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 5,876, 2,289 total housing units (homes and apartments), and a median house value of $248,879, Columbia Falls real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Columbia Falls, accounting for 71.75% of the city's housing units. Other types of housing that are prevalent in Columbia Falls include duplexes, homes converted to apartments or other small apartment buildings ( 12.33%), large apartment complexes or high rise apartments ( 8.45%), and a few mobile homes or trailers ( 4.14%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Columbia Falls. Owner-occupied housing accounts for 69.36% of Columbia Falls's homes, and 59.84% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Columbia Falls 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 Columbia Falls built between 1940-1969 ( 30.41%). A lesser amount of the housing stock also hails from between 2000 and later ( 23.40%). There's also some housing in Columbia Falls built before 1939 ( 3.89%).
Appreciation rates for homes in Columbia Falls have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 44.63%, which ranks in the top 30% nationwide. This equates to an annual average Columbia Falls house appreciation rate of 3.76%.
NeighborhoodScout's data show that during the latest twelve months, Columbia Falls's appreciation rate, at 4.35%, has been at or slightly above the national average. In the latest quarter, Columbia Falls's appreciation rate has been 1.07%, which annualizes to a rate of 4.35%.
Relative to Montana, our data show that Columbia Falls's latest annual appreciation rate is higher than 70% of the other cities and towns in Montana.
Value Range | |
---|---|
> $1,281,000 | 0.0 |
$960,001 - $1,281,000 | 0.8 |
$640,001 - $960,000 | 1.4 |
$512,001 - $640,000 | 3.5 |
$384,001 - $512,000 | 9.3 |
$256,001 - $384,000 | 32.2 |
$128,001 - $256,000 | 42.4 |
$64,001 - $128,000 | 4.0 |
$0 - $64,000 | 6.5 |
Value Relative to Nation | Value Relative to State |
---|---|
29.9970802919708 | 41.40625 |
Homeownership | |
---|---|
Owners | 69.36 |
Renters | 30.64 |
Vacant | 3.34 |
AGE OF Columbia Falls HOMES | |
---|---|
2000 or Newer | 23.4 |
1970 - 1999 | 42.3 |
1940 - 1969 | 30.4 |
1939 or Older | 3.9 |
TYPE OF Columbia Falls HOMES | |
---|---|
Single-Family | 71.7 |
Townhomes | 3.3 |
Small Apt. Buildings | 12.3 |
Apt. Complexes | 8.4 |
Mobile Homes | 4.1 |
Other | 0.0 |
SIZE OF Columbia Falls HOMES | |
---|---|
No Bedroom | 0.00 |
1 Bedroom | 8.53 |
2 Bedrooms | 30.11 |
3 Bedrooms | 42.95 |
4 Bedrooms | 16.89 |
5 or more bedrooms | 1.52 |