Libby, MT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Libby Neighborhoods Since 2000




Libby, 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 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

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

Libby Housing Market Information

With a population of 2,645, 1,258 total housing units (homes and apartments), and a median house value of $112,048, house prices in Libby are solidly below the national average.

Single-family detached homes are the single most common housing type in Libby, accounting for 73.28% of the city's housing units. Other types of housing that are prevalent in Libby include large apartment complexes or high rise apartments ( 15.41%), duplexes, homes converted to apartments or other small apartment buildings ( 5.45%), and a few mobile homes or trailers ( 3.48%).

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

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Libby's housing was primarily built during this period, from the '40s through the '60s. A full 45.40% of the city's housing hails from this era. Other housing ages represented in Libby include homes built before 1939 ( 25.15%) and housing constructed between 1970-1999 ( 21.20%). There's also some housing in Libby built between 2000 and later ( 8.25%).

Vacant housing appears to be an issue in Libby. Fully 14.25% of the housing stock is classified as vacant. Left unchecked, vacant Libby homes and apartments can be a drag on the real estate market, holding Libby real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Libby Home Appreciation Rates

Real estate appreciation rates in Libby's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.35% during the period.

Over the last year, Libby appreciation rates have trailed the rest of the nation. In the last twelve months, Libby's appreciation rate has been 2.30%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Libby were at 2.06%, which equates to an annual appreciation rate of 8.49%.

Importantly, this makes Libby 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 Libby's latest annual appreciation rate is lower than 90% of the other cities and towns in Montana.

Average Home Values

 

Median Home Value:
$112,048

Libby, MT HOME PRICES

Value Range
> $1,021,000 0.1
$766,001 - $1,021,000 0.1
$511,001 - $766,000 0.2
$408,001 - $511,000 1.0
$306,001 - $408,000 1.9
$204,001 - $306,000 4.5
$102,001 - $204,000 43.6
$51,001 - $102,000 33.0
$0 - $51,000 15.5

Very Low for MT
Low for Nation

Value Relative to Nation Value Relative to State
70.098441345365 84.375

Number Of Homes And Apartments:
1,258

Libby Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MT*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
51.67% 2.44% 1 6
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$767 / per month

Homeownership Rate

Homeownership
Owners 55.63
Renters 44.37
Vacant 14.25

Housing Market Details

 

Age of Homes

AGE OF Libby HOMES
2000 or Newer 8.2
1970 - 1999 21.2
1940 - 1969 45.4
1939 or Older 25.2

Types of Homes

TYPE OF Libby HOMES
Single-Family 73.3
Townhomes 2.4
Small Apt. Buildings 5.5
Apt. Complexes 15.4
Mobile Homes 3.5
Other 0.0

Home Size

SIZE OF Libby HOMES
No Bedroom 3.34
1 Bedroom 17.25
2 Bedrooms 36.40
3 Bedrooms 26.65
4 Bedrooms 11.18
5 or more bedrooms 5.18

Popular Communities Near Libby, MT

Zip Codes in Libby, MT