59803, Missoula, MT

Missoula, Montana is located in the Western United States and has a population of about 115,000 people. The 59803 zip code covers parts of Missoula and the surrounding rural areas. The median home value in this zip code is $191,200 which is significantly higher than the national median home value of $181,600. This high home value may be due to the many affluent residents who live in this area or because Missoula has been relatively immune to economic downturns compared to other parts of the country.

The average monthly mortgage payment for homes in this zip code is $1,898 which is lower than the national average mortgage payment of $2,189. This may be due to low interest rates or because many homeowners have access to favorable financing options through their employer or government programs. Additionally, Missoula has a high rate of homeownership which contributes to its housing affordability.

Despite these positive factors, there are some challenges that affect home values in this area. One issue is that there are not enough homes available for sale which can lead to increased prices and slowerdowns in sales activity. Additionally, Missoula experiences a high level of unemployment which can make it difficult for people to qualify for a mortgage or afford a house on their own.