Best Neighborhoods To Invest In Helena, MT

Helena is the capital of Montana and it shines in the real estate world. It mixes old-time charm with modern perks. The city, home to 32,655 people, sprawls over an area with 1,939 people per square mile. It’s divided into six unique neighborhoods¹. The best places to invest in include the West, North, Southeast, and Central areas. Each has a special charm, attracting real estate investors to Helena.

The West neighborhood earns top marks for quality of life. It has classic houses at the foot of Mount Helena¹. Meanwhile, the North is bustling with life, offering lots of amenities and chances to get involved with the community. The Southeast, Central, and Euclid Avenue North areas are great for buying investment properties. They offer beautiful views, local spots, and easy access². Helena is a hot spot for those looking to invest in real estate.

Helena also draws people in with its affordable fun activities and various attractions. It’s the perfect place for those seeking old homes, modern features, or places good for families. With everything it offers, Helena stands as the best choice for investing and growing.

Key Takeaways

• Helena, MT has a population of 32,655 and a density of 1,939 people per square mile¹.
• The West neighborhood boasts the highest Livability Score¹.
• The North neighborhood is the most populous¹.
• Southeast, Central, and Euclid Avenue North are top picks for investment properties².
• Low-cost recreational activities and abundant local attractions enhance Helena’s appeal².

Southeast Neighborhood Overview

The Southeast neighborhood in Helena, MT, is very popular. People who already own homes and those looking to buy love it here. It’s beautiful and well-located, offering many amenities and good investment potential.

Why Southeast is a Top Pick

Southeast Helena MT is chosen by many for its mix of ease and lifestyle perks. Homes here have a median price of $449,433. This price is higher than over half of Montana’s and the U.S.’s neighborhoods³. The average rent is $1,514, making it pricier than many other areas in Montana³.

The vacancy rate here is only 4.0%, lower than most places³. It’s also considered one of the best areas for an executive lifestyle in Montana, better than 95% of neighborhoods³.

Property Market Trends in Southeast

The property market in Southeast Helena MT has grown a lot. It has seen a 97.72% increase in home values over the last decade. Each year, homes appreciate by an average of 7.05%⁴. Despite a recent dip, the growth shows the area’s investment value. Most homes here are single-family or small apartment buildings, making the area diverse and community-focused⁴.

Local Amenities and Attractions

Southeast Helena is filled with things to do. There’s the Blackfoot River Brewing Company and the Montana State Capitol. You can also enjoy skiing or hiking in Helena National Forest. Plus, most people here can get to work in under 15 minutes, a big plus for 97.6% of U.S. neighborhoods³. The area’s job scene is robust too, offering many opportunities in executive and professional roles. This ensures a strong economy and growth³.

For more about Southeast neighborhood, check this link.

Central Neighborhood Insights

Central Helena mixes city perks with country charm. This makes it great for all kinds of people. Its unique vibe comes from places like the Turman Larison Gallery.

Living in Central Helena

Central Helena has both city and suburban benefits. You’ll find top-notch public schools and easy travel. For instance, the Central School has a decent score and transport options like Highway 15 are close by.

Real Estate Market Analysis

In Central Helena, the homes are diverse and desirable. Options range from mobile homes to big single-family houses. Prices vary from $39,500 to $774,900⁵.

The median home value here is $331,700, above the U.S. average. For house hunting, there are places like Keller Williams Big Sky Brokers.

Amenities and Lifestyle

Life in Central Helena is about great amenities and a friendly community. People look for homes with great features. And, there’s a lot to do, from nightlife to outdoor adventures.

This neighborhood offers a perfect city living experience in Helena. If you want to know more about life here, check out what people are saying here⁵.

Euclid Avenue North: Investment Appeal

Looking for an investment spot in downtown Helena? Euclid Avenue North is a top pick. It’s known for being affordable, culturally rich, and easy to get around. This makes it a great choice for both investors and people wanting to live there.

Affordability and Cost of Living

Euclid Avenue North is more affordable than other areas, which attracts buyers and investors. Helena has great scores for living costs, education, and housing. It gets an A+ for living costs and an A- in both education and housing⁶. Also, the job scene is strong, with a low unemployment rate of 2.35%⁷. Homes here have a median price of $263,300, making investments promising⁷.

Proximity to Downtown and Transportation

Living in Euclid Avenue North means you can easily walk to downtown Helena. This is great because it puts you close to many job options, necessary services, and fun places. People in Helena travel just 13 minutes on average to work, which is less than many Americans⁷.

Also, there’s good public transport and highway access. This connects residents to even more opportunities in the region.

