Missoula, MT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Missoula Neighborhoods Since 2000




Missoula, 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

Missoula Housing Market Information

With 71,022 people, 29,860 houses or apartments, and a median cost of homes of $277,745, Missoula real estate is some of the most expensive in Montana, although Missoula home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Missoula, accounting for 52.77% of the city's housing units. Other types of housing that are prevalent in Missoula include large apartment complexes or high rise apartments ( 21.14%), duplexes, homes converted to apartments or other small apartment buildings ( 17.03%), and a few mobile homes or trailers ( 4.65%).

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

There is a lot of housing in Missoula 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 Missoula built between 1940-1969 ( 27.69%). A lesser amount of the housing stock also hails from between 2000 and later ( 18.58%). There's also some housing in Missoula built before 1939 ( 14.67%).

Missoula Home Appreciation Rates

Appreciation rates for homes in Missoula have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 12.39%, which ranks in the top 30% nationwide. This equates to an annual average Missoula house appreciation rate of 1.18%.

NeighborhoodScout's data show that during the latest twelve months, Missoula's appreciation rate, at 5.50%, has been at or slightly above the national average. In the latest quarter, Missoula's appreciation rate has been 1.11%, which annualizes to a rate of 4.50%.

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

Average Home Values

 

Median Home Value:
$277,745

Missoula, MT HOME PRICES

Value Range
> $1,154,000 1.1
$866,001 - $1,154,000 1.1
$577,001 - $866,000 4.1
$462,001 - $577,000 6.1
$346,001 - $462,000 16.8
$231,001 - $346,000 36.2
$115,001 - $231,000 24.7
$58,001 - $115,000 3.1
$0 - $58,000 7.0

Very High for MT
Very High for Nation

Value Relative to Nation Value Relative to State
18.7155748271417 13.28125

Number Of Homes And Apartments:
29,860

Missoula 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
86.51% 3.68% 5 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,005 / per month

Homeownership Rate

Homeownership
Owners 45.69
Renters 54.31
Vacant 5.71

Housing Market Details

 

Age of Homes

AGE OF Missoula HOMES
2000 or Newer 18.6
1970 - 1999 39.1
1940 - 1969 27.7
1939 or Older 14.7

Types of Homes

TYPE OF Missoula HOMES
Single-Family 52.8
Townhomes 4.4
Small Apt. Buildings 17.0
Apt. Complexes 21.1
Mobile Homes 4.6
Other 0.1

Home Size

SIZE OF Missoula HOMES
No Bedroom 5.15
1 Bedroom 18.44
2 Bedrooms 31.12
3 Bedrooms 26.67
4 Bedrooms 13.80
5 or more bedrooms 4.81