Montana

Population: 109,059
Average annual home appreciation rate: 4.30%
Total of homes for sale in this market: 545
Median home price: $199,146
Median Rent: $788 per room
Home price range: 46.96% of homes are between $110,001 – $220,000
Median sales price: NO DATA
Number of homes: 16
Median foreclosure sales price: $137,088
Foreclosure discount: NO DATA
Most common home type: 61.62% of homes are Single Family Detached
Number of vacant homes: 4.63%
Number of renters: 34.18%
Number of owner occupied: 65.82%
Number people living below poverty level: 14.07%
Unemployment rate: 2.60%
Is this area perfect for real estate deals going on right now? Billings has been in a “down” market for a while… Latest statistics are showing that Billing could very well be making a comeback. Appreciation rates alone show that it has gone up almost 7% in the past year.

Population: 69,122
Average annual home appreciation rate: 4.21%
Total of homes for sale in this market: 516
Median home price: $257,022
Median Rent: $809 per room
Home price range: 38.34% of homes are between $216,001 – $325,000
Median sales price: Still computing data
Number of homes: 21
Median foreclosure sales price: $155,750
Foreclosure discount: Still computing data
Most common home type: 51.54% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 6.59%
Number of renters: 54.69%
Number of owner occupied: 45.31%
Number people living below poverty level: 20.54%
Unemployment rate: 2.90%
Is this area perfect for real estate deals going on right now? Data shows, this makes Missoula one of the highest appreciating communities in the nation for the latest quarter, and may signal the city’s near-future real estate investment strength.

Population: 29,596
Average annual home appreciation rate: -0.94%
Total of homes for sale in this market: 494
Median home price: $217,207
Median Rent: $767 per room
Home price range: 38.91% of homes are between $109,001 – $219,000
Median sales price: $245,000
Number of homes: 6
Median foreclosure sales price: NO DATA
Foreclosure discount: NO DATA
Most common home type: 54.66% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 7.34%
Number of renters: 42.09%
Number of owner occupied: 57.91%
Number people living below poverty level: 12.78%
Unemployment rate: 2.50%
Is this area perfect for real estate deals going on right now? Since our last visit to Helena’s market about a year and a half ago, Helena’s market statistically has taken a down trend in appreciation rates. Although home prices have risen, they could shortly be coming to a lull, and make it so savvy investors can take advantage of the home prices as they stagnate for a time. Markets like Helena have been ripe for opportunity for investors who can buy low, and hang on to the property as the market rebounds.

Population: 59,351
Average annual home appreciation rate: 2.26%
Total of homes for sale in this market: 53
Median home price: $164,948
Median Rent: $613 per room
Home price range: 57.58% of homes are between $105,001 – $210,000
Median sales price: Still Computing Data
Number of homes: 18
Median foreclosure sales price: $112,188
Foreclosure discount: Still computing data
Most common home type: 62.81% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 7.69%
Number of renters: 38.22%
Number of owner occupied: 61.78%
Number people living below poverty level: 16.51%
Unemployment rate: 3.10%
Is this area perfect for real estate deals going on right now? With the history of positive appreciation in the Great Falls area, a rental property (based on the much higher than average rental rates) could be a profitable investment for the savvy buy and hold investor.

Population: 33,854
Average annual home appreciation rate: -1.05%
Total of homes for sale in this market: 340
Median home price: $124,086
Median Rent: $641 per room
Home price range: 33.39% of homes are between $109,001 – $219,000
Median sales price: NO DATA
Number of homes: 27
Median foreclosure sales price: NO DATA
Foreclosure discount: NO DATA
Most common home type: 71.10% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 10.13%
Number of renters: 34.48%
Number of owner occupied: 65.52%
Number people living below poverty level: 18.52%
Unemployment rate: 3.4%
Is this area perfect for real estate deals going on right now? Data shows, that Butte once was one of the highest appreciating communities in the nation… but that was a little over a year ago, and housing appreciation rates has dipped into a negative trend. Savvy investors see this as opportunity to purchase home due to the home prices starting to stagnate and give lower overall prices. With this, they can buy low, wait our the lull, and enjoy the rising appreciation as the market returns.

Population: 39,860
Average annual home appreciation rate: -1.64%
Total of homes for sale in this market: 1,216
Median home price: $275,063
Median Rent: $869 per room
Home price range: 36.34% of homes are between $219,001 – $328,000
Median sales price: NO DATA
Number of homes: 4
Median foreclosure sales price: NO DATA
Foreclosure discount: NO DATA
Most common home type: 40.33% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 10.24%
Number of renters: 54.86%
Number of owner occupied: 45.14%
Number people living below poverty level: 21.72%
Unemployment rate: 2.3%
Is this area perfect for real estate deals going on right now? With the combination of the gradual negative decline of the appreciation rates, the good home prices and rental rates, it could be a great market for the buy and hold savvy investor… waiting for the market to return to what it has the ability to become…