The housing market in Billings, MO is flourishing. The median value of a house in Billings is $263,500, significantly lower than the US house median value of $338,100. The one year appreciation for houses in the United States is 8.27%, yet in Billings it is 17.08%. This indicates that housing prices are increasing faster than the national average and could be an opportunity for potential buyers to get a good deal. Investors can also benefit from this dynamic market since housing prices are appreciating faster than elsewhere in the country.
The median home cost in Billings is $263,500. Home appreciation the last 10 years has been 92.6%. Home Appreciation in Billings is up 21.4%.
Average Age of Homes
- The median age of Billings real estate is 44 years old
The Rental Market in Billings
- Renters make up 19.1% of the Billings population
- 1.4% of houses and apartments in Billings, 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.