Entertainment and Cultural Opportunities

The Helena cultural scene shines around Euclid Avenue North. The area hosts many cultural sights and recreational spots. Take the beautiful St. Helena Cathedral and the Great Northern Carousel, for example. These places make the neighborhood lively and fun⁶.

Just a short 10-minute walk to downtown, Euclid Avenue North offers more than homes. It offers a lifestyle full of opportunities for fun and culture. Learn more about what makes Helena a great place to live by clicking here.

North Neighborhood: Potential and Growth

The North Neighborhood of Helena is becoming a hot spot for real estate and population growth. It is the largest neighborhood by population in the area, showing great promise for living and investing.

Population and Density

Looking closely at population density and who lives there is important for investors in North Helena. Many people, especially those aged 35 to 54, call it home. This age group makes up 24.4% of the residents⁸. Such a mix is perfect for investors wanting reliable, long-term rent income.

Real Estate and Rental Market

The real estate scene in North Helena is attractive. Homes for sale are priced well, drawing interest from new buyers and experienced investors. The rent prices are good too, promising a steady income for homeowners⁸. The ease of getting around, with a Walk Score of 95, makes running errands simple⁸.

These aspects show that putting money into North Helena could be very rewarding. The mix of old and new buildings attracts many potential tenants and buyers⁸. Plus, the solid home values in Helena make North Helena a smart pick for investing, whether short or long term⁸.

The Allure of Euclid Avenue South

Euclid Avenue South is a bright spot in Helena’s active property scene. It mixes neighborhood warmth with solid investment chances. Both people wanting homes and investors find great options here in attractive property opportunities Helena MT.

Community and Lifestyle

Euclid South boasts a tight-knit community. It’s perfect for those after a mix of city closeness and suburban peace. It’s near downtown Helena and the Montana State Capitol, offering easy access to services and fun⁹. There’s a big focus on keeping historic homes and giving tax breaks for fixing up registered properties⁹.

In areas like south central Helena, called out by This Old House as a top spot for old homes, about one-third of the homes are on the National Register⁹.

Investment Opportunities

Euclid Avenue South draws investors with its budget-friendly starting prices and high value growth potential. With a range of houses from simple bungalows to large Queen Annes, there’s something for every budget⁹. This area, coupled with Helena’s expanding market, shows great promise for investors.

Montana’s tax setup adds to the appeal. With low income and property tax rates and no general sales tax, it’s very appealing⁶. These perks make Euclid Avenue South a top spot for property seekers in Helena MT.

Those looking to fix up historic homes find extra benefits in Helena’s tax breaks. Working on National Register-listed homes boosts the area’s beauty and brings good investment returns⁹.

Learn more about the benefits of investing in this distinctive

Investing in the West Neighborhood

West Helena is a top spot for investing in real estate. It’s known for its great living conditions. It mixes lots of amenities with growing chances for real estate success.

Amenities and Conveniences

West Helena has it all – great parks, shopping centers, and schools. It’s easy to get to what you need and find fun things to do. Plus, it has excellent healthcare, making it more appealing.

Real Estate Trends

Real estate in West Helena is really growing. It’s seen a 3.6% population increase and 1% more jobs. Home values went up 8.5%, showing big potential for investors¹⁰. Homes sell for about $261k on average, while rent is around $1,300¹⁰. Homes get lots of interest here and sell fast, in about 9 days¹⁰.

Montana’s real estate market is also doing well, with home prices growing a bit each year¹¹. Places like Bozeman and near Yellowstone are great for vacation rentals. West Helena could be just as good¹¹.

So, putting your money into West Helena’s real estate could bring in strong profits. This is thanks to its real estate growth and the many things that make life good here.

Important Considerations for Investors

When looking into real estate investments in Helena, MT, it’s important to focus on key factors. These ensure you make a good financial choice. Knowing about Helena’s market trends and how they affect rent and property growth is crucial.

Market Trends

The real estate market in Helena is on the rise, with 2-bedroom homes median price at $289,900 showing strong investor returns¹². Montana’s property scene is also strong, evidenced by a 5.8% increase in median home prices yearly¹³. Plus, a 20.2% growth in the listing of homes shows more people want to buy¹³.

Rental Yields

Helena offers good rental earnings for investors. With the median house price at $289,900, Airbnb rentals can bring in $38,076 yearly. This is a 13.13% gross rental yield¹². Montana’s stable economy, with a 2.4% unemployment rate, also boosts rental income chances¹².

