Home prices
The median home price in Reed Point is $163,200. In comparison to its nearby areas this is roughly $23,040 (12%) lower.It is approximately $54,300 (24%) lower in comparison to the country as a whole, and compared to the city of Billings it is about $57,900 (26%) lower.
Rents
The median rent in Reed Point is $865 per month. This is roughly $106 (13%) higher compared to its nearby areas.It is approximately $197 (18%) lower compared to the entire country, and compared to the city of Billings it is approximately $34 (3%) lower.
Nearby places
Absarokee
Absarokee is roughly 12 miles south from Reed Point. Housing prices there are somewhat more expensive. The cost of the median home in Absarokee is $204,600, which comes out to $41,400 (20%) higher than Reed Point. Its rents are pretty similar. In Absarokee the median monthly rent is $828, which works out to $37 (4%) lower than Reed Point.
Columbus
Columbus is about 12 miles east of Reed Point. Its housing prices are a bit more expensive. The median home in Columbus is valued at $185,600, which works out to $22,400 (12%) higher than Reed Point. The rent there is a bit less expensive. The median rent in Columbus is $735 a month, which works out to $130 (17%) lower than Reed Point.
Big Timber
Big Timber is roughly 18 miles northwest from Reed Point. The real estate prices there are similar. The median home in Big Timber costs $164,900, which comes out to $1,700 (1%) higher than Reed Point. Rents there are significantly less expensive. In Big Timber the median rent is $649 per month, which comes out to $216 (33%) lower than Reed Point.
Park City
Park City is roughly 25 miles east of Reed Point. Real estate prices there are a little more expensive. The median home in Park City is valued at $184,400, which works out to $21,200 (11%) higher than Reed Point. The rent there is somewhat less expensive. Park City's median monthly rent is $734, which comes out to $131 (17%) lower than Reed Point.
Roberts
Roberts is about 27 miles southeast from Reed Point. The real estate prices there are somewhat more expensive. The median home in Roberts costs $191,700, which is $28,500 (14%) higher than Reed Point. Its rents are pretty similar. Roberts's median monthly rent is $850, which is $15 (1%) lower than Reed Point.
