The housing market in Montana State is very strong. The median value of a house in the state is $441,800, which is much higher than the US median value of $338,100. In the past year, house appreciation in Montana State has been 11.92%, much higher than the US average of 8.27%. This indicates that real estate investment in Montana State is highly lucrative and provides a great opportunity for potential homeowners or investors looking to benefit from this thriving market.
The median home cost in Montana is $441,800. Home appreciation the last 10 years has been 114.5%. Home Appreciation in Montana is up 19.6%.
Average Age of Homes
- The median age of Montana real estate is 40 years old
The Rental Market in Montana
- Renters make up 27.0% of the Montana population
- 1.8% of houses and apartments in Montana, 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.