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Real Estate Prices & Overview

Malmstrom Air Force Base median real estate price is $298,198, which is less expensive than 68.3% of Montana neighborhoods and 57.9% of all U.S. neighborhoods.

The average rental price in Malmstrom Air Force Base is currently $1,692, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 81.1% 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

Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Great Falls, the Malmstrom Air Force Base neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

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 government often provides some of the more stable jobs in the economy. From local, to state, to federal government workers, the government can also be a major employer. What NeighborhoodScout's analysis revealed, is that the Malmstrom Air Force Base neighborhood in particular stands out when compared nationally for the proportion of its working residents who are employed by the government. At 19.1% of its workforce, this neighborhood has a greater concentration of government workers than 98.8% of U.S. neighborhoods.

In addition, there are more people living in the Malmstrom Air Force Base neighborhood employed as sales and service workers (61.8%) than almost any neighborhood in the country. From fast-food service workers to major sales accounts, sales and service workers make up the largest proportion of our national employment picture. But despite that size and importance nationally, this neighborhood still stands out as unique due to the dominance of people living here who work in such occupations.

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, 98.0% of the real estate in the Malmstrom Air Force Base neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America.

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

In the Malmstrom Air Force Base neighborhood, carpooling is still a popular way to get to and from work. NeighborhoodScout's analysis reveals that 31.9% of commuters carpool here, which is more than in 99.2% of all U.S. neighborhoods.

Length of Commute

Regardless of the means by which residents commute, this neighborhood has a length of commute that is notable. 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

There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a 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

Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.

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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