59401, Great Falls, MT

The Great Falls, MT 59401 zip code has a population of around 34,000 people and is located in the central part of the state. The median household income in this zip code is around $60,000 which is lower than the national median household income of $53,046. However, compared to other Montana zip codes, the 59401 median home value is high at $186,700. This may be due to the fact that this area has a high concentration of jobs in government and healthcare sectors. Additionally, there are a number of luxury homes in this area as well.

The average home value in the 59401 zip code has increased by over 20% since 2006 when it was worth $160,100. In 2016 alone, the average home value increased by over 10%. This trend seems to be continuing as recently as May 2017 when the average home value was reported to be $187,200. While there may be some variation from year-to-year due to market conditions and other factors (such as new construction), it appears that overall prices are on an upward trajectory in this area.

One potential reason for this increase in home values could be related to low interest rates which have made borrowing more affordable for buyers and allowed sellers to receive higher prices for their homes. Additionally, there may also be some speculation going on within the market which could lead to further price increases if not properly managed or controlled (i.e., overbuilding). However, despite these factors (and others), it's important to keep in mind that local market conditions can change quickly so it's always best to consult with a real estate agent if you're interested in purchasing or selling a home here.