Gardiner, MT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Gardiner, 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

Gardiner Housing Market Information

With 879 people, 471 houses or apartments, and a median cost of homes of $383,418, Gardiner house prices are not only among the most expensive in Montana, Gardiner real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Gardiner, accounting for 63.59% of the town's housing units. Other types of housing that are prevalent in Gardiner include mobile homes or trailers ( 17.25%), duplexes, homes converted to apartments or other small apartment buildings ( 12.37%), and a few large apartment complexes or high rise apartments ( 6.27%).

Dwellings in Gardiner tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 58.89% of the homes in Gardiner have two or fewer bedrooms.

There is a lot of housing in Gardiner 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 Gardiner built between 1940-1969 ( 18.82%). A lesser amount of the housing stock also hails from before 1939 ( 17.42%). There's also some housing in Gardiner built between 2000 and later ( 9.06%).

Vacant housing appears to be an issue in Gardiner. Fully 17.94% of the housing stock is classified as vacant. Left unchecked, vacant Gardiner homes and apartments can be a drag on the real estate market, holding Gardiner 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.

Gardiner Home Appreciation Rates

In the last 10 years, Gardiner has experienced some of the highest home appreciation rates of any community in the nation. Gardiner real estate appreciated 15.37% over the last ten years, which is an average annual home appreciation rate of 1.44%, putting Gardiner in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Gardiner 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 Gardiner that despite a nationwide downturn in the housing market, Gardiner real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Gardiner appreciation rates continue to be some of the highest in America, at 6.13%, which is higher than appreciation rates in 75.14% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Gardiner. Gardiner appreciation rates in the latest quarter were at 2.06%, which equates to an annual appreciation rate of 8.49%.

Importantly, this makes Gardiner 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 Gardiner's latest annual appreciation rate is lower than 60% of the other cities and towns in Montana.

Average Home Values

 

Median Home Value:
$383,418

Gardiner, MT HOME PRICES

Value Range
> $1,161,000 4.2
$871,001 - $1,161,000 3.6
$581,001 - $871,000 16.8
$465,001 - $581,000 5.3
$349,001 - $465,000 15.3
$232,001 - $349,000 21.0
$117,001 - $232,000 15.1
$58,001 - $117,000 2.5
$0 - $58,000 16.2

Very High for MT
Very High for Nation

Value Relative to Nation Value Relative to State
10.2543068088597 3.125

Number Of Homes And Apartments:
471

Gardiner 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
93.67% 3.91% 6 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$796 / per month

Homeownership Rate

Homeownership
Owners 65.64
Renters 34.36
Vacant 17.94

Housing Market Details

 

Age of Homes

AGE OF Gardiner HOMES
2000 or Newer 9.1
1970 - 1999 54.7
1940 - 1969 18.8
1939 or Older 17.4

Types of Homes

TYPE OF Gardiner HOMES
Single-Family 63.6
Townhomes 0.0
Small Apt. Buildings 12.4
Apt. Complexes 6.3
Mobile Homes 17.2
Other 0.5

Home Size

SIZE OF Gardiner HOMES
No Bedroom 7.84
1 Bedroom 11.50
2 Bedrooms 39.55
3 Bedrooms 19.51
4 Bedrooms 21.08
5 or more bedrooms 0.52

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Zip Codes in Gardiner, MT