Whitefish, MT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Whitefish, 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 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

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

Whitefish Housing Market Information

With 7,608 people, 3,296 houses or apartments, and a median cost of homes of $413,244, Whitefish house prices are not only among the most expensive in Montana, Whitefish real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Whitefish, accounting for 63.86% of the city's housing units. Other types of housing that are prevalent in Whitefish include large apartment complexes or high rise apartments ( 15.20%), duplexes, homes converted to apartments or other small apartment buildings ( 10.66%), and a few row houses and other attached homes ( 8.75%).

The most prevalent building size and type in Whitefish are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 56.85% owning and 43.15% renting.

There is a lot of housing in Whitefish 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 Whitefish built between 2000 and later ( 33.38%). A lesser amount of the housing stock also hails from between 1940-1969 ( 19.08%). There's also some housing in Whitefish built before 1939 ( 13.31%).

Vacant housing appears to be an issue in Whitefish. Fully 30.14% of the housing stock is classified as vacant. Left unchecked, vacant Whitefish homes and apartments can be a drag on the real estate market, holding Whitefish 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.

Whitefish Home Appreciation Rates

Appreciation rates for homes in Whitefish have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 24.03%, which ranks in the top 30% nationwide. This equates to an annual average Whitefish house appreciation rate of 2.18%.

Appreciation rates are so strong in Whitefish that despite a nationwide downturn in the housing market, Whitefish real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Whitefish appreciation rates continue to be some of the highest in America, at 7.78%, which is higher than appreciation rates in 80.65% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Whitefish. Whitefish appreciation rates in the latest quarter were at 1.21%, which equates to an annual appreciation rate of 4.93%.

Relative to Montana, our data show that Whitefish's latest annual appreciation rate is higher than 50% of the other cities and towns in Montana.

Average Home Values

 

Median Home Value:
$413,244

Whitefish, MT HOME PRICES

Value Range
> $1,283,000 6.4
$962,001 - $1,283,000 7.8
$642,001 - $962,000 8.6
$513,001 - $642,000 7.2
$385,001 - $513,000 27.0
$257,001 - $385,000 22.5
$128,001 - $257,000 15.2
$64,001 - $128,000 0.0
$0 - $64,000 5.2

Very High for MT
Very High for Nation

Value Relative to Nation Value Relative to State
10.4700729927007 3.90625

Number Of Homes And Apartments:
3,296

Whitefish Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MT*
Compared To
America*
Latest Quarter:
2018 Q4 - 2019 Q1
Last 12 Months:
2018 Q1 - 2019 Q1
Last 2 Years:
2017 Q1 - 2019 Q1
Last 5 Years:
2014 Q1 - 2019 Q1
Last 10 Years:
2009 Q1 - 2019 Q1
Since 2000:
2000 Q1 - 2019 Q1
151.25% 4.90%
9
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,036 / per month

Homeownership Rate

Homeownership
Owners 56.85
Renters 43.15
Vacant 30.14

Housing Market Details

 

Age of Homes

AGE OF Whitefish HOMES
2000 or Newer 33.4
1970 - 1999 34.2
1940 - 1969 19.1
1939 or Older 13.3

Types of Homes

TYPE OF Whitefish HOMES
Single-Family 63.9
Townhomes 8.8
Small Apt. Buildings 10.7
Apt. Complexes 15.2
Mobile Homes 1.5
Other 0.0

Home Size

SIZE OF Whitefish HOMES
No Bedroom 2.40
1 Bedroom 13.69
2 Bedrooms 29.04
3 Bedrooms 37.18
4 Bedrooms 12.72
5 or more bedrooms 4.98

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Zip Codes in Whitefish, MT