Havre, MT Real Estate Market

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 Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Havre, MT Housing Market Trends

With 9,791 people, 4,160 houses or apartments, and a median cost of homes of $198,105, Havre real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Havre, accounting for 67.00% of the city's housing units. Other types of housing that are prevalent in Havre include duplexes, homes converted to apartments or other small apartment buildings ( 11.39%), large apartment complexes or high rise apartments ( 11.05%), and a few mobile homes or trailers ( 8.50%).

The most prevalent building size and type in Havre are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 54.96% owning and 45.04% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Havre's housing was primarily built during this period, from the '40s through the '60s. A full 43.47% of the city's housing hails from this era. Other housing ages represented in Havre include homes built between 1970-1999 ( 31.69%) and housing constructed before 1939 ( 21.61%). There's also some housing in Havre built between 2000 and later ( 3.23%).

Havre Home Appreciation Rates

In the last 10 years, Havre has experienced some of the highest home appreciation rates of any community in the nation. Havre real estate appreciated 55.15% over the last ten years, which is an average annual home appreciation rate of 4.49%, putting Havre in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Havre definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Havre that despite a nationwide downturn in the housing market, Havre real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Havre appreciation rates continue to be some of the highest in America, at 7.64%, which is higher than appreciation rates in 93.80% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Havre. Havre appreciation rates in the latest quarter were at 3.54%, which equates to an annual appreciation rate of 14.95%.

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

Average Home Values

 

Median Home Value:
$198,105

Havre, MT HOME PRICES

> $1,240,000
0.3%
0.3%
$931,001 - $1,240,000
1.2%
1.2%
$620,001 - $931,000
1.7%
1.7%
$496,001 - $620,000
3.0%
3.0%
$372,001 - $496,000
4.6%
4.6%
$248,001 - $372,000
16.7%
16.7%
$124,001 - $248,000
45.3%
45.3%
$62,001 - $124,000
18.5%
18.5%
$0 - $62,000
8.5%
8.5%
0.0% 100.0%
% OF HOMES
Value Relative To State

Average for Nation

Low for MT

Value Relative To Nation

Number Of Homes And Apartments:
4,160

Havre Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MT*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
137.79% 4.21%
5
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$996 / per month

Homeownership Rate

Owners
55.0%
55.0%
Renters
45.0%
45.0%
Vacant
6.0%
6.0%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
3.2%
3.2%
1970 - 1999
31.7%
31.7%
1940 - 1969
43.5%
43.5%
1939 or Older
21.6%
21.6%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
67.0%
67.0%
Townhomes
2.1%
2.1%
Small Apt. Buildings
11.4%
11.4%
Apt. Complexes
11.1%
11.1%
Mobile Homes
8.5%
8.5%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
2.2%
2.2%
1 Bedroom
13.4%
13.4%
2 Bedrooms
27.3%
27.3%
3 Bedrooms
33.7%
33.7%
4 Bedrooms
15.1%
15.1%
5 or more bedrooms
8.3%
8.3%
0.0% 100.0%
% OF HOMES

Popular Communities Near Havre, MT

Zip Codes in Havre, MT