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 76,955 people, 32,944 houses or apartments, and a median cost of homes of $561,179, Missoula house prices are not only among the most expensive in Montana, Missoula 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 Missoula, accounting for 49.43% of the city's housing units. Other types of housing that are prevalent in Missoula include large apartment complexes or high rise apartments ( 26.34%), duplexes, homes converted to apartments or other small apartment buildings ( 13.25%), and a few row houses and other attached homes ( 6.01%).
People in Missoula primarily live in small (one, two or no bedroom) single-family detached homes. Missoula has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Missoula 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 Missoula built between 2000 and later ( 30.46%). A lesser amount of the housing stock also hails from between 1940-1969 ( 23.26%). There's also some housing in Missoula built before 1939 ( 13.33%).
In the last 10 years, Missoula has experienced some of the highest home appreciation rates of any community in the nation. Missoula real estate appreciated 134.93% over the last ten years, which is an average annual home appreciation rate of 8.92%, putting Missoula in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Missoula definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
NeighborhoodScout's data show that during the latest twelve months, Missoula's appreciation rate, at 7.22%, has been at or slightly above the national average. In the latest quarter, Missoula's appreciation rate has been -0.87%, which annualizes to a rate of -3.45%.
Notably, Missoula's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Montana, our data show that Missoula's latest annual appreciation rate is higher than 90% 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 Missoula differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Missoula - 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 Missoula real estate investment or home purchase decisions.
$561,179
for Montana
for nation
32,944
$1,574 / per month