Value Growth⬆⬆⬆+39.7% over 2 years
Retirees36% of residentstop 3% nationally
Homeowners82% of occupied units
Power
MT

Frequently Asked Questions

What are today's mortgage rates in Power?

As of today, the 30-year fixed mortgage rate for Power is approximately 6.854% (6.889% 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 Power?

The median home value in Power is $248k. The median monthly rent is $688. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Power?

Home values in Power have increased 39.7% 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 Power?

Based on a typical all-in ownership cost of $995/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $43k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Power is $75k/year.

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What industries drive the economy in Power?

The largest employment sectors in Power are public administration (21%) and healthcare (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.