The realty market has been a wild ride for the past year or two. The demand for property and affordable living has been through the roof. During the height of the pandemic, many out of state "COVID refugees" were buying homes in Missoula county "sight unseen." Meaning, they didn't care what shape the property was in, they were going to offer cash for it. Before you knew it, homes were valued 200% more than the year prior. As supply and demand goes, even the run-down properties were going for astronomical prices.

With property values continuing to rise, and wages remaining stagnant, renters are now being booted so that landlords can sell their properties. Finding rental properties is nearly impossible. Some are being forced to buy property, but with limited budgets. Thankfully, there are a few affordable options. They are by no means the Taj Mahal, but  might work in a pinch.

Check out Missoula's least expensive home.

518 Caravan Street

$40,000
3 bd
2 ba
1,072 sqft

According to the listing on Zillow

This 3 bed / 1.5 bath manufactured home offers a spacious living room and large kitchen with ample cabinet and countertop space. Flooring has recently been redone throughout. Convenient location offers quick access to the highway, downtown and Reserve for entertainment, food and more! This home is on a rented lot. Lot rent is approximately $380/month, plus water. Buyers must fill out an application with Travois Village for lot rental.

It may not be the prettiest thing you have seen. But as they say "home is where you make it." With lot rent, water and estimated mortgage, you are looking at roughly $600 month.

Missoula's Least Expensive Home

 

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