Helena, 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

Helena, MT Housing Market Trends

With 33,124 people, 14,052 houses or apartments, and a median cost of homes of $309,019, Helena real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Helena, accounting for 54.39% of the city's housing units. Other types of housing that are prevalent in Helena include duplexes, homes converted to apartments or other small apartment buildings ( 19.70%), large apartment complexes or high rise apartments ( 14.36%), and a few row houses and other attached homes ( 7.98%).

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

There is a lot of housing in Helena 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 Helena built between 1940-1969 ( 26.19%). A lesser amount of the housing stock also hails from before 1939 ( 21.39%). There's also some housing in Helena built between 2000 and later ( 14.84%).

Helena Home Appreciation Rates

Appreciation rates for homes in Helena have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 41.68%, which ranks in the top 40% nationwide. This equates to an annual average Helena house appreciation rate of 3.55%.

Appreciation rates are so strong in Helena that despite a nationwide downturn in the housing market, Helena real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Helena appreciation rates continue to be some of the highest in America, at 7.62%, which is higher than appreciation rates in 93.52% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Helena. Helena appreciation rates in the latest quarter were at 3.52%, which equates to an annual appreciation rate of 14.86%.

Importantly, NeighborhoodScout’s exclusive research found that Helena's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which may signal the city’s near-future real estate investment strength.

Relative to Montana, our data show that Helena's latest annual appreciation rate is higher than 60% of the other cities and towns in Montana.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Helena differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Helena - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Helena real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$309,019

Helena, MT HOME PRICES

> $1,225,000
0.5%
0.5%
$918,001 - $1,225,000
0.8%
0.8%
$612,001 - $918,000
5.3%
5.3%
$490,001 - $612,000
5.6%
5.6%
$368,001 - $490,000
17.7%
17.7%
$245,001 - $368,000
40.7%
40.7%
$123,001 - $245,000
23.8%
23.8%
$61,001 - $123,000
2.3%
2.3%
$0 - $61,000
3.3%
3.3%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

High for MT

Value Relative To Nation

Number Of Homes And Apartments:
14,052

Helena 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
123.75% 3.91%
4
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,175 / per month

Homeownership Rate

Owners
52.4%
52.4%
Renters
47.6%
47.6%
Vacant
8.5%
8.5%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
14.8%
14.8%
1970 - 1999
37.6%
37.6%
1940 - 1969
26.2%
26.2%
1939 or Older
21.4%
21.4%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
54.4%
54.4%
Townhomes
8.0%
8.0%
Small Apt. Buildings
19.7%
19.7%
Apt. Complexes
14.4%
14.4%
Mobile Homes
3.6%
3.6%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
4.9%
4.9%
1 Bedroom
13.6%
13.6%
2 Bedrooms
30.7%
30.7%
3 Bedrooms
26.7%
26.7%
4 Bedrooms
16.8%
16.8%
5 or more bedrooms
7.3%
7.3%
0.0% 100.0%
% OF HOMES