59801, Missoula, MT

The Missoula, MT 59801 zip code has a population of about 104,000 people and is located in the Western region of the state. The median home value in this zip code is $183,600 which is significantly higher than the national median home value of $177,800. This high home value can be attributed to a number of factors including a strong economy and low unemployment rates. Additionally, Missoula has a relatively low percentage of homes that are owned by individuals and families which may contribute to its high home values.

One important factor that affects home values is interest rates. When interest rates are high, it makes it more difficult for people to afford homes and purchase property. Over time, as interest rates decrease, more people can afford to buy homes and the prices of those homes will go up. In general, it is important for buyers to keep an eye on interest rates in order to stay informed about how they are affecting the market for their specific area.

Another factor that affects home values is supply and demand. When there is an increased demand for properties in an area due to an increase in population or economic growth, the prices of those properties will go up. Conversely, if there is decreased demand for properties or if there are too many available properties on the market (due to a decrease in population or economic growth), then the prices of those properties will go down. It is important for buyers to be aware of both current trends and long-term forecasts when looking at purchasing a property because they can have a significant impact on how much money they end up spending on their new home