Housing data for Lockwood, MT
Lockwood, MT has an estimated 7,181 residents and 2,797 homes (US Census Bureau, 2020–2024 American Community Survey).
It is an unincorporated community in Yellowstone County.
24.2% of households rent.
The median gross rent is $1,138 a month.
Figures last updated on .
- Residents
- 7,181 (±807)
- Housing units
- 2,797 (±234)
- Households that rent
- 24.2%
- Median gross rent
- $1,138
- Residents since 2015–2019
- −11.0%
What stands out in Lockwood
Homes in buildings of 5 or more units: 0.0% (±1.9 points) in Lockwood, lower than in Yellowstone County (11.1%).
Median home value: $235,400 (±$40,282) in Lockwood, lower than in Yellowstone County ($349,500).
Households that moved in since 2020: 18.6% (±5.9 points) in Lockwood, lower than in Yellowstone County (27.7%).
Households without a vehicle: 1.6% (±1.5 points) in Lockwood, lower than in Yellowstone County (4.3%).
- Types of homes in Lockwood
- Home values in Lockwood
- How long people stay in Lockwood
- Commute and cars in Lockwood
Housing in Lockwood at a glance
- Median rent: $1,138 median gross rent a month
- Rent by bedrooms: $972 median gross rent, 2 bedrooms
- Rent burden: 35.8% of renters pay 30% or more of income (Small sample: wide margin of error)
- Renters and owners: 24.2% of households rent
- Income and affordability: $75,700 median household income
- Home values: $235,400 median home value
- Homeowner costs: $1,820 median monthly cost with a mortgage
- Property taxes: $2,466 median real estate taxes a year
- Types of homes: 0.0% of homes are in buildings of 5 or more units
- Bedrooms: 70.5% of homes have 3 or more bedrooms
- Age of homes: 50.9% of homes were built before 1980
- Vacancy rate: 7.8% rental vacancy rate (Small sample: wide margin of error)
- Heating fuel: 70.6% heat with utility gas
- Commute and cars: 21.3 minutes average trip to work
- Growth: −11.0% residents since 2015–2019
- How long people stay: 18.6% moved in since 2020
- Crowding and facilities: 1.0% of homes have more than 1 person per room
Lockwood against Yellowstone County, its state and the nation
| Lockwood | Yellowstone County | Montana | United States | |
|---|---|---|---|---|
| Residents | 7,181 (±807) | 168,957 (exact) | 1,116,875 (exact) | 334,922,499 |
| Housing units | 2,797 (±234) | 74,239 (±78) | 528,419 (±3,257) | 143,775,355 |
| Households that rent | 24.2% (±6.2 points) | 30.4% (±1.4 points) | 30.8% (±0.5 points) | 34.8% |
| Median gross rent | $1,138 (±$180) | $1,131 (±$37) | $1,081 (±$14) | $1,413 |
| Median household income | $75,700 (±$6,298) | $76,570 (±$2,657) | $72,509 (±$761) | $80,734 |
| Median home value | $235,400 (±$40,282) | $349,500 (±$5,510) | $375,800 (±$3,433) | $332,700 |
| Median real estate taxes (a year) | $2,466 (±$264) | $2,832 (±$61) | $2,693 (±$19) | $3,119 |
| Built before 1980 | 50.9% (±10.1 points) | 47.7% (±2.1 points) | 49.0% (±0.7 points) | 49.7% |
| Average commute | 21.3 minutes (±3.4) | 18.6 minutes (±0.5) | 19.1 minutes (±0.2) | 26.4 minutes |
| Households with broadband | 90.0% (±6.6 points) | 91.4% (±1.1 points) | 89.4% (±0.3 points) | 91.0% |
| Median age of residents | 37.5 years (±3.4) | 39.0 years (±0.3) | 40.4 years (±0.2) | 38.9 years |
Lockwood covers 12.9 square miles of land, about 559 residents per square mile (Census Bureau Gazetteer).
How Lockwood has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Residents | 8,066 (±684) | 7,181 (±807) | −11.0% | Not a measurable change |
| Housing units | 3,208 (±252) | 2,797 (±234) | −12.8% | Measurable decrease |
| Median gross rent | $895 (±$152) | $1,138 (±$180) | +27.2% | No measurable change after inflation |
| Median home value | $195,900 (±$16,847) | $235,400 (±$40,282) | +20.2% | No measurable change after inflation |
| Median household income | $57,542 (±$8,846) | $75,700 (±$6,298) | +31.6% | No measurable change after inflation |
| Median owner cost with a mortgage | $1,463 (±$114) | $1,820 (±$182) | +24.4% | No measurable change after inflation |
| Median real estate taxes | $1,785 (±$189) | $2,466 (±$264) | +38.2% | No measurable change after inflation |
| Households that rent | 23.5% (±7.0 points) | 24.2% (±6.2 points) | +0.7 percentage points | Not a measurable change |
| Rental vacancy rate | 3.3% (±5.2 points) | 7.8% (±10.9 points) | +4.5 percentage points | Not a measurable change |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Crime reported to police in Yellowstone County
Lockwood has no police department of its own in the FBI’s figures, so this is the figure for Yellowstone County as a whole.
In 2025, the police departments that report for Yellowstone County recorded 663 violent and 2,172 property crimes per 100,000 residents.
