Kalispell, MT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



Map Loading GIF Please wait, loading your map...

Highest
Lowest




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 Q2 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 23,212 people, 8,787 houses or apartments, and a median cost of homes of $241,144, 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 18.29%, which ranks in the top 50% nationwide. This equates to an annual average Kalispell house appreciation rate of 1.69%.

NeighborhoodScout's data show that during the latest twelve months, Kalispell's appreciation rate, at 3.29%, has been at or slightly above the national average. In the latest quarter, Kalispell's appreciation rate has been -1.32%, which annualizes to a rate of -5.16%.

Notably, Kalispell's appreciation rate in the latest quarter is one of the lowest in America.

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:
$241,144

Kalispell, MT HOME PRICES

Value Range
> $1,250,000 1.3
$937,001 - $1,250,000 0.7
$625,001 - $937,000 2.0
$500,001 - $625,000 1.4
$375,001 - $500,000 6.8
$250,001 - $375,000 39.7
$125,001 - $250,000 39.7
$62,001 - $125,000 2.6
$0 - $62,000 6.0

High for MT
High for Nation

Value Relative to Nation Value Relative to State
28.636496350365 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:
2019 Q1 - 2019 Q2
Last 12 Months:
2018 Q2 - 2019 Q2
Last 2 Years:
2017 Q2 - 2019 Q2
Last 5 Years:
2014 Q2 - 2019 Q2
Last 10 Years:
2009 Q2 - 2019 Q2
Since 2000:
2000 Q1 - 2019 Q2
104.50% 3.74%
4
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,024 / 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