Browning, MT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Browning Neighborhoods Since 2000




Browning, 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

Browning Housing Market Information

With a population of 1,027, 402 total housing units (homes and apartments), and a median house value of $63,161, house prices in Browning are some of the most affordable in Montana as well as the nation.

Single-family detached homes are the single most common housing type in Browning, accounting for 65.32% of the town's housing units. Other types of housing that are prevalent in Browning include mobile homes or trailers ( 16.44%), duplexes, homes converted to apartments or other small apartment buildings ( 9.91%), and a few large apartment complexes or high rise apartments ( 6.76%).

People in Browning primarily live in small (one, two or no bedroom) single-family detached homes. Browning has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Browning 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 Browning built between 1940-1969 ( 28.83%). A lesser amount of the housing stock also hails from before 1939 ( 12.61%). There's also some housing in Browning built between 2000 and later ( 5.63%).

Browning Home Appreciation Rates

Browning's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Browning during the period has been just -0.97%, which is lower than 70% of US communities.

Appreciation rates are so strong in Browning that despite a nationwide downturn in the housing market, Browning real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Browning appreciation rates continue to be some of the highest in America, at 7.03%, which is higher than appreciation rates in 81.51% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Browning. Browning appreciation rates in the latest quarter were at 2.06%, which equates to an annual appreciation rate of 8.49%.

Importantly, this makes Browning 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 Browning's latest annual appreciation rate is higher than 50% of the other cities and towns in Montana.

Average Home Values

 

Median Home Value:
$63,161

Browning, MT HOME PRICES

Value Range
> $1,094,000 0.0
$820,001 - $1,094,000 0.0
$547,001 - $820,000 2.1
$438,001 - $547,000 0.0
$328,001 - $438,000 1.1
$219,001 - $328,000 0.3
$110,001 - $219,000 20.1
$55,001 - $110,000 35.0
$0 - $55,000 41.4

Very Low for MT
Very Low for Nation

Value Relative to Nation Value Relative to State
97.345599437478 100.0

Number Of Homes And Apartments:
402

Browning 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
33.21% 1.68% 1 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$574 / per month

Homeownership Rate

Homeownership
Owners 52.74
Renters 47.26
Vacant 9.46

Housing Market Details

 

Age of Homes

AGE OF Browning HOMES
2000 or Newer 5.6
1970 - 1999 52.9
1940 - 1969 28.8
1939 or Older 12.6

Types of Homes

TYPE OF Browning HOMES
Single-Family 65.3
Townhomes 1.6
Small Apt. Buildings 9.9
Apt. Complexes 6.8
Mobile Homes 16.4
Other 0.0

Home Size

SIZE OF Browning HOMES
No Bedroom 4.50
1 Bedroom 5.86
2 Bedrooms 50.68
3 Bedrooms 31.53
4 Bedrooms 6.08
5 or more bedrooms 1.35

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Zip Codes in Browning, MT