Anaconda appreciation rates and housing market information
Anaconda housing market information
With 9,298 people, 4,018 houses or apartments, and a median cost of homes of $117,369, Anaconda real estate and house prices are near the national average for all cities and towns.
Single-family detached homes are the single most common housing type in Anaconda, accounting for 78.25% of the city's housing units. Other types of housing that are prevalent in Anaconda include duplexes, homes converted to apartments or other small apartment buildings (8.04%), large apartment complexes or high rise apartments (6.71%), and a few mobile homes or trailers (6.57%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Anaconda. Owner-occupied housing accounts for 72.70% of Anaconda's homes, and 49.16% have either three or four bedrooms, which is average sized relative to America.
The housing in Anaconda was primarily built before 1939 (39.74%), making the housing stock in Anaconda some of the oldest overall in America, although there is a range of ages of homes in Anaconda. The next most important housing age is between 1940-1969 (31.10%), followed by between 1970-1999 (24.17%). There's also some housing in Anaconda built between 2000 and later (4.99%).
Vacant housing appears to be an issue in Anaconda. Fully 23.92% of the housing stock is classified as vacant. Left unchecked, vacant Anaconda homes and apartments can be a drag on the real estate market, holding Anaconda real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Anaconda home appreciation rates
In the last 10 years, Anaconda has experienced some of the highest home appreciation rates of any community in the nation. Anaconda real estate appreciated 68.26% over the last ten years, which is an average annual home appreciation rate of 5.34%, putting Anaconda in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Anaconda definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Anaconda that despite a nationwide downturn in the housing market, Anaconda real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Anaconda appreciation rates continue to be some of the highest in America, at 10.68%, which is higher than appreciation rates in 89.47% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Anaconda. Anaconda appreciation rates in the latest quarter were at 2.39%, which equates to an annual appreciation rate of 9.89%.
Importantly, this makes Anaconda one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.
Relative to Montana, our data show that Anaconda's latest annual appreciation rate is higher than 80% of the other cities and towns in Montana.