Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 9,510 people, 4,336 houses or apartments, and a median cost of homes of $237,069, 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 76.24% of the city's housing units. Other types of housing that are prevalent in Anaconda include large apartment complexes or high rise apartments ( 7.69%), duplexes, homes converted to apartments or other small apartment buildings ( 7.66%), and a few mobile homes or trailers ( 6.38%).
People in Anaconda primarily live in small (one, two or no bedroom) single-family detached homes. Anaconda has a mixture of owner-occupied and renter-occupied housing.
The housing in Anaconda was primarily built before 1939 ( 35.61%), 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 ( 33.82%), followed by between 1970-1999 ( 22.70%). There's also some housing in Anaconda built between 2000 and later ( 7.88%).
Vacant housing appears to be an issue in Anaconda. Fully 20.95% 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.
Appreciation rates for homes in Anaconda have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 96.87%, which ranks in the top 40% nationwide. This equates to an annual average Anaconda house appreciation rate of 7.01%.
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 4.04%, 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 -1.72%, which equates to an annual appreciation rate of -6.72%.
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 higher than 60% of the other cities and towns in Montana.
$237,069
for Montana
for nation
4,336
$997 / per month