Anaconda, MT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Anaconda, MT Real Estate Data


Anaconda Housing Market Information

With a population of 9,139, 3,851 total housing units (homes and apartments), and a median house value of $127,033, 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 77.14% 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 ( 7.72%), mobile homes or trailers ( 7.50%), and a few large apartment complexes or high rise apartments ( 6.59%).

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 ( 35.57%), 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 ( 31.28%), followed by between 1970-1999 ( 25.47%). There's also some housing in Anaconda built between 2000 and later ( 7.68%).

Vacant housing appears to be an issue in Anaconda. Fully 24.95% 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.

Anaconda Home Appreciation Rates

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 14.67%, which ranks in the top 30% nationwide. This equates to an annual average Anaconda house appreciation rate of 1.38%.

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 -1.18%, 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 -1.03%, which equates to an annual appreciation rate of -4.07%.

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 90% of the other cities and towns in Montana.

Average Home Values

 

Median Home Value:
$127,033

Anaconda, MT HOME PRICES

Value Range
> $1,072,000 0.2
$803,001 - $1,072,000 1.1
$536,001 - $803,000 1.1
$429,001 - $536,000 2.3
$322,001 - $429,000 3.9
$214,001 - $322,000 16.5
$107,001 - $214,000 30.6
$54,001 - $107,000 27.9
$0 - $54,000 16.3

Low for MT
Low for Nation

Value Relative to Nation Value Relative to State
61.1771944216571 78.125

Number Of Homes And Apartments:
3,851

Rent & Ownership

 

Average Market Rent:
$694 / per month

Homeownership Rate

Homeownership
Owners 63.39
Renters 36.61
Vacant 24.95

Housing Market Details

 

Age of Homes

AGE OF Anaconda HOMES
2000 or Newer 7.7
1970 - 1999 25.5
1940 - 1969 31.3
1939 or Older 35.6

Types of Homes

TYPE OF Anaconda HOMES
Single-Family 77.1
Townhomes 0.7
Small Apt. Buildings 7.7
Apt. Complexes 6.6
Mobile Homes 7.5
Other 0.4

Home Size

SIZE OF Anaconda HOMES
No Bedroom 3.51
1 Bedroom 16.43
2 Bedrooms 30.03
3 Bedrooms 32.00
4 Bedrooms 11.56
5 or more bedrooms 6.47

Anaconda Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MT*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
47.19% 2.27% 1 6
* 10 is highest

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