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 5,656 people, 2,064 houses or apartments, and a median cost of homes of $467,513, Columbia Falls real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Columbia Falls, accounting for 66.01% of the city's housing units. Other types of housing that are prevalent in Columbia Falls include duplexes, homes converted to apartments or other small apartment buildings ( 14.11%), large apartment complexes or high rise apartments ( 12.26%), and a few row houses and other attached homes ( 3.87%).
The most prevalent building size and type in Columbia Falls are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 62.41% owning and 37.59% renting.
There is a lot of housing in Columbia Falls 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 Columbia Falls built between 2000 and later ( 31.20%). A lesser amount of the housing stock also hails from between 1940-1969 ( 18.29%). There's also some housing in Columbia Falls built before 1939 ( 6.45%).
Vacant housing appears to be an issue in Columbia Falls. Fully 11.19% of the housing stock is classified as vacant. Left unchecked, vacant Columbia Falls homes and apartments can be a drag on the real estate market, holding Columbia Falls 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, Columbia Falls has experienced some of the highest home appreciation rates of any community in the nation. Columbia Falls real estate appreciated 163.96% over the last ten years, which is an average annual home appreciation rate of 10.19%, putting Columbia Falls in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Columbia Falls 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, Columbia Falls appreciation rates have trailed the rest of the nation. In the last twelve months, Columbia Falls's appreciation rate has been 0.45%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Columbia Falls were at 2.05%, which equates to an annual appreciation rate of 8.44%.
Relative to Montana, our data show that Columbia Falls's latest annual appreciation rate is lower than 70% of the other cities and towns in Montana.
$467,513
for Montana
for nation
2,064
$1,125 / per month