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 + 34.88% (+ 8.72% yearly) for the Billings, Montana MSA.

The entire state of MT had + 43.43% appreciation (+ 10.86% 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 + 24.52%.

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%
2004 1 150.56 + 1.51% + 6.04%
2004 2 153.88 + 2.21% + 8.82%
2004 3 157.69 + 2.48% + 9.90%
2004 4 160.44 + 1.74% + 6.98%
2005 1 164.53 + 2.55% + 10.20%
2005 2 171.5 + 4.24% + 16.95%
2005 3 174.43 + 1.71% + 6.83%
2005 4 178.63 + 2.41% + 9.63%


There are a lot of ways to use the appreciation data for Billings, Montana .

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

Appreciation is an important factor in flipping properties. If appreciation rates are good this area may be prime for fixing up and flipping houses. If you need information on Hard Money Rehab Loans in Ballantine, Montana check out Spec-Loan.com

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 $107,000.00 in 2002, you could multiply by + 34.88%, add the gain and see the home should be worth $144,317.50 in 2005. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Billings-MT from 2002 to 2005:
+ 8.72%

Appreciation Comparisons

For a 4 year period, the top 5 performing MSAs of all time are Bakersfield-CA, Fresno-CA, Madera-CA, Riverside-San-Bernardino-Ontario-CA, and Bakersfield-CA .

  1. Bakersfield-CA increased +116.36% from 2002 thru 2005
  2. Fresno-CA increased +116.09% from 2002 thru 2005
  3. Madera-CA increased +114.32% from 2002 thru 2005
  4. Riverside-San-Bernardino-Ontario-CA increased +112.60% from 2002 thru 2005
  5. Bakersfield-CA increased +110.89% from 2003 thru 2006

The worst perfoming MSAs ever for a 4 year period, were Lafayette-LA, Grand-Junction-CO, Lafayette-LA, Casper-WY, and Casper-WY .

  1. Lafayette-LA lost - 34.71% from 1985 to 1988
  2. Grand-Junction-CO lost - 34.70% from 1982 thru 1985
  3. Lafayette-LA lost - 34.44% from 1984 thru 1987
  4. Casper-WY lost - 34.10% from 1983 thru 1986
  5. 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