Columbia Falls MT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Columbia Falls, 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 Q2 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

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

Columbia Falls Housing Market Information

With 5,575 people, 2,289 houses or apartments, and a median cost of homes of $246,262, 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%).

Columbia Falls Home Appreciation Rates

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 42.76%, which ranks in the top 30% nationwide. This equates to an annual average Columbia Falls house appreciation rate of 3.62%.

Appreciation rates are so strong in Columbia Falls that despite a nationwide downturn in the housing market, Columbia Falls real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Columbia Falls appreciation rates continue to be some of the highest in America, at 6.22%, which is higher than appreciation rates in 83.33% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Columbia Falls. Columbia Falls appreciation rates in the latest quarter were at 1.86%, which equates to an annual appreciation rate of 7.66%.

Importantly, this makes Columbia Falls 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 Columbia Falls's latest annual appreciation rate is higher than 60% of the other cities and towns in Montana.

Average Home Values

 

Median Home Value:
$246,262

Columbia Falls, MT HOME PRICES

Value Range
> $1,267,000 0.0
$950,001 - $1,267,000 0.8
$633,001 - $950,000 1.4
$507,001 - $633,000 3.5
$380,001 - $507,000 9.3
$254,001 - $380,000 32.2
$127,001 - $254,000 42.4
$63,001 - $127,000 4.0
$0 - $63,000 6.5

Average for MT
High for Nation

Value Relative to Nation Value Relative to State
29.9678832116788 41.40625

Number Of Homes And Apartments:
2,289

Columbia Falls Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MT*
Compared To
America*
Latest Quarter:
2020 Q1 - 2020 Q2
Last 12 Months:
2019 Q2 - 2020 Q2
Last 2 Years:
2018 Q2 - 2020 Q2
Last 5 Years:
2015 Q2 - 2020 Q2
Last 10 Years:
2010 Q2 - 2020 Q2
Since 2000:
2000 Q1 - 2020 Q2
110.22% 3.69%
3
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$944 / per month

Homeownership Rate

Homeownership
Owners 69.36
Renters 30.64
Vacant 3.34

Housing Market Details

 

Age of Homes

AGE OF Columbia Falls HOMES
2000 or Newer 23.4
1970 - 1999 42.3
1940 - 1969 30.4
1939 or Older 3.9

Types of Homes

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

Home Size

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

Popular Neighborhoods in Columbia Falls

Popular Communities Near Columbia Falls, MT

Zip Codes in Columbia Falls, MT