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Reed Point

Learn about the people, housing, costs and businesses in Reed Point, Montana

Median Home$420,766
Median Rent$1,141/month
Population478
Leading IndustriesFinance & Insurance · Information & Media · Agriculture & Mining7% finance & insurance
Home Value Growth⬆⬆⬆+26.9% over 2 years
Family-Friendly24% of residentsabove average nationally
Homeowners83% of occupied units
Reed Point
MT

Frequently Asked Questions

What are today's mortgage rates in Reed Point?

As of today, the 30-year fixed mortgage rate for Reed Point 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.

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What is the median home price in Reed Point?

The median home value in Reed Point is $421k. The median monthly rent is $1,141. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Reed Point?

Home values in Reed Point have increased 26.9% 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 Reed Point?

Based on a typical all-in ownership cost of $1,225/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $53k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Reed Point is $84k/year.

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What industries drive the economy in Reed Point?

The largest employment sectors in Reed Point are public administration (23%) and healthcare (9%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.