Anaconda, MT Real Estate Market

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2022. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Anaconda, MT Housing Market Trends

With 9,421 people, 4,069 houses or apartments, and a median cost of homes of $209,701, 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 76.27% of the city's housing units. Other types of housing that are prevalent in Anaconda include mobile homes or trailers ( 8.05%), large apartment complexes or high rise apartments ( 7.38%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 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.

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 35.57% of the city's housing hails from this era. Other housing ages represented in Anaconda include homes built before 1939 ( 34.40%) and housing constructed between 1970-1999 ( 24.11%). There's also some housing in Anaconda built between 2000 and later ( 5.92%).

Vacant housing appears to be an issue in Anaconda. Fully 22.02% 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 87.59%, which ranks in the top 30% nationwide. This equates to an annual average Anaconda house appreciation rate of 6.49%.

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 30.39%, which is higher than appreciation rates in 98.95% 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 4.08%, which equates to an annual appreciation rate of 17.33%.

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.

Average Home Values

 

Median Home Value:
$209,701

Anaconda, MT HOME PRICES

> $1,525,000
$1,144,001 - $1,525,000
$763,001 - $1,144,000
$610,001 - $763,000
$458,001 - $610,000
$305,001 - $458,000
$153,001 - $305,000
$76,001 - $153,000
$0 - $76,000
0.9%
0.9%
0.0%
0.0%
1.1%
1.1%
3.2%
3.2%
4.3%
4.3%
11.6%
11.6%
43.5%
43.5%
26.6%
26.6%
8.8%
8.8%
0.0% 100.0%
% OF HOMES
Value Relative To State

Average for Nation

Low for MT

Value Relative To Nation

Number Of Homes And Apartments:
4,069

Anaconda Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MT*
Compared To
America*
Latest Quarter:
2021 Q4 - 2022 Q1
Last 12 Months:
2021 Q1 - 2022 Q1
Last 2 Years:
2020 Q1 - 2022 Q1
Last 5 Years:
2017 Q1 - 2022 Q1
Last 10 Years:
2012 Q1 - 2022 Q1
Since 2000:
2000 Q1 - 2022 Q1
156.47% 4.32%
1
8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$939 / per month

Homeownership Rate

Owners
Renters
Vacant
59.5%
59.5%
40.5%
40.5%
22.0%
22.0%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
5.9%
5.9%
24.1%
24.1%
35.6%
35.6%
34.4%
34.4%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
76.3%
76.3%
1.9%
1.9%
6.4%
6.4%
7.4%
7.4%
8.0%
8.0%
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.4%
1.4%
16.7%
16.7%
36.7%
36.7%
29.0%
29.0%
13.0%
13.0%
3.2%
3.2%
0.0% 100.0%
% OF HOMES

Popular Neighborhoods in Anaconda

Popular Communities Near Anaconda, MT

Zip Codes in Anaconda, MT