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 + 18.79% (+ 4.70% yearly) for the period between 1999 and the end of 2002.

The state had + 19.83% total appreciation (+ 4.96% 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 + 5.56% faster than this MSA.

Billings-MT

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
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%
2002 1 132.44 + 3.29% + 13.16%
2002 2 133.79 + 1.02% + 4.08%
2002 3 135.04 + 0.93% + 3.74%
2002 4 136.56 + 1.13% + 4.50%


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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 $101,000.00 in 1999, you could multiply by + 18.79%, add the gain and see the home should be worth $119,977.04 in 2002. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Billings-MT from 1999 to 2002:
+ 4.70%

Appreciation Comparisons

Here are a some MSAs that didn't do so well, this can give you an idea of a worst case scenario:.

  1. Casper-WY lost - 34.10% from 1983 thru 1986
  2. Casper-WY lost - 32.07% from 1984 thru 1987

Zip Code in MSA: 59006 - BALLANTINE, MT

MSA Pop: 142961
Zip Pop: 865
Avg Value: 83700
County: YELLOWSTONE
Elev: 3119
Region: West
Lat: 45.956371
Long: -108.094694