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 about Scout's Real Estate Data
With a population of 9,510, 4,336 total housing units (homes and apartments), and a median house value of $286,600, Anaconda 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 Anaconda, accounting for 76.24% of the city's housing units. Other types of housing that are prevalent in Anaconda include large apartment complexes or high rise apartments ( 7.69%), duplexes, homes converted to apartments or other small apartment buildings ( 7.66%), and a few mobile homes or trailers ( 6.38%).
People in Anaconda primarily live in small (one, two or no bedroom) single-family detached homes. Anaconda has a mixture of owner-occupied and renter-occupied housing.
The housing in Anaconda was primarily built before 1939 ( 35.61%), making the housing stock in Anaconda some of the oldest overall in America, although there is a range of ages of homes in Anaconda. The next most important housing age is between 1940-1969 ( 33.82%), followed by between 1970-1999 ( 22.70%). There's also some housing in Anaconda built between 2000 and later ( 7.88%).
Vacant housing appears to be an issue in Anaconda. Fully 20.95% of the housing stock is classified as vacant. Left unchecked, vacant Anaconda homes and apartments can be a drag on the real estate market, holding Anaconda 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.
In the last 10 years, Anaconda has experienced some of the highest home appreciation rates of any community in the nation. Anaconda real estate appreciated 152.59% over the last ten years, which is an average annual home appreciation rate of 9.71%, putting Anaconda in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Anaconda definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Over the last year, Anaconda appreciation rates have trailed the rest of the nation. In the last twelve months, Anaconda's appreciation rate has been 5.27%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Anaconda were at 2.05%, which equates to an annual appreciation rate of 8.44%.
Relative to Montana, our data show that Anaconda's latest annual appreciation rate is higher than 80% of the other cities and towns in Montana.
$286,600
for Montana
for nation
4,336
$1,054 / per month