59935, Troy, MT

The Troy zip code of 59935 has a median home value of $130,000 and a median home equity value of $101,000. The homeownership rate in the zip code is 66.7%, which is lower than the Montana statewide homeownership rate of 71.4%. There are also fewer homes in the zip code that are worth more than $250,000 than there are homes that are worth more than $500,000. The average list price per square foot for homes in the zip code is $111, which is higher than the Montana statewide average of $98.

The Troy area has seen an increase in home values over the past few years. In January 2017, there was a 1% increase in home values compared to January 2016. This was followed by another 1% increase in March 2017 and then another 2% increase in October 2017. These increases have been largely due to an influx of new residents into the area who are purchasing homes at or above their current market value.

There are several factors that could be contributing to this trend including low unemployment rates and increasing wages across many industries, increased demand for housing due to an aging population and increasing interest rates that make mortgages more affordable. While it is too early to tell if these increases will continue into 2018 or if they will level off at some point, it is clear that Troy homeownership rates and home values will continue to rise over time as long as these trends continue