Long-term Growth

Montana’s real estate is backed by a strong economy. Its $2.8 billion agriculture sales and tourism drawing 12.5 million visitors yearly support property demand¹⁴. Helena gains from these aspects and Montana’s natural beauty, promising long-term growth and a reliable investment scene.is how an investment in Helena and Montana can be very promising for the future.

To make the most of real estate in Helena, stay updated on market trends and rental incomes. Opportunities for property value and rental income growth are supported by Montana’s bigger real estate trends.

Why Choose Helena for Real Estate Investment

Helena offers great advantages for real estate investors. It’s Montana’s capital with a strong economy and key location. Here are the reasons why Helena is a top choice for your investment needs.

Economic Factors

Helena has a stable economy, thanks to government jobs and healthcare. This steadiness leads to a growing economy. Investors find this appealing. The average home price is $424,293 in Helena¹⁵. Rentals average at $1,344 with few vacancies¹⁵.

Additionally, many locals are in high-paying jobs. This points to a wealthy tenant pool. Such economic strengths make Helena an attractive spot for investors¹⁵.

Tourism Impact

Montana’s tourism, featuring Yellowstone and Glacier National Parks, benefits Helena. It boosts the demand for vacation rentals. Mike Liedle, who started Most Wanted Real Estate, praises Helena’s market¹⁶.

Future Projections

Helena’s future looks bright with more people and jobs expected. This growth will increase property values. It creates a stable rental market. Helena sees steady property gains, making investments less risky¹⁷.

New jobs across diverse sectors make Helena’s economy robust. Investors find this security appealing. It makes Helena a solid investment choice¹⁷.

To conclude, Helena stands out for its economic stability, tourism appeal, and growth prospects. These factors promise good returns now and growth later. Making Helena an excellent choice for real estate investors.

Conclusion

Helena, MT, welcomes property buyers with many choices. You can find everything from busy neighborhoods to peaceful areas. Plus, it’s a place where your investment can grow. In the last five years, home prices here jumped 66%, with the average cost now at $462,000. That means big potential gains for investors¹⁸.

The area’s rental market is also booming. Rents in Lewis and Clark County have shot up by 36.5% since 2019¹⁸. This is great news for those looking into multifamily properties. Yet, there are challenges too. Costs for land and building materials have soared. But, the higher expenses point to a ripe opportunity for smart investors¹⁸. Despite the big prices, like Helena Area Habitat for Humanity’s $1,000 ad spend on housing issues, demand remains solid¹⁸.

So, to wrap up, Helena’s real estate is on the rise. Its solid economy, climbing home and rental prices, and steady demand paint a bright picture for investors. This city isn’t just a place to live, it’s a community with tons to offer. For a deeper dive into Montana’s real estate scene, check out this detailed review here¹⁸.

FAQ

What are the best neighborhoods to invest in Helena, MT?

Top spots for investment in Helena, MT, include Southeast Helena, Central Helena, Euclid Avenue North, and the West neighborhood. They each have special features, current market trends, and investment opportunities.

Why is the Southeast neighborhood a top pick for property investment?

Southeast Helena stands out for its open areas, fewer people, good job opportunities, and closeness to downtown. Highlights include the Blackfoot River Brewing Company and the Montana State Capitol.

What are the current property market trends in Southeast Helena?

The Southeast Helena property market is on the rise. It’s in demand thanks to awesome amenities, top schools, and a location that families and workers love.

What local amenities and attractions does Southeast Helena offer?

Southeast Helena is full of fun activities like skiing and hiking in the Helena National Forest. Plus, it has cultural spots like the Montana State Capitol and the Blackfoot River Brewing Company. Its easy access to downtown makes it even more attractive.

What is it like living in Central Helena?

Life in Central Helena mixes city and country vibes with lots of amenities, job options, and places like the Turman Larison Gallery.

How is the real estate market in Central Helena?

Central Helena’s property market is a bit pricier, thanks to its popularity. It’s driven by great amenities and a prime location.

What amenities and lifestyle can residents expect in Central Helena?

Residents get to enjoy a lively culture, unique stores like The Parrot Confectionary, and great transport links. It makes living there handy and colorful.

How affordable is living in Euclid Avenue North?

Euclid Avenue North stands out for being budget-friendly with higher-than-average living standards. It has lower living costs than the city average and better wages, making it an excellent place for investment.

What makes Euclid Avenue North’s location advantageous?

Its close distance to downtown, just a 10-minute walk, plus access to public transport and highways, makes Euclid Avenue North very appealing to both residents and investors.

What entertainment and cultural opportunities are available in Euclid Avenue North?

