Kalispell, MT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Kalispell, MT Real Estate Data


Kalispell Housing Market Information

With 22,052 people, 8,476 houses or apartments, and a median cost of homes of $219,493, 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 59.26% of the city's housing units. Other types of housing that are prevalent in Kalispell include large apartment complexes or high rise apartments ( 16.87%), duplexes, homes converted to apartments or other small apartment buildings ( 14.37%), and a few row houses and other attached homes ( 8.38%).

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 52.30% owning and 47.70% 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 ( 24.20%). A lesser amount of the housing stock also hails from between 1940-1969 ( 21.50%). There's also some housing in Kalispell built before 1939 ( 12.62%).

Kalispell Home Appreciation Rates

Real estate appreciation rates in Kalispell's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 0.02% during the period.

Over the last year, Kalispell appreciation rates have trailed the rest of the nation. In the last twelve months, Kalispell's appreciation rate has been 3.68%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Kalispell were at 2.00%, which equates to an annual appreciation rate of 8.24%.

Relative to Montana, our data show that Kalispell's latest annual appreciation rate is higher than 50% 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:
$219,493

Kalispell, MT HOME PRICES

Value Range
> $1,179,000 0.3
$884,001 - $1,179,000 0.4
$589,001 - $884,000 1.6
$472,001 - $589,000 2.3
$354,001 - $472,000 6.0
$235,001 - $354,000 29.6
$118,001 - $235,000 46.2
$59,001 - $118,000 6.9
$0 - $59,000 6.8

High for MT
High for Nation

Value Relative to Nation Value Relative to State
28.7111319318381 35.9375

Number Of Homes And Apartments:
8,476

Rent & Ownership

 

Average Market Rent:
$1,159 / per month

Homeownership Rate

Homeownership
Owners 52.30
Renters 47.70
Vacant 8.93

Housing Market Details

 

Age of Homes

AGE OF Kalispell HOMES
2000 or Newer 24.2
1970 - 1999 41.7
1940 - 1969 21.5
1939 or Older 12.6

Types of Homes

TYPE OF Kalispell HOMES
Single-Family 59.3
Townhomes 8.4
Small Apt. Buildings 14.4
Apt. Complexes 16.9
Mobile Homes 1.1
Other 0.0

Home Size

SIZE OF Kalispell HOMES
No Bedroom 2.48
1 Bedroom 15.09
2 Bedrooms 30.15
3 Bedrooms 37.19
4 Bedrooms 12.61
5 or more bedrooms 2.48

Kalispell Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MT*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
71.31% 3.22% 3 9
* 10 is highest