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Richey

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

Median Home$219,089
Median Rent$937/month
Population489
Leading IndustriesManufacturing · Agriculture & Mining · Construction2% manufacturing
Home Value Growth+9.8% over 2 years
Retirees22% of residentsabove average nationally
Homeowners75% of occupied units
NotableVeteran Community10% of residents · top 5% nationally
NotableAffordable Market$219k median home · lower cost than 80% of the country
Richey
MT

Frequently Asked Questions

What are today's mortgage rates in Richey?

As of today, the 30-year fixed mortgage rate for Richey is approximately 6.907% (6.943% 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 Richey?

The median home value in Richey is $219k. The median monthly rent is $937. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Richey?

Home values in Richey have increased 9.8% over the past two years. This represents moderate growth. 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 Richey?

Based on a typical all-in ownership cost of $761/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 Richey is $73k/year.

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What industries drive the economy in Richey?

The largest employment sectors in Richey are public administration (24%) and retail (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.