Real Estate Appreciation for Billings, Montana: + 16.26%
Appreciation for MSAs:.
The state appreciation level can be a good benchmark for comparing an individual MSAs perfomance.
If we analyze Billings, Montana MSA appreciation it was + 16.26% (+ 4.07% yearly) from 1994 to 1997.
During the same time period, MT had + 23.40% (+ 5.85% yearly).
From 1994 to 1997, Montana outperformed the individual Billings, Montana MSA. Do your research to try and determine why this MSA did not perform as well as the rest of the state.
Billings-MT
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 1994 | 2 | 97.89 | + 2.04% | + 8.17% |
| 1994 | 3 | 99.41 | + 1.55% | + 6.21% |
| 1994 | 4 | 101.49 | + 2.09% | + 8.37% |
| 1995 | 1 | 100 | - 1.47% | - 5.87% |
| 1995 | 2 | 100.56 | + 0.56% | + 2.24% |
| 1995 | 3 | 103.77 | + 3.19% | + 12.77% |
| 1995 | 4 | 104.83 | + 1.02% | + 4.09% |
| 1996 | 1 | 105.93 | + 1.05% | + 4.20% |
| 1996 | 2 | 105.08 | - 0.80% | - 3.21% |
| 1996 | 3 | 107.29 | + 2.10% | + 8.41% |
| 1996 | 4 | 110.27 | + 2.78% | + 11.11% |
| 1997 | 1 | 109.72 | - 0.50% | - 2.00% |
| 1997 | 2 | 109.27 | - 0.41% | - 1.64% |
| 1997 | 3 | 110.01 | + 0.68% | + 2.71% |
| 1997 | 4 | 111.53 | + 1.38% | + 5.53% |
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 Ballantine, 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 Ballantine, Montana Refinance, or Ballantine, Montana Reverse Mortgages, you could estimate your home value.
If you knew your Ballantine, Montana home was worth $91,000.00 in 1994, you could multiply by + 16.26%, add the gain and see the home should be worth $105,798.29 in 1997. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Billings-MT from 1994 to 1997:
+ 4.07%
Appreciation Comparisons
In contrast, the worst 5 MSAs from 1994 to 1997 were Honolulu-HI, Utica-Rome-NY, Binghamton-NY, Riverside-San-Bernardino-Ontario-CA, and Kingston-NY .
- Honolulu-HI decreased by - 14.47% between 1994 and 1997
- Utica-Rome-NY decreased by - 12.23% between 1994 and 1997
- Binghamton-NY decreased by - 9.70% between 1994 and 1997
- Riverside-San-Bernardino-Ontario-CA decreased by - 8.40% between 1994 and 1997
- Kingston-NY decreased by - 6.47% between 1994 and 1997
The worst perfoming MSAs ever for a 4 year period, were Lafayette-LA, Grand-Junction-CO, Lafayette-LA, Casper-WY, and Casper-WY .
- Lafayette-LA lost - 34.71% from 1985 to 1988
- Grand-Junction-CO lost - 34.70% from 1982 thru 1985
- Lafayette-LA lost - 34.44% from 1984 thru 1987
- Casper-WY lost - 34.10% from 1983 thru 1986
- Casper-WY lost - 32.07% from 1984 thru 1987
Zip Code in MSA: 59006 - BALLANTINE, MT
MSA Pop: 142961Zip Pop: 865
Avg Value: 83700
County: YELLOWSTONE
Elev: 3119
Region: West
Lat: 45.956371
Long: -108.094694