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Ronan

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

Median Home$306,700
Median Rent$960/month
Population1,954
Leading IndustriesWholesale Trade · Information & Media11% wholesale trade
Home Value Growth+2.7% over 2 years
Retirees24% of residentsslightly above average
Homeowners67% of occupied units
Ronan
MT

Frequently Asked Questions

What are today's mortgage rates in Ronan?

As of today, the 30-year fixed mortgage rate for Ronan is approximately 6.986% (7.025% 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 Ronan?

The median home value in Ronan is $307k. The median monthly rent is $960. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Ronan?

Home values in Ronan have increased 2.7% over the past two years. The market has been relatively stable. 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 Ronan?

Based on a typical all-in ownership cost of $941/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $40k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Ronan is $61k/year.

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What industries drive the economy in Ronan?

The largest employment sectors in Ronan are public administration (18%) and wholesale trade (11%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.