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Sedan

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

Median Home$1,054,500
Median Rent$1,101/month
Population103
Leading IndustriesConstruction · Agriculture & Mining · Healthcare11% construction
Home Value Growth⬆⬆⬆+28.5% over 2 years
Retirees29% of residentswell above average
Homeowners84% of occupied units
NotableHighly Educated38% bachelor's · 14% graduate · top 2% nationally
NotableHigh Incomes$111k/year · top 12% nationally
Sedan
MT

Frequently Asked Questions

What are today's mortgage rates in Sedan?

As of today, the 30-year fixed mortgage rate for Sedan 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 Sedan?

The median home value in Sedan is $1.1M. The median monthly rent is $1,101. Annual property taxes average $5k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Sedan?

Home values in Sedan have increased 28.5% 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 Sedan?

Based on a typical all-in ownership cost of $1,466/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $63k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Sedan is $111k/year.

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What industries drive the economy in Sedan?

The largest employment sectors in Sedan are public administration (23%) and healthcare (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.