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Lockwood, MT Real Estate

Lockwood is a city in Yellowstone County, Montana with a population of about 7,474. The median home value is near $250,900, and median rent runs around $995/mo.

Market + demographic figures: U.S. Census ACS (2023 5-year). Geocoding: OpenStreetMap.

Median Home Value
$250,900
Median Rent
$995/mo
Population
7,474
Median Income
$74,451
Median Age
36.1
Homeownership
78.7%

Monthly payment on a median Lockwood home

Example for a $250,900 home: 20% down, 30-yr at ~6.75%, MT property tax ~0.74%, 0.4% insurance.

Est. monthly (PITI)
$1,540
Principal & interest
$1,302
Property tax / mo
$155
Down payment (20%)
$50,180

Lockwood at a glance

  • 11.6% of residents 25+ hold a bachelor's degree or higher.
  • 78.7% of occupied homes are owner-occupied.
  • Median household income is $74,451.
  • Always verify the assigned school district, flood zone, and HOA for a specific address before signing.

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