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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 1,836 people, 808 houses or apartments, and a median cost of homes of $105,948, house prices in Roundup are solidly below the national average.
Single-family detached homes are the single most common housing type in Roundup, accounting for 72.26% of the city's housing units. Other types of housing that are prevalent in Roundup include duplexes, homes converted to apartments or other small apartment buildings ( 9.15%), large apartment complexes or high rise apartments ( 9.05%), and a few mobile homes or trailers ( 8.74%).
People in Roundup primarily live in small (one, two or no bedroom) single-family detached homes. Roundup has a mixture of owner-occupied and renter-occupied housing.
The housing in Roundup was primarily built before 1939 ( 50.15%), making the housing stock in Roundup some of the oldest overall in America, although there is a range of ages of homes in Roundup. The next most important housing age is between 1940-1969 ( 24.12%), followed by between 1970-1999 ( 23.02%). There's also some housing in Roundup built between 2000 and later ( 2.71%).
Vacant housing appears to be an issue in Roundup. Fully 18.79% of the housing stock is classified as vacant. Left unchecked, vacant Roundup homes and apartments can be a drag on the real estate market, holding Roundup 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.
Appreciation rates for homes in Roundup have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 13.79%, which ranks in the top 30% nationwide. This equates to an annual average Roundup house appreciation rate of 1.30%.
Appreciation rates are so strong in Roundup that despite a nationwide downturn in the housing market, Roundup real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Roundup appreciation rates continue to be some of the highest in America, at 7.63%, which is higher than appreciation rates in 84.94% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Roundup. Roundup appreciation rates in the latest quarter were at 2.06%, which equates to an annual appreciation rate of 8.49%.
Importantly, this makes Roundup 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 Roundup's latest annual appreciation rate is higher than 60% of the other cities and towns in Montana.
|$870,001 - $1,160,000||0.0|
|$580,001 - $870,000||0.0|
|$464,001 - $580,000||0.0|
|$348,001 - $464,000||4.3|
|$232,001 - $348,000||6.7|
|$116,001 - $232,000||33.5|
|$58,001 - $116,000||39.8|
|$0 - $58,000||15.7|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Roundup HOMES|
|2000 or Newer||2.7|
|1970 - 1999||23.0|
|1940 - 1969||24.1|
|1939 or Older||50.2|
|TYPE OF Roundup HOMES|
|Small Apt. Buildings||9.1|
|SIZE OF Roundup HOMES|
|5 or more bedrooms||1.81|