Dillon, MT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Dillon, 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

Dillon Housing Market Information

With a population of 4,210, 1,710 total housing units (homes and apartments), and a median house value of $144,423, Dillon real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Dillon, accounting for 63.19% of the city's housing units. Other types of housing that are prevalent in Dillon include duplexes, homes converted to apartments or other small apartment buildings ( 13.74%), mobile homes or trailers ( 13.52%), and a few large apartment complexes or high rise apartments ( 8.47%).

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

There is a lot of housing in Dillon 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 Dillon built between 1940-1969 ( 26.71%). A lesser amount of the housing stock also hails from before 1939 ( 20.25%). There's also some housing in Dillon built between 2000 and later ( 10.04%).

Dillon Home Appreciation Rates

In the last 10 years, Dillon has experienced some of the highest home appreciation rates of any community in the nation. Dillon real estate appreciated 21.57% over the last ten years, which is an average annual home appreciation rate of 1.97%, putting Dillon in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Dillon definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Dillon that despite a nationwide downturn in the housing market, Dillon real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Dillon appreciation rates continue to be some of the highest in America, at 7.80%, which is higher than appreciation rates in 85.72% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Dillon. Dillon appreciation rates in the latest quarter were at 2.06%, which equates to an annual appreciation rate of 8.49%.

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

Relative to Montana, our data show that Dillon's latest annual appreciation rate is higher than 60% of the other cities and towns in Montana.

Average Home Values

 

Median Home Value:
$144,423

Dillon, MT HOME PRICES

Value Range
> $1,177,000 0.0
$882,001 - $1,177,000 0.9
$588,001 - $882,000 3.6
$471,001 - $588,000 0.4
$353,001 - $471,000 3.8
$235,001 - $353,000 10.4
$118,001 - $235,000 39.0
$59,001 - $118,000 22.9
$0 - $59,000 19.0

Low for MT
Average for Nation

Value Relative to Nation Value Relative to State
52.5313488808157 70.3125

Number Of Homes And Apartments:
1,710

Dillon 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
70.47% 3.14% 2 8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$838 / per month

Homeownership Rate

Homeownership
Owners 43.59
Renters 56.41
Vacant 7.17

Housing Market Details

 

Age of Homes

AGE OF Dillon HOMES
2000 or Newer 10.0
1970 - 1999 43.0
1940 - 1969 26.7
1939 or Older 20.2

Types of Homes

TYPE OF Dillon HOMES
Single-Family 63.2
Townhomes 1.1
Small Apt. Buildings 13.7
Apt. Complexes 8.5
Mobile Homes 13.5
Other 0.0

Home Size

SIZE OF Dillon HOMES
No Bedroom 2.88
1 Bedroom 13.84
2 Bedrooms 33.98
3 Bedrooms 27.36
4 Bedrooms 12.05
5 or more bedrooms 9.88

Popular Neighborhoods in Dillon

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Zip Codes in Dillon, MT