59741, Manhattan, MT

Home Equity and Home Prices in the 59741 Zip Code of Manhattan, MT

There is no doubt that home equity and home prices are two important factors to consider when buying or selling a home. In the zip code of 59741 in Manhattan, MT, both the value of homes and their equity have increased significantly over the past few years. According to Zillow, as of August 2018, the median home value in this zip code was $269,500. This is up from $228,900 only five years earlier. Meanwhile, homeowners' equity has also seen significant growth; as of August 2018 it was estimated at $282,100. This means that even if a homeowner's mortgage is more than 80% paid off (a very common situation), they still have plenty of equity left to borrow against should they need to sell their home in the future.

While there are many factors that can affect a house's market value and homeowners' equity (including interest rates, local economic conditions, etc.), it's clear that both values have been on an upward trajectory in the 59741 zip code over recent years. If you're looking for a property in this area with good potential for growth (and don't mind taking on some extra debt), now may be a great time to buy!