Appreciation for MSAs:.

Before we disect the appreciation within the MSA for this period, lets consider how Billings, Montana did compared to the state as a whole.

The Billings, Montana MSA property value change was + 11.53% (+ 3.84% yearly).

All of the property in MT averaged + 14.10% change in value (+ 4.70% yearly).

Billings-MT

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
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%


Lets look at Acton, Montana, a city located in Billings, Montana MSA.

Appreciation is an important to real estate investors who rehab and flip properties. If you feel appreciation rates are good in this area there may be a good opportunity to flip houses. To learn more about Hard Money Real Estate Loans check out Spec-Loan.com

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 $92,000.00 in 1995, you could multiply by + 11.53%, add the gain and see the home should be worth $102,607.60 in 1997. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Billings-MT from 1995 to 1997:
+ 3.84%

Appreciation Comparisons

For a 3 year period, the top 5 performing MSAs of all time are Bakersfield-CA, Visalia-Porterville-CA, Fort-Walton-Beach-Crestview-Destin-FL, Madera-CA, and Palm-Bay-Melbourne-Titusville-FL .

  1. Bakersfield-CA increased + 93.72% from 2003 thru 2005
  2. Visalia-Porterville-CA increased + 88.65% from 2003 thru 2005
  3. Fort-Walton-Beach-Crestview-Destin-FL increased + 87.85% from 2003 thru 2005
  4. Madera-CA increased + 85.39% from 2003 thru 2005
  5. Palm-Bay-Melbourne-Titusville-FL increased + 85.00% from 2003 thru 2005

The worst perfoming MSAs ever for a 3 year period, were Grand-Junction-CO, Lafayette-LA, Honolulu-HI, Fairbanks-AK, and Lafayette-LA .

  1. Grand-Junction-CO lost - 34.69% from 1983 to 1985
  2. Lafayette-LA lost - 31.84% from 1985 thru 1987
  3. Honolulu-HI lost - 30.81% from 1979 thru 1981
  4. Fairbanks-AK lost - 29.16% from 1987 thru 1989
  5. Lafayette-LA lost - 28.50% from 1986 thru 1988

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