59436, Fairfield, MT

The home equity and home prices in the 59436 zip code of Fairfield, MT are reflective of the overall market conditions in the area. The median home value in this zip code is $191,000, which is lower than the statewide median home value of $269,500. Additionally, there are a smaller number of homes available for sale in this zip code compared to other areas of Montana. This may be due to the recent recession or a lack of inventory on the market. As a result, buyers may need to compete for available homes and pay higher prices.

Despite these challenges, there are still some homeowners who have been able to benefit from rising home values over the past few years. Those who were able to purchase their homes prior to 2008 have seen their equity increase significantly as prices have increased by an average of 25%. Additionally, those who purchased their homes within the past two years have seen even larger increases with values increasing by an average of 41%. However, it should be noted that not all homeowners in this zip code have experienced such strong growth rates; those who purchased their homes between 2009 and 2013 saw values increase by only 10%.

Overall, while homeownership rates remain low in Fairfield (only 58%), there is evidence that those who do own property are benefiting from rising home values. While it may not be easy for everyone to buy or sell a home during these challenging times, it seems likely that many residents will see significant gains over time as long as they stay current on their mortgage payments and don't sell prematurely for less than they believe their property is worth.