The housing market in the Great Falls, MT Metro Area is especially strong, with the median home value being far higher than the national median of $338,100. Over the past year, housing values have appreciated by a whopping 20.18%, much higher than the US 1 year appreciation rate of 8.27%. Despite this high value, homes remain very affordable and attractive to prospective buyers. The steady increase in housing prices has contributed to booming growth in the area and an increased demand for housing from those who wish to relocate here.
The median home cost in Great Falls Metro Area is $284,200. Home appreciation the last 10 years has been 80.8%. Home Appreciation in Great Falls Metro Area is up 20.3%.
Average Age of Homes
- The median age of Great Falls Metro Area real estate is 50 years old
The Rental Market in Great Falls Metro Area
- Renters make up 32.1% of the Great Falls Metro Area population
- 2.3% of houses and apartments in Great Falls 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.