Market Overview
Home Prices in Reed Point, MT
The median home value in Reed Point, MT is $560,170 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 9.8% compared to a year ago and up 10.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Reed Point are priced37% above average. Reed Point is part of the Billings, MT metro area.
Over the past five years, Reed Point home values have risen by approximately56.7%, reflecting strong long-term appreciation in this market.
Price History
Reed Point Home Price Trend
City Comparison
Reed Point vs. National Median
At $560,170, homes in Reed Point cost 37% above the national median of $410,000. Buyers in Reed Point should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Reed Point?
20% Down Payment
$112,034
on $560,170
Monthly P&I
$2,922/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,711/mo
incl. taxes & insurance
Income Needed
$148,440
gross annual (30% rule)
10% Down Option
$56,017
+ PMI applies
Loan Amount (20% dn)
$448,136
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Reed Point, MT?
The median home value in Reed Point is $560,170 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 9.8% year-over-year.
How much have home prices changed in Reed Point?
Over the past year, home values in Reed Point have increased by 9.8%. Over five years, prices have risen approximately 56.7%.
How much do I need to earn to buy a home in Reed Point?
To comfortably afford the median home price of $560,170 with a 20% down payment ($112,034) at today's rates (6.8%), you'd need a gross annual income of approximately $148,440. This assumes keeping total housing costs at or below 30% of gross income.
How does Reed Point compare to the national average home price?
The national median home value is approximately $410,000. At $560,170, homes in Reed Point are 37% above the national average.
What metro area is Reed Point part of?
Reed Point is part of the Billings, MT metropolitan area. Home prices and market conditions can vary across the broader metro region.