Rent to Own houses in the Montana offer an advantage unique to the aspiring homeowners. The housing market in the Treasure State is strong, receiving an above average positive rating from Zillow with strong home prices, but over the course of the past year median home values have depreciated 3.6 percent. Their metrics predict values will drop nearly one percent this year, which may push investment owners and landlords to sell their properties sooner, quicker, and using alternative methods. On average, homes listed on Zillow spend 148 days on the market as of early this year, which adds pressure on sellers looking to unload properties to consider lease option agreements for their buyers. Rent to Own buyers looking to speculate on this turn can sign a lease option agreement, live in the home over the course of the term, and have the option to buy if the market turns--or walk away without consequences like foreclosure or default.
Big Sky Country
Montana is mostly rural country that is traditionally a haven for ranchers, rodeo fans, and folks in love with the cowboy culture. The Treasure State is very open and sparsely populated, featuring famous big sky flat lands and mountains that offer residents plenty of room to be themselves. Major industries in the Montana include agriculture, livestock, tourism, timber, and mining. Population growth averages at about 0.9 percent annually. Job growth in Montana continues at 1.4 percent and unemployment sits at a very low 4.3 percent. For average income, the median household income is $33,024 and the median family income is $40,487 annually.
Rising Sun, MT Source: WikipediaBuying in Wide Open Spaces
Montana homes average near the national average for home values. As of March 2015, the average home value in Montana was $184,800. Delinquency in Montana is exceptionally low, meaning the likelihood of finding foreclosed properties is equally low. Some of the most popular metro areas in Helena, Billings, Missoula, Great Falls, and Bozeman.
Montana has notable universities that include Montana State University, University of Montana, Carroll College, Montana Tech, and Montana State University Billings. Primary and secondary education ranks good to average statewide with the best schools concentrated near the major metro areas, especially college towns like Bozeman and Missoula.
Violent crime rates are among the lowest in the nation in Montana according to Neighborhood Scout, coming in well below the 3.8 per 1,000 residents national average at 2.53 while property crime is 25.57 per 1,000 residents and is slightly below the 27.3 national average.
Bozeman, MT. Via AllTrips BozemanCulture and Entertainment
Montana is home to many fantastic points of interest including Glacier National Park, Museum of the Rockies, Pictograph Cave, Big Sky Resort, and Whitefish Lake State Park. Rodeos and enjoying natural is a main pastime here, and winter brings many for skiing season. Since there are not many huge cities in Montana, life moves at a slower pace and everyone gets to know each other well. Montana is also a hotspot for digging up fossils and dinosaur bones, attracting many scholars, paleontologists, and tourists alike.