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 11,966 people, 4,402 houses or apartments, and a median cost of homes of $601,603, Belgrade house prices are not only among the most expensive in Montana, Belgrade 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 Belgrade, accounting for 62.83% of the city's housing units. Other types of housing that are prevalent in Belgrade include duplexes, homes converted to apartments or other small apartment buildings ( 15.89%), large apartment complexes or high rise apartments ( 8.19%), and a few row houses and other attached homes ( 7.04%).
The most prevalent building size and type in Belgrade are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 56.79% owning and 43.21% renting.
There is a lot of housing in Belgrade 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 Belgrade built between 2000 and later ( 44.02%). A lesser amount of the housing stock also hails from between 1940-1969 ( 6.72%). There's also some housing in Belgrade built before 1939 ( 2.08%).
In the last 10 years, Belgrade has experienced some of the highest home appreciation rates of any community in the nation. Belgrade real estate appreciated 170.50% over the last ten years, which is an average annual home appreciation rate of 10.46%, putting Belgrade in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Belgrade 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, Belgrade appreciation rates have trailed the rest of the nation. In the last twelve months, Belgrade's appreciation rate has been 1.34%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Belgrade were at 2.05%, which equates to an annual appreciation rate of 8.44%.
Relative to Montana, our data show that Belgrade's latest annual appreciation rate is lower than 60% of the other cities and towns in Montana.
$601,603
for Montana
for nation
4,402
$1,775 / per month