Hamilton, MT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Hamilton, 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

Hamilton Housing Market Information

With a population of 4,602, 2,371 total housing units (homes and apartments), and a median house value of $275,331, Hamilton real estate is some of the most expensive in Montana, although Hamilton home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Hamilton, accounting for 46.67% of the city's housing units. Other types of housing that are prevalent in Hamilton include large apartment complexes or high rise apartments ( 20.92%), duplexes, homes converted to apartments or other small apartment buildings ( 19.38%), and a few row houses and other attached homes ( 7.54%).

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

There is a lot of housing in Hamilton 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 Hamilton built between 2000 and later ( 25.99%). A lesser amount of the housing stock also hails from before 1939 ( 21.38%). There's also some housing in Hamilton built between 1940-1969 ( 9.92%).

Hamilton Home Appreciation Rates

Real estate appreciation rates in Hamilton's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.20% during the period.

Appreciation rates are so strong in Hamilton that despite a nationwide downturn in the housing market, Hamilton real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Hamilton appreciation rates continue to be some of the highest in America, at 9.15%, which is higher than appreciation rates in 91.22% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Hamilton. Hamilton appreciation rates in the latest quarter were at 2.06%, which equates to an annual appreciation rate of 8.49%.

Importantly, this makes Hamilton 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 Hamilton's latest annual appreciation rate is higher than 80% of the other cities and towns in Montana.

Average Home Values

 

Median Home Value:
$275,331

Hamilton, MT HOME PRICES

Value Range
> $1,170,000 1.6
$878,001 - $1,170,000 1.0
$585,001 - $878,000 4.6
$468,001 - $585,000 3.2
$351,001 - $468,000 14.3
$234,001 - $351,000 26.8
$117,001 - $234,000 37.1
$59,001 - $117,000 2.6
$0 - $59,000 8.8

Very High for MT
Very High for Nation

Value Relative to Nation Value Relative to State
18.9851166061174 14.0625

Number Of Homes And Apartments:
2,371

Hamilton 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
55.85% 2.61% 1 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$948 / per month

Homeownership Rate

Homeownership
Owners 38.93
Renters 61.07
Vacant 8.84

Housing Market Details

 

Age of Homes

AGE OF Hamilton HOMES
2000 or Newer 26.0
1970 - 1999 42.7
1940 - 1969 9.9
1939 or Older 21.4

Types of Homes

TYPE OF Hamilton HOMES
Single-Family 46.7
Townhomes 7.5
Small Apt. Buildings 19.4
Apt. Complexes 20.9
Mobile Homes 5.5
Other 0.0

Home Size

SIZE OF Hamilton HOMES
No Bedroom 2.00
1 Bedroom 15.26
2 Bedrooms 46.91
3 Bedrooms 32.10
4 Bedrooms 3.04
5 or more bedrooms 0.69

Popular Neighborhoods in Hamilton

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Zip Codes in Hamilton, MT