Anaconda appreciation rates and housing market information
Anaconda housing market information
With 9,299 people, 4,018 houses or apartments, and a median cost of homes of $97,043, house prices in Anaconda are solidly below the national average.
Single-family detached homes are the single most common housing type in Anaconda, accounting for 80.98% 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 (7.16%), large apartment complexes or high rise apartments (6.26%), and a few mobile homes or trailers (5.20%).
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 50.83% have either three or four bedrooms, which is average sized relative to America.
The housing in Anaconda was primarily built before 1939 (38.91%), 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 (33.86%), followed by between 1970-1999 (22.01%). There's also some housing in Anaconda built between 2000 and later (5.22%).
Vacant housing appears to be an issue in Anaconda. Fully 21.00% 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
Anaconda's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Anaconda during the period has been just -2.07%, which is lower than 80% of US communities.
Over the last year, Anaconda appreciation rates have trailed the rest of the nation. In the last twelve months, Anaconda's appreciation rate has been -2.87%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Anaconda were at -2.08%, which equates to an annual appreciation rate of -8.07%.
Notably, Anaconda's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Montana, our data show that Anaconda's latest annual appreciation rate is lower than 80% of the other cities and towns in Montana.