Appreciation for MSAs:.

Comparing the real estate investment appreciation rates between a MSAs and their state can give you a lot of insight.

The Billings, Montana MSA appreciated + 14.21% (+ 7.11% yearly) between 1993 and the end of 1994.

The state of MT had + 17.84% total appreciation (+ 8.92% yearly). The state average for Montana was higher than the real estate appreciation in the Billings, Montana MSA. This means the conditions in the MSA for real estate investment were worse than the state as a whole. The state appreaciated + 25.51% faster than this MSA.

Billings-MT

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
1993 2 90.58 + 1.94% + 7.74%
1993 3 92.44 + 2.05% + 8.21%
1993 4 95.54 + 3.35% + 13.41%
1994 1 95.93 + 0.41% + 1.63%
1994 2 97.89 + 2.04% + 8.17%
1994 3 99.41 + 1.55% + 6.21%
1994 4 101.49 + 2.09% + 8.37%


If you feel like property in this area is good for investment, you may want to consider looking at some fixer up properties to rehab. Rehabbing proeprty can help maximize your profits since you can usually buy a house that needs work at a reduced price. If you want information on a Hard Money Rehab Loan in Acton, Montana click on Spec-Loan.com. The right financing can make all the difference when rehabbing property. Not all lenders will allow you to purchase a home that needs work. Make sure you look at all of the appreciation data we have for Billings, Montana.

If you were going to do a Acton, Montana Refinance, or Acton, Montana Reverse Mortgages, you could estimate your home value.

If you knew your Acton, Montana home was worth $87,000.00 in 1993, you could multiply by + 14.21%, add the gain and see the home should be worth $99,365.63 in 1994. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Billings-MT from 1993 to 1994:
+ 7.11%

Appreciation Comparisons

In contrast, the worst 5 MSAs from 1993 to 1994 were Riverside-San-Bernardino-Ontario-CA, Kingston-NY, Binghamton-NY, Utica-Rome-NY, and Sacramento-Arden-Arcade-Roseville-CA .

  1. Riverside-San-Bernardino-Ontario-CA decreased by - 13.55% between 1993 and 1994
  2. Kingston-NY decreased by - 12.24% between 1993 and 1994
  3. Binghamton-NY decreased by - 10.95% between 1993 and 1994
  4. Utica-Rome-NY decreased by - 8.71% between 1993 and 1994
  5. Sacramento-Arden-Arcade-Roseville-CA decreased by - 8.42% between 1993 and 1994

The worst perfoming MSAs ever for a 2 year period, were Honolulu-HI, Casper-WY, Grand-Junction-CO, Lafayette-LA, and Anchorage-AK .

  1. Honolulu-HI lost - 49.13% from 1980 to 1981
  2. Casper-WY lost - 27.70% from 1986 thru 1987
  3. Grand-Junction-CO lost - 26.25% from 1984 thru 1985
  4. Lafayette-LA lost - 25.36% from 1986 thru 1987
  5. Anchorage-AK lost - 24.89% from 1986 thru 1987

Zip Code in MSA: 59002 - ACTON, MT

MSA Pop: 142961
Zip Pop: 63
Avg Value: 71300
County: YELLOWSTONE
Elev: 3119
Region: West
Lat: 45.92648
Long: -108.693749