Kalispell, MT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Kalispell, 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 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

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

Kalispell Housing Market Information

With a population of 23,212, 8,787 total housing units (homes and apartments), and a median house value of $243,297, Kalispell real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Kalispell, accounting for 60.17% of the city's housing units. Other types of housing that are prevalent in Kalispell include large apartment complexes or high rise apartments ( 16.39%), duplexes, homes converted to apartments or other small apartment buildings ( 11.43%), and a few row houses and other attached homes ( 9.23%).

The most prevalent building size and type in Kalispell are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 54.74% owning and 45.26% renting.

There is a lot of housing in Kalispell 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 Kalispell built between 2000 and later ( 25.99%). A lesser amount of the housing stock also hails from between 1940-1969 ( 19.59%). There's also some housing in Kalispell built before 1939 ( 16.98%).

Kalispell Home Appreciation Rates

Appreciation rates for homes in Kalispell have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 17.09%, which ranks in the top 50% nationwide. This equates to an annual average Kalispell house appreciation rate of 1.59%.

Appreciation rates are so strong in Kalispell that despite a nationwide downturn in the housing market, Kalispell real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Kalispell appreciation rates continue to be some of the highest in America, at 7.03%, which is higher than appreciation rates in 75.45% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Kalispell. Kalispell appreciation rates in the latest quarter were at 1.21%, which equates to an annual appreciation rate of 4.93%.

Relative to Montana, our data show that Kalispell's latest annual appreciation rate is lower 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 Kalispell differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Kalispell - 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 Kalispell real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$243,297

Kalispell, MT HOME PRICES

Value Range
> $1,261,000 1.0
$946,001 - $1,261,000 0.7
$630,001 - $946,000 1.3
$504,001 - $630,000 0.6
$378,001 - $504,000 8.4
$252,001 - $378,000 40.8
$126,001 - $252,000 42.9
$63,001 - $126,000 2.1
$0 - $63,000 2.1

High for MT
High for Nation

Value Relative to Nation Value Relative to State
27.7430656934307 36.71875

Number Of Homes And Apartments:
8,787

Kalispell Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MT*
Compared To
America*
Latest Quarter:
2018 Q4 - 2019 Q1
Last 12 Months:
2018 Q1 - 2019 Q1
Last 2 Years:
2017 Q1 - 2019 Q1
Last 5 Years:
2014 Q1 - 2019 Q1
Last 10 Years:
2009 Q1 - 2019 Q1
Since 2000:
2000 Q1 - 2019 Q1
105.89% 3.82%
4
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$998 / per month

Homeownership Rate

Homeownership
Owners 54.74
Renters 45.26
Vacant 6.38

Housing Market Details

 

Age of Homes

AGE OF Kalispell HOMES
2000 or Newer 26.0
1970 - 1999 37.4
1940 - 1969 19.6
1939 or Older 17.0

Types of Homes

TYPE OF Kalispell HOMES
Single-Family 60.2
Townhomes 9.2
Small Apt. Buildings 11.4
Apt. Complexes 16.4
Mobile Homes 2.8
Other 0.0

Home Size

SIZE OF Kalispell HOMES
No Bedroom 3.19
1 Bedroom 14.60
2 Bedrooms 26.69
3 Bedrooms 38.01
4 Bedrooms 13.71
5 or more bedrooms 3.80