59602, Helena, MT

Helena, MT is located in the southwestern corner of Montana and has a population of just over 30,000 people. The 59602 zip code covers most of Helena and has a median home value of $147,200. Home equity in this zip code is relatively high compared to other areas in Montana. In fact, according to Zillow’s 2018 Home Value report, the median home value in the Helena area ranks as #4 out of 594 zip codes across the United States with a median home value above $100,000.

The high home equity in this zip code likely reflects several factors. First, Helena is a relatively affluent community with a higher-than-average income level. Second, Helena’s housing market has been stable for many years now which likely contributes to the high home values. Finally, Helena’s housing market is also constrained by limited inventory which drives up prices even more.

Despite these positive factors, there are some risks associated with owning a home in the 59602 zip code. For example, if interest rates rise or if there are any major changes in the local economy (e.g., an oil spill), then homeowners could experience significant financial difficulties due to their high levels of home equity. Additionally, although Helena’s housing market is stable now, it could potentially change at any time and could lead to lower prices and/or decreased demand for homes in this area.