Kalispell, 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 Q1 2021. 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

Kalispell, MT Housing Market Trends

With a population of 24,565, 9,318 total housing units (homes and apartments), and a median house value of $253,414, 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 59.09% of the city's housing units. Other types of housing that are prevalent in Kalispell include large apartment complexes or high rise apartments ( 16.25%), row houses and other attached homes ( 11.05%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 10.46%).

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 59.09% owning and 40.91% 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 ( 27.92%). A lesser amount of the housing stock also hails from between 1940-1969 ( 18.41%). There's also some housing in Kalispell built before 1939 ( 16.18%).

Kalispell Home Appreciation Rates

In the last 10 years, Kalispell has experienced some of the highest home appreciation rates of any community in the nation. Kalispell real estate appreciated 63.81% over the last ten years, which is an average annual home appreciation rate of 5.06%, putting Kalispell in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Kalispell 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 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 8.55%, which is higher than appreciation rates in 80.11% 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 2.91%, which equates to an annual appreciation rate of 12.16%.

Importantly, this makes Kalispell 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 Kalispell's latest annual appreciation rate is lower than 70% 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:
$253,414

Kalispell, MT HOME PRICES

> $1,290,000
1.3%
1.3%
$968,001 - $1,290,000
1.6%
1.6%
$645,001 - $968,000
2.3%
2.3%
$516,001 - $645,000
4.6%
4.6%
$387,001 - $516,000
11.0%
11.0%
$258,001 - $387,000
41.3%
41.3%
$129,001 - $258,000
28.8%
28.8%
$64,001 - $129,000
2.8%
2.8%
$0 - $64,000
6.3%
6.3%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Average for MT

Value Relative To Nation

Number Of Homes And Apartments:
9,318

Kalispell Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MT*
Compared To
America*
Latest Quarter:
2020 Q4 - 2021 Q1
Last 12 Months:
2020 Q1 - 2021 Q1
Last 2 Years:
2019 Q1 - 2021 Q1
Last 5 Years:
2016 Q1 - 2021 Q1
Last 10 Years:
2011 Q1 - 2021 Q1
Since 2000:
2000 Q1 - 2021 Q1
139.80% 4.20%
5
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,197 / per month

Homeownership Rate

Owners
59.1%
59.1%
Renters
40.9%
40.9%
Vacant
6.3%
6.3%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
27.9%
27.9%
1970 - 1999
37.5%
37.5%
1940 - 1969
18.4%
18.4%
1939 or Older
16.2%
16.2%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
59.1%
59.1%
Townhomes
11.0%
11.0%
Small Apt. Buildings
10.5%
10.5%
Apt. Complexes
16.2%
16.2%
Mobile Homes
3.1%
3.1%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
3.1%
3.1%
1 Bedroom
11.9%
11.9%
2 Bedrooms
31.1%
31.1%
3 Bedrooms
35.4%
35.4%
4 Bedrooms
14.0%
14.0%
5 or more bedrooms
4.5%
4.5%
0.0% 100.0%
% OF HOMES

Popular Communities Near Kalispell, MT

Zip Codes in Kalispell, MT