Glendive, MT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Glendive, 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

Glendive Housing Market Information

With 5,490 people, 2,224 houses or apartments, and a median cost of homes of $167,651, Glendive 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 Glendive, accounting for 63.37% of the city's housing units. Other types of housing that are prevalent in Glendive include large apartment complexes or high rise apartments ( 15.45%), duplexes, homes converted to apartments or other small apartment buildings ( 14.55%), and a few mobile homes or trailers ( 5.09%).

The most prevalent building size and type in Glendive are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 52.96% owning and 47.04% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Glendive's housing was primarily built during this period, from the '40s through the '60s. A full 44.33% of the city's housing hails from this era. Other housing ages represented in Glendive include homes built before 1939 ( 26.91%) and housing constructed between 1970-1999 ( 26.66%). There's also some housing in Glendive built between 2000 and later ( 2.10%).

Glendive Home Appreciation Rates

In the last 10 years, Glendive has experienced some of the highest home appreciation rates of any community in the nation. Glendive real estate appreciated 48.44% over the last ten years, which is an average annual home appreciation rate of 4.03%, putting Glendive in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Glendive definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Glendive appreciation rates have trailed the rest of the nation. In the last twelve months, Glendive's appreciation rate has been -4.69%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Glendive were at 2.06%, which equates to an annual appreciation rate of 8.49%.

Importantly, this makes Glendive 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 Glendive's latest annual appreciation rate is lower than 90% of the other cities and towns in Montana.

Average Home Values

 

Median Home Value:
$167,651

Glendive, MT HOME PRICES

Value Range
> $1,066,000 0.0
$800,001 - $1,066,000 0.0
$533,001 - $800,000 1.3
$427,001 - $533,000 2.8
$320,001 - $427,000 3.6
$214,001 - $320,000 19.5
$107,001 - $214,000 51.9
$53,001 - $107,000 13.9
$0 - $53,000 7.0

Average for MT
Average for Nation

Value Relative to Nation Value Relative to State
42.5817414742763 57.03125

Number Of Homes And Apartments:
2,224

Glendive 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
144.48% 5.32% 10 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$721 / per month

Homeownership Rate

Homeownership
Owners 52.96
Renters 47.04
Vacant 4.84

Housing Market Details

 

Age of Homes

AGE OF Glendive HOMES
2000 or Newer 2.1
1970 - 1999 26.7
1940 - 1969 44.3
1939 or Older 26.9

Types of Homes

TYPE OF Glendive HOMES
Single-Family 63.4
Townhomes 1.5
Small Apt. Buildings 14.5
Apt. Complexes 15.4
Mobile Homes 5.1
Other 0.0

Home Size

SIZE OF Glendive HOMES
No Bedroom 6.08
1 Bedroom 15.88
2 Bedrooms 22.72
3 Bedrooms 32.56
4 Bedrooms 13.82
5 or more bedrooms 8.94

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