Appreciation for MSAs:.

Let's start by comparing Billings, Montana to the rest of the state. This will give us an idea if the appreciation here was isolated or happened across the state.

We have appreciattion of + 11.99% (+ 6.00% yearly) for the Billings, Montana MSA.

The entire state of MT had + 12.78% appreciation (+ 6.39% 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 by + 6.61%.

Billings-MT

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
2002 2 133.79 + 1.02% + 4.08%
2002 3 135.04 + 0.93% + 3.74%
2002 4 136.56 + 1.13% + 4.50%
2003 1 138.45 + 1.38% + 5.54%
2003 2 141.04 + 1.87% + 7.48%
2003 3 143.92 + 2.04% + 8.17%
2003 4 148.32 + 3.06% + 12.23%


Some of the ways peope use our appreciation data for Billings, Montana include real estate investment .

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

Appreciation is an important factor in fixing/rehabbing and flipping properties. If appreciation rates are good this area may be prime. If you need information on a Hard Money Rehab Loan in Montana 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 $105,000.00 in 2002, you could multiply by + 11.99%, add the gain and see the home should be worth $117,589.85 in 2003. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Billings-MT from 2002 to 2003:
+ 6.00%

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. Lafayette-LA lost - 25.36% from 1986 thru 1987
  2. 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