1 yr. home price change
: +5.6% Median home price
: $151,300 Unemployment rate
: 6.4% (15th lowest)
Montana shares characteristics with several of the Plains States. It never suffered from high unemployment during the recession; as a matter of fact, the jobless rate has been extraordinarily low. The agriculture and oil industries did well, and commodity prices were high. The cost of living in these states was, and still is, relatively low compared to the national average, and so are home prices. The benefits of being a homeowner in Montana should continue. Corelogic predicts that the appreciation in home prices in the state will be the 14th best among all states from the first quarter of 2013 to the first quarter of 2014, and the 12th best among all states from the first quarter of this year through the first quarter of 2017.
(iStock Photo) More From 24/7 Wall St.
: America’s 10 Disappearing Jobs Cities with the Most Homes in Foreclosure American Cities Adding the Most Jobs The opinions expressed are solely those of the author and do not necessarily reflect the views of Comcast.