59425, Conrad, MT

Conrad, MT is located in the 59425 zip code. The median home value in this zip code is $128,900. The median home equity value in this zip code is $101,200. This means that the homeowners in this zip code have more equity in their homes than the typical Conrad resident.

The homeownership rate for Conrad residents is 73%. This is higher than the Montana statewide homeownership rate of 65%. This indicates that more Conrad residents are owner-occupants than are renters. Additionally, the percentage of Conrad residents who own their homes outright (without any mortgage) is 17%, which is higher than the Montana statewide ownership rate of 14%. These data suggest that Conrad residents are more likely to have a strong financial stake in their homes and are less likely to be burdened by debt.

One reason why homeownership rates and home equity values may be higher in Conrad than elsewhere in Montana may be because of its relatively low cost of living. The average monthly cost of housing in Conrad is $1,898, which is lower than the Montana statewide average monthly cost of housing ($2,527). Additionally, food and groceries are relatively affordable in Conrad compared to other parts of Montana. The average monthly cost for groceries and utilities combined (included within rent) is $1,711 per month, which is lower than both the Montana statewide average monthly cost for these items ($1,948) and the national average ($1,896). These data suggest that many Conrad residents can afford to buy a house without having to sacrifice too much on their quality of life.