The housing market in the Butte-Silver Bow, MT Metro Area is booming. The median value of a home in the area currently stands at $259,500, making it significantly lower than the national median value of $338,100. However, what it lacks in price point it makes up for in appreciation: the US house 1 year appreciation rate is 8.27%, whereas the Butte-Silver Bow, MT Metro Area appreciation rate is more than double that at 21.29%. This incredible level of growth makes this an appealing location for prospective homebuyers looking to invest in real estate.
The median home cost in Butte-Silver Bow Metro Area is $259,500. Home appreciation the last 10 years has been 162.0%. Home Appreciation in Butte-Silver Bow Metro Area is up 21.2%.
Average Age of Homes
- The median age of Butte-Silver Bow Metro Area real estate is 62 years old
The Rental Market in Butte-Silver Bow Metro Area
- Renters make up 32.8% of the Butte-Silver Bow Metro Area population
- 3.5% of houses and apartments in Butte-Silver Bow Metro Area, 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.