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Cities with the fastest-growing home prices in the Great Falls metro area
Zillow data show some metro areas still posting gains as limited supply supports prices, even as higher mortgage rates slow growth.
On Tuesday, data for the Ames metro area showed strong home value growth, with Kelley, IA , Cambridge, IA , and Ames, IA among cities with the fastest-growing prices.
The real estate frenzy spurred by the coronavirus pandemic continues, though at a slower pace; rising mortgage rates have cooled the market, with prices declining in some regions.
Typical home values vary across the region, with Story City, IA , Colo, IA , and Nevada, IA reflecting the diverse market conditions found in local communities.
Appreciation continues in cities like Huxley, IA and Slater, IA, which saw 5-year price increases of 17.8% and 25.6% respectively.
Market data tracked since January 2018 suggests complex local dynamics, where neighborhood-level supply and demand drive price appreciation across the Ames metro area.