Polson, MT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Polson, 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

Polson Housing Market Information

With a population of 4,707, 2,038 total housing units (homes and apartments), and a median house value of $273,242, Polson real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Polson, accounting for 64.05% of the city's housing units. Other types of housing that are prevalent in Polson include duplexes, homes converted to apartments or other small apartment buildings ( 15.81%), large apartment complexes or high rise apartments ( 14.03%), and a few mobile homes or trailers ( 3.70%).

The most prevalent building size and type in Polson are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 53.59% owning and 46.41% renting.

There is a lot of housing in Polson 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 Polson built between 1940-1969 ( 30.37%). A lesser amount of the housing stock also hails from between 2000 and later ( 15.43%). There's also some housing in Polson built before 1939 ( 9.02%).

Vacant housing appears to be an issue in Polson. Fully 23.12% of the housing stock is classified as vacant. Left unchecked, vacant Polson homes and apartments can be a drag on the real estate market, holding Polson 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.

Polson Home Appreciation Rates

Polson's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Polson during the period has been just -0.92%, which is lower than 70% of US communities.

Over the last year, Polson appreciation rates have trailed the rest of the nation. In the last twelve months, Polson's appreciation rate has been 2.15%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Polson were at 2.06%, which equates to an annual appreciation rate of 8.49%.

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

Average Home Values

 

Median Home Value:
$273,242

Polson, MT HOME PRICES

Value Range
> $1,019,000 6.4
$764,001 - $1,019,000 3.6
$510,001 - $764,000 13.5
$408,001 - $510,000 2.4
$306,001 - $408,000 10.1
$204,001 - $306,000 20.4
$102,001 - $204,000 35.3
$51,001 - $102,000 3.2
$0 - $51,000 5.2

Very High for MT
Very High for Nation

Value Relative to Nation Value Relative to State
19.3308332356733 17.96875

Number Of Homes And Apartments:
2,038

Polson 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
55.27% 2.58% 1 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$818 / per month

Homeownership Rate

Homeownership
Owners 53.59
Renters 46.41
Vacant 23.12

Housing Market Details

 

Age of Homes

AGE OF Polson HOMES
2000 or Newer 15.4
1970 - 1999 45.2
1940 - 1969 30.4
1939 or Older 9.0

Types of Homes

TYPE OF Polson HOMES
Single-Family 64.1
Townhomes 2.4
Small Apt. Buildings 15.8
Apt. Complexes 14.0
Mobile Homes 3.7
Other 0.0

Home Size

SIZE OF Polson HOMES
No Bedroom 1.66
1 Bedroom 13.84
2 Bedrooms 30.10
3 Bedrooms 35.50
4 Bedrooms 15.58
5 or more bedrooms 3.32

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Zip Codes in Polson, MT