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FutureStarrThe Housing Market in Billings MT
When researching a home, it is helpful to know what the average price is in your neighborhood. According to Zillow, the median home value in Billings MT is $186,100. The national median home value is $217,300, and the Montana median is $287,200. If you're interested in a higher price, the area has a slightly higher median rent than the national average of $806 a month.
While Montana is experiencing a slow real estate market, there are several indicators of an upcoming boom. Unemployment in the state is relatively low, at 3.9 percent as of June 2015. While that is better than the national average, it is still not a reliable foundation for a real estate market. In addition, the median home value has decreased in the past year by nearly $20,000, and Zillow estimates a modest 3.7% increase in the next year.
In Billings MT, the real estate market is hot, with a median home value of $230,400. This number has risen 3.6% in the past year and is expected to rise another 0.3% over the next year. With a median price of $1137, a buyer will likely have no problem finding a home in this community. Even if you don't decide to purchase a home in Billings, Montana, the housing market is highly active and growing.
The Montana real estate market is among the strongest in the state and is featured on nearly every real estate site. The average home value in Billings is $230,400 and it has increased 3.6% in the past year. The local real estate market is expected to grow 0.3% over the next year. The average rent in Billings is $1127, which is higher than the state average. The median home price is also more affordable than the state average of $1127.
The Montana real estate market is a hotspot for buyers. The state has a moderately high unemployment rate, which is lower than the national average of 6.0 percent. As a result, the Montana real estate market is booming, and the median home value in Billings is $230,400. While this is slightly below the national average of 6.0%, it is still significantly lower than the nationwide average of 5.8%.
The Montana real estate market is one of the most prosperous in the state. This city is the second-largest in Montana, and is one of the most prominent on the real estate market website Zillow.com. With a median home value of $230,400, the city is the richest region in the state. The local real estate market is the most prosperous in the state, with the highest value at $230,400.