Anaconda, MT—59711
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Anaconda, MT
Anaconda, MT lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $289,000 | 0.3% |
| Single Family | $289,000 | 0.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $194,000 | -1.5% |
2 Bed | $238,000 | -1.7% |
3 Bed | $323,000 | 1.3% |
4 Bed | $364,000 | 1.7% |
| 5 Bed | $499,000 | 2.3% |
% of Housing Stock
Rental Trends — Anaconda, MT
As of July '25, Rentcast reports the average rent in Anaconda, MT is $1,200, with a year-over-year rent change of 13.2%. Per bedroom, the median rent as of July '25 in Anaconda, MT is studios: $766, 1-bedrooms: $1,080, 2-bedrooms: $1,310, 3-bedrooms: $1,780, 4-bedrooms: $1,700. The most common rental property sizes in Anaconda, MT are 1-bedroom and 2-bedroom, accounting for 41.7% and 30.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,180 | $1,200 |
| Studio Rent | $625 | $766 |
| 1 Bed Rent | $900 | $1,080 |
| 2 Bed Rent | $1,200 | $1,310 |
| 3 Bed Rent | $1,600 | $1,780 |
| 4 Bed Rent | $1,700 | $1,700 |
% of Rental Stock
Property Listings — Anaconda, MT
As of Oct '25, Realtor.com reports that the median days on market for a home in Anaconda, MT is 82. This is a decrease of -1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $377,000 | -9.0% |
Listing Count | 59 | -17.0% |
| Listings as % of Homes | 0.5% | -17.0% |
Days on Market | 82 | -1.0% |
Demographics — Anaconda, MT
As of the latest ACS Survey released in 2023, Anaconda, MT has a population of 9,460, which has increased by 6.3% over the past 5 years. Anaconda, MT is a less popular place for families, as children make up 12.6% of the population. The area has a poorly educated workforce, with 22.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 9,460 | 6.3% |
% Under 18 | 12.6% | -21.3% |
% Seniors | 25.8% | 11.2% |
% WFH | 8.2% | 15.5% |
% w/ College Degree | 22.9% | 25.8% |
As of the latest ACS Survey released in 2023, Anaconda, MT is a predominantly white area, with 90.9% of the population identifying as white. The white population has shrunk by 0.5% in the last 5 years. The second most common race or ethnicity in Anaconda, MT is hispanic, making up 3.1% of the population. Foreign-born residents account for 0.7% of the population in Anaconda, MT, and this percentage has decreased by 74.1% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 90.9% | -0.5% |
% Black | 0.3% | -50.0% |
% Hispanic | 3.1% | 6.9% |
% Asian | 0.7% | -22.2% |
% Foreign Born | 0.7% | -74.1% |
Mortgage and Risk — Anaconda, MT
According to HUD data as of 2023, there were 158 mortgage originations in Anaconda, MT, of which 77.0% of loans were conventional mortgages. The average loan-to-value was 60.0%, with 16.0% above 90% LTV (elevated). This implies medium mortgage risk in Anaconda, MT. Investor activity is low, as 2.0% of loans were by investors. 20.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 158 |
% Conventional Loans | 77.0% |
% Government Loans | 23.0% |
% Investor Loans | 2.0% |
% Second Loans | 7.0% |
% Cash Out Refinance | 20.0% |
Loan Activity
Rentals and Section 8 — Anaconda, MT
Anaconda, MT lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 271 |
Total Units Section 8 | 101 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 79.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $30 | $900 | $930 |
| 2 Bedroom | -$160 | $1,200 | $1,040 |
| 3 Bedroom | -$150 | $1,600 | $1,450 |
| 4 Bedroom | $10 | $1,700 | $1,710 |
Affordability — Anaconda, MT
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.9 |
| Median Home Price | $289,000 |
| Median Household Income | $51,000 |