59035, Fort Smith, MT

The home equity and home prices in the 59035 zip code of Fort Smith, MT are reflective of the overall market conditions in the area. In general, home values have been on a steady decline since 2007, when they peaked at $147,000. The average home value in the zip code as of September 2017 is $106,000. This represents a decrease of almost 20% from the peak value.

One reason for this decline may be that many homeowners in this area are underwater on their mortgages. That is, their homes are worth less than the amount they owe on them. As a result, many homeowners have had to sell their homes at below market prices in order to avoid foreclosure or bankruptcy.

Another factor contributing to the decline in home values is that there has been an increase in housing vacancies over the past few years. This has made it difficult for potential buyers to find available homes that meet their needs and budget constraints.