Montana's Median Housing Value Increases After Recession - ABC FOX MONTANA NEWS, WEATHER, SPORTS - KTMF/KWYB

Montana's Median Housing Value Increases After Recession

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BOZEMAN -

Gallatin County saw a decrease in the median housing value since the recession, but as a whole the median housing value across Montana has increased.

The American Community survey by the U.S. Census Bureau shows during the recession from 2007 to 2009 the median value of a home in Montana was $174,900.

After the recession from 2010 to 2012, median home values rose to $183,600. Economists say this five-percent increase in prices is because Montana's housing market was not hit as hard as other states during the recession.

"Our economy has been really stable. We did not experience the steep declines in the housing market because of the foreclosure that a lot of other states experienced. We maintained a surplus throughout the whole period when other states were looking at deficits," said Mark Craigle, Montana Department of Commerce Bureau Chief.

The survey was based on population areas with more than 20,000 people.

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