Real Estate Appreciation for Billings, Montana: + 11.53%
Appreciation for MSAs:.
The first way to get a handle on an areas appreciation for a period is to compare it to the rest of the state.
In this case Billings, Montana MSA appreciated + 11.53% (+ 3.84% yearly) for the period between 1999 and the end of 2001.
The state had + 12.67% total appreciation (+ 4.22% yearly).
The state average for Montana was higher than the real estate appreciation in the Billings, Montana MSA. This shows that something happened in this area to cause it to underperform. If you can identify the cause during these years, you can learn to avoid it. The state appreaciated + 9.82% faster than this MSA.
Billings-MT
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 1999 | 2 | 115.44 | + 0.42% | + 1.67% |
| 1999 | 3 | 118.32 | + 2.49% | + 9.98% |
| 1999 | 4 | 118.13 | - 0.16% | - 0.64% |
| 2000 | 1 | 118.39 | + 0.22% | + 0.88% |
| 2000 | 2 | 121.8 | + 2.88% | + 11.52% |
| 2000 | 3 | 121.57 | - 0.19% | - 0.76% |
| 2000 | 4 | 121.74 | + 0.14% | + 0.56% |
| 2001 | 1 | 125.27 | + 2.90% | + 11.60% |
| 2001 | 2 | 127.07 | + 1.44% | + 5.75% |
| 2001 | 3 | 128.22 | + 0.91% | + 3.62% |
| 2001 | 4 | 128.22 | + 0.00% | + 0.00% |
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 $100,000.00 in 1999, you could multiply by + 11.53%, add the gain and see the home should be worth $111,534.45 in 2001. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Billings-MT from 1999 to 2001:
+ 3.84%
Appreciation Comparisons
Here are a some MSAs that didn't do so well, this can give you an idea of a worst case scenario:.
- Fairbanks-AK lost - 29.16% from 1987 thru 1989
- Lafayette-LA lost - 28.50% from 1986 thru 1988
Zip Code in MSA: 59002 - ACTON, MT
MSA Pop: 142961Zip Pop: 63
Avg Value: 71300
County: YELLOWSTONE
Elev: 3119
Region: West
Lat: 45.92648
Long: -108.693749