Townsend, MT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Townsend, 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

Townsend Housing Market Information

With a population of 1,959, 784 total housing units (homes and apartments), and a median house value of $146,930, Townsend real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Townsend, accounting for 72.72% of the city's housing units. Other types of housing that are prevalent in Townsend include mobile homes or trailers ( 11.66%), duplexes, homes converted to apartments or other small apartment buildings ( 8.58%), and a few large apartment complexes or high rise apartments ( 6.82%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Townsend. Owner-occupied housing accounts for 68.37% of Townsend's homes, and 48.51% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Townsend 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 Townsend built before 1939 ( 30.58%). A lesser amount of the housing stock also hails from between 1940-1969 ( 21.23%). There's also some housing in Townsend built between 2000 and later ( 8.80%).

Vacant housing appears to be an issue in Townsend. Fully 13.75% of the housing stock is classified as vacant. Left unchecked, vacant Townsend homes and apartments can be a drag on the real estate market, holding Townsend 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.

Townsend Home Appreciation Rates

Appreciation rates for homes in Townsend have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 11.86%, which ranks in the top 30% nationwide. This equates to an annual average Townsend house appreciation rate of 1.13%.

Appreciation rates are so strong in Townsend that despite a nationwide downturn in the housing market, Townsend real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Townsend appreciation rates continue to be some of the highest in America, at 7.06%, which is higher than appreciation rates in 81.73% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Townsend. Townsend appreciation rates in the latest quarter were at 2.06%, which equates to an annual appreciation rate of 8.49%.

Importantly, this makes Townsend 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 Townsend's latest annual appreciation rate is higher than 50% of the other cities and towns in Montana.

Average Home Values

 

Median Home Value:
$146,930

Townsend, MT HOME PRICES

Value Range
> $1,148,000 1.4
$861,001 - $1,148,000 0.0
$574,001 - $861,000 0.0
$460,001 - $574,000 1.8
$345,001 - $460,000 4.1
$230,001 - $345,000 10.1
$115,001 - $230,000 55.2
$57,001 - $115,000 10.0
$0 - $57,000 17.3

Low for MT
Average for Nation

Value Relative to Nation Value Relative to State
51.3242704793156 68.75

Number Of Homes And Apartments:
784

Townsend 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
70.65% 3.15% 3 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$680 / per month

Homeownership Rate

Homeownership
Owners 68.37
Renters 31.63
Vacant 13.75

Housing Market Details

 

Age of Homes

AGE OF Townsend HOMES
2000 or Newer 8.8
1970 - 1999 39.4
1940 - 1969 21.2
1939 or Older 30.6

Types of Homes

TYPE OF Townsend HOMES
Single-Family 72.7
Townhomes 0.2
Small Apt. Buildings 8.6
Apt. Complexes 6.8
Mobile Homes 11.7
Other 0.0

Home Size

SIZE OF Townsend HOMES
No Bedroom 3.74
1 Bedroom 8.91
2 Bedrooms 32.78
3 Bedrooms 33.00
4 Bedrooms 15.51
5 or more bedrooms 6.05

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Zip Codes in Townsend, MT