A county-wide figure describes the whole county, not this place; crime varies from one community to the next.
Places near Lockwood
| Place | Distance | Median gross rent | Median home value | Households that rent |
|---|---|---|---|---|
| Billings | 8.0 mi | $1,138 | $343,400 | 35.2% |
| Laurel | 21 mi | $974 | $235,100 | 41.3% |
| Broadview | 30 mi | — | $165,600 | 13.4% |
| Joliet | 37 mi | $718 | $235,500 | 13.9% |
| Hardin | 38 mi | $771 | $147,100 | 45.9% |
| Fromberg | 39 mi | $983 | $212,500 | 18.5% |
| Lavina | 41 mi | $625 | $129,200 | 18.9% |
| Columbus | 43 mi | $945 | $282,800 | 23.3% |
Places in Montana most like Lockwood
| Place | Median gross rent | Median home value | Median household income | Households that rent |
|---|---|---|---|---|
| Bonner-West Riverside | $1,105 | $210,900 | $62,039 | 25.9% |
| White Sulphur Springs | $1,315 | $247,900 | $62,159 | 20.8% |
| Evergreen | $1,166 | $340,800 | $76,446 | 27.2% |
| Three Forks | $1,330 | $395,800 | $79,784 | 26.8% |
| Big Timber | $1,109 | $278,200 | $66,898 | 19.7% |
| Helena Valley West Central | $1,327 | $367,200 | $90,082 | 14.8% |
Matched on rent, home value, income, the share who rent, the age of the homes, the share in apartment buildings and the commute, each measured against the spread across Montana.
HUD Fair Market Rent for Lockwood, fiscal year 2027
| Studio | 1 bedroom | 2 bedrooms | 3 bedrooms | 4 bedrooms |
|---|---|---|---|---|
| $1,003 | $1,132 | $1,432 | $1,983 | $2,261 |
HUD income limits for Lockwood, fiscal year 2026
| Household size | Extremely low (30%) | Very low (50%) | Low (80%) |
|---|---|---|---|
| 1 person | $22,450 | $37,400 | $59,800 |
| 2 people | $25,650 | $42,700 | $68,400 |
| 3 people | $28,850 | $48,050 | $76,900 |
| 4 people | $33,000 | $53,400 | $85,450 |
| 5 people | $38,680 | $57,650 | $92,300 |
| 6 people | $44,360 | $61,950 | $99,150 |
| 7 people | $50,040 | $66,250 | $105,950 |
| 8 people | $55,720 | $70,500 | $112,800 |
These are the limits HUD sets for its housing programs in the Billings, MT HUD Metro FMR Area, where HUD’s median family income for fiscal year 2026 is $113,000.
A program can use its own limits; tax-credit and local programs often do.
Lockwood is a census-designated place: an unincorporated community the Census Bureau draws for statistics, with no municipal government of its own.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Lockwood
What is the average rent in Lockwood, MT?
The Census Bureau publishes the median rather than the average: the median gross rent in Lockwood is $1,138 (±$180) a month (2020–2024 American Community Survey), so half of renting households pay less and half pay more.
How much is a one-bedroom apartment in Lockwood?
The median gross rent for a one-bedroom home in Lockwood, MT is $773 (±$380) a month (2020–2024 American Community Survey).
How many renters are there in Lockwood?
Lockwood has an estimated 647 (±165) renting households, 24.2% of its occupied homes (2020–2024 American Community Survey).
What is the median household income in Lockwood?
The median household income in Lockwood is $75,700 (±$6,298) a year (2020–2024 American Community Survey).
What is the average home value in Lockwood, MT?
The Census Bureau publishes the median: $235,400 (±$40,282) for owner-occupied homes in Lockwood (2020–2024 American Community Survey).
What is the average mortgage payment in Lockwood?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Lockwood, MT is $1,820 (±$182) a month, including taxes, insurance and utilities.
Is Lockwood growing?
In Lockwood, the number of residents went from 8,066 in 2015–2019 to 7,181 in 2020–2024 (−11.0%), not a measurable change.
Sources
- Demographic and Housing Estimates (DP05), 2020–2024 ACS 5-year estimates — Lockwood CDP, Montana
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Lockwood CDP, Montana
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Lockwood CDP, Montana
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Lockwood CDP, Montana
- Selected Social Characteristics (DP02), 2020–2024 ACS 5-year estimates — Lockwood CDP, Montana
- Total Population (B01003), 2015–2019 ACS 5-year estimates — Lockwood CDP, Montana
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Lockwood CDP, Montana
- HUD Fair Market Rents, fiscal year 2027: Billings, MT HUD Metro FMR Area
- HUD Income Limits, fiscal year 2026: Billings, MT HUD Metro FMR Area
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
- US Census Bureau, 2024 Gazetteer Files
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Lockwood CDP, Montana (place:44200, in state:30).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B01003_001E, B01003_001M, B25064_001E, B25064_001M from the 2019 release.
The API needs a free key.
DP05_0001E, DP05_0001M, DP04_0001E, DP04_0001M, DP04_0047PE, DP04_0047PM, DP04_0134E, DP04_0134M, DP03_0062E, DP03_0062M, DP04_0089E, DP04_0089M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .