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 a population of 7,073, 3,032 total housing units (homes and apartments), and a median house value of $397,471, 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 60.58% of the city's housing units. Other types of housing that are prevalent in Whitefish include large apartment complexes or high rise apartments ( 16.20%), duplexes, homes converted to apartments or other small apartment buildings ( 11.67%), and a few row houses and other attached homes ( 9.57%).
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 57.14% owning and 42.86% 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 ( 31.40%). A lesser amount of the housing stock also hails from between 1940-1969 ( 20.46%). There's also some housing in Whitefish built before 1939 ( 13.08%).
Vacant housing appears to be an issue in Whitefish. Fully 30.92% 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.
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 3.84%, which ranks in the top 50% nationwide. This equates to an annual average Whitefish house appreciation rate of 0.38%.
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 8.25%, which is higher than appreciation rates in 87.89% 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 2.06%, which equates to an annual appreciation rate of 8.49%.
Importantly, this makes Whitefish 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 Whitefish's latest annual appreciation rate is higher than 70% of the other cities and towns in Montana.
|$914,001 - $1,219,000||1.8|
|$610,001 - $914,000||13.6|
|$488,001 - $610,000||6.6|
|$366,001 - $488,000||14.9|
|$244,001 - $366,000||30.1|
|$122,001 - $244,000||15.3|
|$61,001 - $122,000||1.8|
|$0 - $61,000||7.4|
|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 Whitefish HOMES|
|2000 or Newer||31.4|
|1970 - 1999||35.1|
|1940 - 1969||20.5|
|1939 or Older||13.1|
|TYPE OF Whitefish HOMES|
|Small Apt. Buildings||11.7|
|SIZE OF Whitefish HOMES|
|5 or more bedrooms||4.58|