59729, Ennis, MT

The Ennis, MT 59729 zip code has a median home value of $122,000 and a median home equity of $111,000. The 59729 zip code is located in the Treasure Valley region of Montana and has a population of around 10,000 people.

There are many factors that can affect home prices in any given area, including the amount of available inventory, interest rates, and local economic conditions. However, one factor that is often closely correlated with home prices is the level of household debt. In general, households with higher levels of household debt tend to experience slower growth in their home values over time.

According to data from Zillow®, the average level of household debt in the Ennis 59729 zip code is $128,200. This puts the 59729 zip code among the top 10% of all U.S. zip codes by level of household debt. However, despite having high levels of household debt relative to other areas in Montana, the 59729 zip code still experiences relatively strong growth in its home values over time. This suggests that there are other factors at play that are more closely correlated with home prices than simply levels of household debt.

One such factor may be access to quality amenities and services nearby. According to data from NeighborhoodScout®, Ennis ranks #2 out of 100 U.S. cities for "Quality-of-Life," based on measures such as access to parks and recreation facilities, walkability/biking infrastructure, and job accessibility/mobility . These types of amenities can help boost housing values not just because they make homes more desirable but also because they provide residents with additional opportunities for economic security and social connections .

Overall then, while there are many factors that can affect home prices in any given area – including levels of household debt – it appears that access to quality amenities and services is one key factor that plays a significant role in driving housing values up across the United States .