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 490, 235 total housing units (homes and apartments), and a median house value of $240,938, house prices in Craigmont are solidly below the national average.
Single-family detached homes are the single most common housing type in Craigmont, accounting for 84.77% of the city's housing units. Other types of housing that are prevalent in Craigmont include mobile homes or trailers ( 14.06%), duplexes, homes converted to apartments or other small apartment buildings ( 1.17%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Craigmont. Owner-occupied housing accounts for 91.06% of Craigmont's homes, and 59.38% have either three or four bedrooms, which is average sized relative to America.
The housing in Craigmont was primarily built before 1939 ( 37.89%), making the housing stock in Craigmont some of the oldest overall in America, although there is a range of ages of homes in Craigmont. The next most important housing age is between 1970-1999 ( 33.59%), followed by between 1940-1969 ( 26.56%). There's also some housing in Craigmont built between 2000 and later ( 1.95%).
In the last 10 years, Craigmont has experienced some of the highest home appreciation rates of any community in the nation. Craigmont real estate appreciated 147.70% over the last ten years, which is an average annual home appreciation rate of 9.49%, putting Craigmont in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Craigmont 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, Craigmont appreciation rates have trailed the rest of the nation. In the last twelve months, Craigmont's appreciation rate has been 4.92%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Craigmont were at 3.02%, which equates to an annual appreciation rate of 12.64%.
Importantly, this makes Craigmont 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 Idaho, our data show that Craigmont's latest annual appreciation rate is higher than 70% of the other cities and towns in Idaho.
$240,938
for Idaho
for nation
235
$1,223 / per month