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 a population of 9,491, 4,161 total housing units (homes and apartments), and a median house value of $215,086, 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 75.74% of the city's housing units. Other types of housing that are prevalent in Anaconda include mobile homes or trailers ( 7.55%), duplexes, homes converted to apartments or other small apartment buildings ( 7.43%), and a few large apartment complexes or high rise apartments ( 6.95%).
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.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Anaconda's housing was primarily built during this period, from the '40s through the '60s. A full 35.66% of the city's housing hails from this era. Other housing ages represented in Anaconda include homes built before 1939 ( 34.05%) and housing constructed between 1970-1999 ( 23.74%). There's also some housing in Anaconda built between 2000 and later ( 6.55%).
Vacant housing appears to be an issue in Anaconda. Fully 23.71% 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 96.19%, which ranks in the top 30% nationwide. This equates to an annual average Anaconda house appreciation rate of 6.97%.
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 -0.70%, 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 3.43%, which equates to an annual appreciation rate of 14.45%.
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.
$1,157 / per month