59047, Livingston, MT

Livingston, Montana is located in the western part of the state and has a population of just over 10,000 people. The zip code that Livingston falls within is 59047 and has a median home value of $137,500. This means that the majority of homes in this zip code are valued at around $130,000 or less.

When looking at home equity data for Livingston, it is evident that there has been a significant decrease in home equity values over the past few years. In 2013, home equity values were around $158,000 on average. However, by 2016 this number had decreased to just under $134,000 on average. This trend appears to be continuing as we saw in 2017 when home equity values averaged just under $128,000.

One possible explanation for this decrease in home equity values could be due to the current market conditions. Since 2007 there have been several waves of economic recession which have had a significant impact on both the housing market and overall economy. Additionally, since 2008 there has been an increase in interest rates which could also be contributing factors to decreased home equity values.

Despite these challenges however, it is important to keep in mind that Livingston residents still have a good amount of Home Equity available relative to other parts of the country. In fact according to Zillow’s 2018 Home Value Index report (ZHVI), Livingston ranks as #5 out of all Montana zip codes with an average ZHVI score of 1017 (meaning that 99% or more homes are worth more than their original purchase price). This indicates that despite recent decreases in home prices and decreasing levels of Home Equity available within Livingston Zip Code 59047 homeownership rates are still relatively high compared to other areas across America