HomeInsuranceQts

Home Insurance in Red Lodge, Montana

The median home value in Red Lodge is $380,700, 10% lower than the Carbon County median.

Aging wiring, roofing and plumbing in older homes can push up the cost to insure or rebuild them. The typical home in Red Lodge was built around 1960. About 50% of homes were built before 1960, about 18 points above Carbon County's 32%.

In Red Lodge, the housing stock is 74% single-family homes and 13% apartments in buildings with 5+ units. The rest are 2-4 unit or other housing types.

In Red Lodge, about 49% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.

Red Lodge has an owner-occupancy rate of 66% and a vacancy rate of 31%; unoccupied homes typically need a different coverage form.

Most homes in Red Lodge - 68% - are primarily heated with natural gas.

FEMA rates Carbon County's overall risk as Relatively Low, led by wildfire (Relatively Moderate). Carbon County had 75 active NFIP flood policies as of September 2026. See the full Carbon County home insurance overview for all FEMA hazard ratings and flood coverage details.

According to the NAIC homeowners insurance report (2023 data), a standard HO-3 homeowners policy in Montana carries a statewide average premium of $1,768 per year.

Key figures

Median home value$380,700
Median year built1960
Owner-occupied share66%
Share of owner-occupied homes with a mortgage49%
Top county hazardWildfire (Relatively Moderate)
Active NFIP policies in Carbon County75
Home insurance premium$1,768 - statewide average (NAIC, 2023 data)
Key home insurance figures for Red Lodge, MT

Nearby towns

Sources

Data last updated: 2026-09-29