The housing market in Townsend, MT is thriving. The median value of homes in the area is $390,500 which is substantially higher than the US House Median Value of $338,100. Moreover, the 1 year House Appreciation rate in Townsend, MT has been significantly higher than the national average at 14.51%, compared to 8.27%. This indicates that Townsend, MT is a viable place to invest in real estate and that it offers good potential for growth.
The median home cost in Townsend is $390,500. Home appreciation the last 10 years has been 111.2%. Home Appreciation in Townsend is up 23.3%.
Average Age of Homes
- The median age of Townsend real estate is 46 years old
The Rental Market in Townsend
- Renters make up 25.5% of the Townsend population
- 3.6% of houses and apartments in Townsend, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.