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Cut Bank, MT Real Estate


According to census data in the year 2000 there were 1,503 housing units in Cut Bank. This represents a 1.9% decline from 1,532 in 1990.

Of those housing units, 1,475 were located in either urbanized areas or urban clusters, and 28 were located in what is classified as a rural area.

Homeownership rate in Cut Bank is about 74.6%. Cut Bank's vacancy rate, including seasonal lodging, is about 15.2%. Average household size is 2.43 people.

The majority of houses, apartments or condos in Cut Bank were built after 1955.

Statistics

Housing Size

Housing Units by Size
Studio Type3.10%
One Bedroom11.40%
Two Bedrooms34.20%
Three Bedrooms27%
Four Bedrooms20.60%
Five Bedrooms or more3.70%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size2.56
Median year structure was built1955
Median Value of occupied units$60,200
Median Price asked for vacant units$32,500

Rented Homes, Apartments and Condos

Average Household Size2.07
Median year structure was built1957
Median Monthly Rent asked for vacant units$248

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage4.50%
Home Equity Loan5.60%
Simple Mortgage52.70%
Debt Free37.30%
As % of Housing Units
       
Median part of Monthly Household Income dedicated to covering home ownership costs16.8%