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
With 9,834 people, 4,048 houses or apartments, and a median cost of homes of $159,315, 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 66.78% of the city's housing units. Other types of housing that are prevalent in Havre include large apartment complexes or high rise apartments ( 12.97%), duplexes, homes converted to apartments or other small apartment buildings ( 9.70%), and a few mobile homes or trailers ( 8.51%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Havre. Owner-occupied housing accounts for 65.08% of Havre's homes, and 48.55% have either three or four bedrooms, which is average sized relative to America.
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 38.06% of the city's housing hails from this era. Other housing ages represented in Havre include homes built between 1970-1999 ( 32.28%) and housing constructed before 1939 ( 26.03%). There's also some housing in Havre built between 2000 and later ( 3.63%).
Vacant housing appears to be an issue in Havre. Fully 10.99% of the housing stock is classified as vacant. Left unchecked, vacant Havre homes and apartments can be a drag on the real estate market, holding Havre real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
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 28.25% over the last ten years, which is an average annual home appreciation rate of 2.52%, putting Havre in the top 10% 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 6.42%, which is higher than appreciation rates in 77.33% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Havre. Havre appreciation rates in the latest quarter were at 2.06%, which equates to an annual appreciation rate of 8.49%.
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 lower than 60% of the other cities and towns in Montana.
|$863,001 - $1,151,000||0.9|
|$575,001 - $863,000||0.4|
|$460,001 - $575,000||0.0|
|$345,001 - $460,000||5.1|
|$230,001 - $345,000||12.1|
|$115,001 - $230,000||49.7|
|$57,001 - $115,000||21.4|
|$0 - $57,000||10.1|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Havre HOMES|
|2000 or Newer||3.6|
|1970 - 1999||32.3|
|1940 - 1969||38.1|
|1939 or Older||26.0|
|TYPE OF Havre HOMES|
|Small Apt. Buildings||9.7|
|SIZE OF Havre HOMES|
|5 or more bedrooms||9.26|