Darby, MT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Darby, MT Real Estate Data

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Darby Housing Market Information

With 747 people, 270 houses or apartments, and a median cost of homes of $290,505, Darby real estate is some of the most expensive in Montana, although Darby home values aren't among America's most expensive.

Single-family detached homes are the single most common housing type in Darby, accounting for 53.28% of the town's housing units. Other types of housing that are prevalent in Darby include duplexes, homes converted to apartments or other small apartment buildings ( 21.94%), mobile homes or trailers ( 19.09%), and a few large apartment complexes or high rise apartments ( 4.56%).

People in Darby primarily live in small (one, two or no bedroom) single-family detached homes. Darby has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Darby 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 Darby built between 1940-1969 ( 25.64%). A lesser amount of the housing stock also hails from between 2000 and later ( 22.51%). There's also some housing in Darby built before 1939 ( 21.37%).

Vacant housing appears to be an issue in Darby. Fully 23.08% of the housing stock is classified as vacant. Left unchecked, vacant Darby homes and apartments can be a drag on the real estate market, holding Darby real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Darby Home Appreciation Rates

Darby's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Darby during the period has been just -1.13%, which is lower than 70% of US communities.

Appreciation rates are so strong in Darby that despite a nationwide downturn in the housing market, Darby real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Darby appreciation rates continue to be some of the highest in America, at 12.68%, which is higher than appreciation rates in 98.17% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Darby. Darby appreciation rates in the latest quarter were at 2.06%, which equates to an annual appreciation rate of 8.49%.

Importantly, this makes Darby one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to Montana, our data show that Darby's latest annual appreciation rate is higher than 90% of the other cities and towns in Montana.

Average Home Values

 

Median Home Value:
$290,505

Darby, MT HOME PRICES

Value Range
> $1,098,000 2.2
$824,001 - $1,098,000 4.3
$549,001 - $824,000 8.6
$439,001 - $549,000 5.0
$330,001 - $439,000 21.6
$220,001 - $330,000 13.3
$110,001 - $220,000 27.8
$55,001 - $110,000 13.4
$0 - $55,000 3.8

Very High for MT
Very High for Nation

Value Relative to Nation Value Relative to State
17.1803586077581 10.9375

Number Of Homes And Apartments:
270

Darby Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MT*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
43.68% 2.12% 1 5
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$837 / per month

Homeownership Rate

Homeownership
Owners 57.61
Renters 42.39
Vacant 23.08

Housing Market Details

 

Age of Homes

AGE OF Darby HOMES
2000 or Newer 22.5
1970 - 1999 30.5
1940 - 1969 25.6
1939 or Older 21.4

Types of Homes

TYPE OF Darby HOMES
Single-Family 53.3
Townhomes 0.9
Small Apt. Buildings 21.9
Apt. Complexes 4.6
Mobile Homes 19.1
Other 0.3

Home Size

SIZE OF Darby HOMES
No Bedroom 1.42
1 Bedroom 19.37
2 Bedrooms 47.01
3 Bedrooms 28.77
4 Bedrooms 2.85
5 or more bedrooms 0.57

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Zip Codes in Darby, MT