Bigfork, MT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Bigfork Neighborhoods Since 2000




Bigfork, MT Real Estate Data

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 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Bigfork Housing Market Information

With 4,374 people, 1,837 houses or apartments, and a median cost of homes of $395,914, Bigfork house prices are not only among the most expensive in Montana, Bigfork real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Bigfork, accounting for 69.56% of the town's housing units. Other types of housing that are prevalent in Bigfork include duplexes, homes converted to apartments or other small apartment buildings ( 9.21%), mobile homes or trailers ( 7.39%), and a few row houses and other attached homes ( 6.89%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Bigfork. Owner-occupied housing accounts for 75.09% of Bigfork's homes, and 49.21% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Bigfork built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Bigfork built between 2000 and later ( 34.84%). A lesser amount of the housing stock also hails from between 1940-1969 ( 7.80%). There's also some housing in Bigfork built before 1939 ( 3.30%).

A decent proportion of the Bigfork housing stock is seasonally occupied. That is, homes and condos in Bigfork are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Bigfork housing market speaks to its popularity as a vacation location of choice.

Bigfork Home Appreciation Rates

Real estate appreciation rates in Bigfork's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.35% during the period.

NeighborhoodScout's data show that during the latest twelve months, Bigfork's appreciation rate, at 4.26%, has been at or slightly above the national average. In the latest quarter, Bigfork's appreciation rate has been 2.06%, which annualizes to a rate of 8.49%.

Importantly, this makes Bigfork one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to Montana, our data show that Bigfork's latest annual appreciation rate is lower than 70% of the other cities and towns in Montana.

Average Home Values

 

Median Home Value:
$395,914

Bigfork, MT HOME PRICES

Value Range
> $1,140,000 4.5
$855,001 - $1,140,000 7.5
$570,001 - $855,000 14.2
$456,001 - $570,000 10.0
$342,001 - $456,000 17.6
$228,001 - $342,000 26.0
$114,001 - $228,000 11.1
$57,001 - $114,000 6.1
$0 - $57,000 3.1

Very High for MT
Very High for Nation

Value Relative to Nation Value Relative to State
9.66248681589125 2.34375

Number Of Homes And Apartments:
1,837

Bigfork Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MT*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
76.03% 3.33% 3 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,221 / per month

Homeownership Rate

Homeownership
Owners 75.09
Renters 24.91
Vacant 42.23

Housing Market Details

 

Age of Homes

AGE OF Bigfork HOMES
2000 or Newer 34.8
1970 - 1999 54.1
1940 - 1969 7.8
1939 or Older 3.3

Types of Homes

TYPE OF Bigfork HOMES
Single-Family 69.6
Townhomes 6.9
Small Apt. Buildings 9.2
Apt. Complexes 6.7
Mobile Homes 7.4
Other 0.3

Home Size

SIZE OF Bigfork HOMES
No Bedroom 3.30
1 Bedroom 10.25
2 Bedrooms 30.82
3 Bedrooms 37.48
4 Bedrooms 11.73
5 or more bedrooms 6.42

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Zip Codes in Bigfork, MT