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Real Estate Prices & Overview

Malmstrom Air Force Base median real estate price is $319,418, which is more expensive than 33.3% of the neighborhoods in Montana and 43.2% of the neighborhoods in the U.S.

The average rental price in Malmstrom Air Force Base is currently $1,651, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 71.9% of the neighborhoods in Montana.

Malmstrom Air Force Base is a rural neighborhood (based on population density) located in Great Falls, Montana.

Malmstrom Air Force Base real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) townhomes and single-family homes. Most of the residential real estate is renter occupied. Many of the residences in the Malmstrom Air Force Base neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.

Real estate vacancies in Malmstrom Air Force Base are 4.3%, which is lower than one will find in 71.7% of American neighborhoods. Demand for real estate in Malmstrom Air Force Base is above average for the U.S., and may signal some demand for either price increases or new construction of residential product for this neighborhood.

Notable & Unique Neighborhood Characteristics

When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways, according to NeighborhoodScout's exclusive exploration and analysis.

Occupations

With 23.1% of employed workers living in the Malmstrom Air Force Base neighborhood active in the military, this neighborhood has the distinction of having a higher proportion of people in the military than 99.7% of American neighborhoods. This is a major shaper of the neighborhood's culture and character.

Furthermore, the Malmstrom Air Force Base neighborhood has a greater proportion of government workers living in it than 98.8% of the neighborhoods in America, according to NeighborhoodScout's exclusive analysis. This is a unique feature of this neighborhood, and one that shapes its character.

In addition, from major sales accounts to fast-food workers, sales and service employees are often the backbone of the local economy. In the Malmstrom Air Force Base neighborhood, they truly stand out. NeighborhoodScout's exclusive analysis identifies this neighborhood as having a higher percentage of sales and service workers than 95.3% of all American neighborhoods.

Real Estate

Many people dream of living along a street lined with row houses or other attached homes. Such places do often have an abundance of charm. If you are one of these people, the Malmstrom Air Force Base neighborhood could be your paradise. With 63.4% of the homes and real estate here classified as rowhouses or other attached homes, this neighborhood brims with opportunity to find the right place for you. Only 0.6% of U.S. neighborhoods have more row houses than this neighborhood, making it one of the most interesting things about this special neighborhood.

In addition, renter-occupied real estate is dominant in the Malmstrom Air Force Base neighborhood. The percentage of rental real estate here, according to exclusive NeighborhoodScout analysis, is 98.0%, which is higher than 98.7% of the neighborhoods in America. If you were to buy and live in the property you bought here, you would be almost alone in doing so.

Furthermore, homes built from 2000 through today make up a higher proportion of the Malmstrom Air Force Base neighborhood's real estate landscape than 96.4% of the neighborhoods in America. When you are driving around this neighborhood, you'll notice right away that it is one of the newest built of any, with the smell of fresh paint, and the look of young landscaping nearly everywhere you look. In fact, 73.3% of the residential real estate here is classified as newer.

Modes of Transportation

Our research shows that more people carpool to work here in the Malmstrom Air Force Base (31.9%) than in 99.2% of the neighborhoods in America.

Length of Commute

Whether walking, biking, riding, or driving, the length of one's commute is an important factor for one's quality of life. The Malmstrom Air Force Base neighborhood stands out for its commute length, according to NeighborhoodScout's analysis. Residents of the Malmstrom Air Force Base neighborhood have the pleasure of having one of the shortest commutes to work of any neighborhood in America. 70.2% of the residents have a commute time from home to work (one way) of less than fifteen minutes. This is a higher proportion of residents enjoying a short trip to work than NeighborhoodScout found in 98.5% of U.S. neighborhoods. Less time commuting means more time for other things in life.

People

One of the really interesting characteristics about the Malmstrom Air Force Base neighborhood is that, according to NeighborhoodScout's exclusive research, it is an excellent choice in which to reside for college students. Due to its popularity among college students who already choose to live here, its walkability, and its above average safety from crime, the neighborhood is ideal for prospective or already-enrolled college students. Between semesters and during school breaks, you'll notice that the excitement here fluctuates with the college seasons. Despite the excitement however, parents of college-age children can rest easy knowing that this neighborhood has an above average safety rating. For each of these reasons, the neighborhood is rated among the top 2.5% of college-friendly places to live in the state of Montana.

Diversity

Did you know that the Malmstrom Air Force Base neighborhood has more Native American ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 1.9% of this neighborhood's residents have Native American ancestry.

Malmstrom Air Force Base is also pretty special linguistically. Significantly, 2.3% of its residents five years old and above primarily speak German/Yiddish at home. While this may seem like a small percentage, it is higher than 97.1% of the neighborhoods in America.

The Neighbors

How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.

The neighbors in the Malmstrom Air Force Base neighborhood in Great Falls are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 65.8% of U.S. neighborhoods. In addition, 6.0% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 61.5% of America's neighborhoods.

The old saying "you are what you eat" is true. But it is also true that you are what you do for a living. The types of occupations your neighbors have shape their character, and together as a group, their collective occupations shape the culture of a place.

In the Malmstrom Air Force Base neighborhood, 38.2% of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is the military, with 23.1% of the residents employed. Other residents here are employed in executive, management, and professional occupations (21.1%), and 20.3% in clerical, assistant, and tech support occupations.

Languages

The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the Malmstrom Air Force Base neighborhood is English, spoken by 89.6% of households. Other important languages spoken here include Spanish, Italian and German/Yiddish.

Ethnicity / Ancestry

Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.

In the Malmstrom Air Force Base neighborhood in Great Falls, MT, residents most commonly identify their ethnicity or ancestry as German (12.8%). There are also a number of people of Irish ancestry (6.6%), and residents who report Mexican roots (6.3%), and some of the residents are also of Puerto Rican ancestry (6.1%), along with some English ancestry residents (6.0%), among others.

Getting to Work

How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in Malmstrom Air Force Base neighborhood spend under 15 minutes commuting one-way to work (70.2% of working residents), one of the shortest commutes across America.

Here most residents (60.0%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (31.9%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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