Real Estate Appreciation for Billings, Montana: + 38.02%
Appreciation for MSAs:.
Comparing the real estate investment appreciation rates between a MSAs and their state can give you a lot of insight.
The Billings, Montana MSA appreciated + 38.02% (+ 9.51% yearly) between 2003 and the end of 2006.
The state of MT had + 47.68% total appreciation (+ 11.92% 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 than the state as a whole. The state appreaciated + 25.40% faster than this MSA.
Billings-MT
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
| 2006 | 1 | 178.02 | - 0.34% | - 1.37% |
| 2006 | 2 | 184.77 | + 3.79% | + 15.17% |
| 2006 | 3 | 185.54 | + 0.42% | + 1.67% |
| 2006 | 4 | 191.09 | + 2.99% | + 11.97% |
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 $109,000.00 in 2003, you could multiply by + 38.02%, add the gain and see the home should be worth $150,442.83 in 2006. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Billings-MT from 2003 to 2006:
+ 9.51%
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 .
- Bakersfield-CA increased +116.36% from 2002 thru 2005
- Fresno-CA increased +116.09% from 2002 thru 2005
- Madera-CA increased +114.32% from 2002 thru 2005
- Riverside-San-Bernardino-Ontario-CA increased +112.60% from 2002 thru 2005
- Bakersfield-CA increased +110.89% from 2003 thru 2006
Zip Code in MSA: 59006 - BALLANTINE, MT
MSA Pop: 142961Zip Pop: 865
Avg Value: 83700
County: YELLOWSTONE
Elev: 3119
Region: West
Lat: 45.956371
Long: -108.094694