The area is home to the St. Helena Cathedral, golf courses, and the Great Northern Carousel. These add to its rich culture and charm.

What is the population and density of North Helena?

North Helena is Helena’s most populated area. It has great potential for growth with good median listing prices and a strong rental market.

What are the investment opportunities in North Helena?

The investment scene in North Helena is strong with attractive property prices and good rental incomes, making it promising for investors.

What kind of community and lifestyle does Euclid Avenue South offer?

Euclid Avenue South provides a peaceful community feel while being close to city amenities. This mix makes it ripe for investment.

What are the investment opportunities in Euclid Avenue South?

Even without specific data, the vitality of Helena’s market hints at strong investment potential in Euclid Avenue South.

What amenities and conveniences does the West neighborhood offer?

The West neighborhood scores high for livability, offering a great living environment, property appreciation potential, and handy local conveniences. This keeps the real estate market stable.

What are the real estate trends in the West neighborhood?

The West area is known for its potential in property value growth and a great living environment according to its high Livability Score. This makes it an attractive spot for investors.

What are important considerations for investors in Helena?

Investors should look at market trends, rental income potential, and growth prospects. Montana’s natural beauty and stable economy draw a wide range of people.

What kind of rental yields can investors expect in Helena?

Thanks to a growing job market, increasing home prices, and tourism, Helena offers high rental yields for investors.

What are the long-term growth prospects for Helena’s real estate market?

Helena has a bright future with its stunning nature, high quality of life, and economic steadiness. This promises a solid investment landscape.

What economic factors contribute to Helena’s real estate investment appeal?

The city’s economic stability from government jobs and healthcare boosts its real estate investment attractiveness.

How does tourism impact Helena’s real estate market?

Tourism, especially from big parks like Yellowstone and Glacier, ups the demand for vacation homes. This opens up good opportunities for real estate investors.

What future projections can investors expect for Helena?

Expect ongoing growth in population and jobs, alongside increasing home values. This puts Helena in a favorable light for those looking into long-term property investments.

Source Links

1. Helena Neighborhoods | Uncommon Ground Montana Real Estate – https://www.uncommongroundmt.com/neighborhoods.php
2. Moving to Helena (Billings, Missoula, Bozeman: best neighborhoods, rental, townhouse) – Montana (MT) – https://www.city-data.com/forum/montana/56724-moving-helena-billings-missoula-bozeman-best.html
3. SOUTHEAST – https://www.neighborhoodscout.com/mt/helena/southeast
4. Highest Appreciating Helena Neighborhoods (last 5 years) – https://www.neighborhoodscout.com/mt/helena/real-estate
5. Helena South Central Historic District, Helena, MT Real Estate & Homes for Sale | realtor.com® – https://www.realtor.com/realestateandhomes-search/Helena-South-Central-Historic-District_Helena_MT
6. 10 Best Places to Live in Montana in 2024 | HOMEiA – https://homeia.com/city-living-guide/best-places-to-live-in-montana/
7. Living In Helena, MT – https://www.areavibes.com/helena-mt/livability/
8. The Finest Homes For Sale In Helena, MT | West Montana Homes – https://www.westmthomes.com/community/helena/
9. This Old House recognizes south central Helena – https://helenair.com/news/local/this-old-house-recognizes-south-central-helena/article_0c446abc-2521-5a13-a276-346d5862708e.html
10. TurboTenant Report: The Best Places to Buy Rental Investment Property in Montana – https://www.turbotenant.com/blog/turbotenant-report-montana/
11. Best Places to Invest in Montana – Ark7 – https://ark7.com/blog/learn/cities/best-places-invest-montana/
12. Best Places to Airbnb in Montana: A Guide to Property Investment 2023 | Airbtics | Airbnb Analytics – https://airbtics.com/best-places-to-airbnb-in-montana/
13. Montana Housing Market: Prices, Trends, Forecast 2024 – https://www.noradarealestate.com/blog/montana-housing-market/
14. Things You Need to Know When Buying Land In Montana – https://www.landbrokermls.com/blog/how-to-buy-land-in-montana-things-you-need-to-know/
15. HELENA VALLEY WEST CENTRAL – https://www.neighborhoodscout.com/mt/helena/helena-valley-west-central
16. Mike Liedle – https://mostwantedrealestate.net/mike-liedle
17. Helena, MT – https://housecashin.com/investing-guides/investing-helena-mt/
18. Habitat for Humanity presses Gianforte on housing solutions – https://montanafreepress.org/2022/05/17/helena-habitat-pushes-gianforte-housing-solutions/