Whitefish, MT Real Estate Market

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 2022. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Whitefish, MT Housing Market Trends

With a population of 7,751, 3,578 total housing units (homes and apartments), and a median house value of $636,224, 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 59.47% of the city's housing units. Other types of housing that are prevalent in Whitefish include large apartment complexes or high rise apartments ( 16.40%), duplexes, homes converted to apartments or other small apartment buildings ( 12.89%), and a few row houses and other attached homes ( 9.47%).

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 58.60% owning and 41.40% renting.

Whitefish homes and real estate are some of the newest in America. 38.24% of Whitefish's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Whitefish real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 36.74%), and between 1940-1969 ( 18.82%). There's also some housing in Whitefish built before 1939 ( 6.20%).

Vacant housing appears to be an issue in Whitefish. Fully 28.95% 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

In the last 10 years, Whitefish has experienced some of the highest home appreciation rates of any community in the nation. Whitefish real estate appreciated 125.65% over the last ten years, which is an average annual home appreciation rate of 8.48%, putting Whitefish in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Whitefish definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

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 26.02%, which is higher than appreciation rates in 95.73% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Whitefish. Whitefish appreciation rates in the latest quarter were at 4.08%, which equates to an annual appreciation rate of 17.35%.

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 lower than 50% of the other cities and towns in Montana.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Whitefish differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Whitefish - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Whitefish real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$636,224

Whitefish, MT HOME PRICES

> $1,578,000
$1,183,001 - $1,578,000
$789,001 - $1,183,000
$631,001 - $789,000
$473,001 - $631,000
$316,001 - $473,000
$158,001 - $316,000
$79,001 - $158,000
$0 - $79,000
9.4%
9.4%
8.3%
8.3%
18.1%
18.1%
13.0%
13.0%
26.7%
26.7%
12.5%
12.5%
6.3%
6.3%
2.3%
2.3%
3.3%
3.3%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for MT

Value Relative To Nation

Number Of Homes And Apartments:
3,578

Whitefish Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MT*
Compared To
America*
Latest Quarter:
2021 Q4 - 2022 Q1
Last 12 Months:
2021 Q1 - 2022 Q1
Last 2 Years:
2020 Q1 - 2022 Q1
Last 5 Years:
2017 Q1 - 2022 Q1
Last 10 Years:
2012 Q1 - 2022 Q1
Since 2000:
2000 Q1 - 2022 Q1
272.96% 6.09%
9
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,789 / per month

Homeownership Rate

Owners
Renters
Vacant
58.6%
58.6%
41.4%
41.4%
29.0%
29.0%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
38.2%
38.2%
36.7%
36.7%
18.8%
18.8%
6.2%
6.2%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
59.5%
59.5%
9.5%
9.5%
12.9%
12.9%
16.4%
16.4%
1.8%
1.8%
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.6%
0.6%
12.6%
12.6%
32.4%
32.4%
36.7%
36.7%
14.4%
14.4%
3.3%
3.3%
0.0% 100.0%
% OF HOMES

Popular Communities Near Whitefish, MT

Zip Codes in Whitefish, MT