Property for sale in Montana
Montana, the state with two unofficial nicknames ,Big Sky Country and The Treasure State, is one of the northernmost states in the United States. It also shares its northern border with the southern borders of British Columbia, Alberta and Saskatchewan.
This period is not the best to invest money in property for sale in Montana and the country is not the best place in USA to search for a good investment.
The state is quite large but is sparsely populated, with only 1,042,520 inhabitants classified as the eighth least populous state and the third most sparsely populated state in the nation.
Montana is largely characterized by its mountain ranges.
Montana's economy is mainly composed of agriculture. Mainly farms and cereal breeding.
The state also has a rapidly growing tourism sector. There are over ten million visitors a year at Glacier National Park and Flathead Lake. Also in the sources of the Missouri River, the site of the Battle of Little Bighorn and three of the five entrances to Yellowstone National Park.
Montana's healthy and diverse economy contributes to a healthy and diverse Montana real estate market. The State also has five Statistical Metropolitan Areas, centred in the cities of Bozeman, Butte, Helena, the capital, Kalispell and Havre, perhaps the best place where looking for property for sale in Montana.
Domestic values are rising in Montana, as they have been for a few years. This tendency is likely to continue.
The average value of a property for sale in Montana has increased by 7.0% in the last year and will increase by 3.8% in the next year.
The average value of the property for sale in Montana is higher than the national average.
The NAR, has recorded an increase of over 5% of home sales in the third quarter of 2017 even though the real estate market in Montana is experiencing a shortage of available homes. This happens in some regions of the state. This shortage is due to the steady increase in employment growth and the limited ability of construction companies to maintain supply.
Montana's real estate market has a lot to offer throughout the state, but some areas stand out.
This is the case of Bozeman, in Montana. Bozeman has been ranked as the best place to live in the state of Montana and the ideal place where hunting for property for sale in Montana.
Houses in the area can be difficult to find. Less than half of the city's inhabitants own their own home.
The average value of a house in Bozeman is about $ 100,000 higher than the national average. Average monthly costs of renting in the city are lower than the national average.
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