Lewistown, MT


Highest Appreciating Lewistown Neighborhoods Since 2000

Lewistown, 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

Lewistown Housing Market Information

With a population of 5,874, 2,681 total housing units (homes and apartments), and a median house value of $116,453, house prices in Lewistown are solidly below the national average.

Single-family detached homes are the single most common housing type in Lewistown, accounting for 74.22% of the city's housing units. Other types of housing that are prevalent in Lewistown include large apartment complexes or high rise apartments ( 12.79%), mobile homes or trailers ( 9.13%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.04%).

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

The housing in Lewistown was primarily built before 1939 ( 39.02%), making the housing stock in Lewistown some of the oldest overall in America, although there is a range of ages of homes in Lewistown. The next most important housing age is between 1940-1969 ( 31.99%), followed by between 1970-1999 ( 24.79%). There's also some housing in Lewistown built between 2000 and later ( 4.20%).

Vacant housing appears to be an issue in Lewistown. Fully 14.67% of the housing stock is classified as vacant. Left unchecked, vacant Lewistown homes and apartments can be a drag on the real estate market, holding Lewistown 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.

Lewistown Home Appreciation Rates

In the last 10 years, Lewistown has experienced some of the highest home appreciation rates of any community in the nation. Lewistown real estate appreciated 15.30% over the last ten years, which is an average annual home appreciation rate of 1.43%, putting Lewistown in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Lewistown 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 Lewistown that despite a nationwide downturn in the housing market, Lewistown real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Lewistown appreciation rates continue to be some of the highest in America, at 6.18%, which is higher than appreciation rates in 75.59% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Lewistown. Lewistown appreciation rates in the latest quarter were at 2.06%, which equates to an annual appreciation rate of 8.49%.

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

Average Home Values


Median Home Value:


Value Range
> $1,084,000 0.0
$814,001 - $1,084,000 0.0
$542,001 - $814,000 0.2
$434,001 - $542,000 0.8
$325,001 - $434,000 2.8
$217,001 - $325,000 16.5
$109,001 - $217,000 33.6
$54,001 - $109,000 28.9
$0 - $54,000 17.3

Very Low for MT
Low for Nation

Value Relative to Nation Value Relative to State
67.4118129614438 82.8125

Number Of Homes And Apartments:

Lewistown Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
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
64.86% 2.94% 2 8
* 10 is highest

Rent & Ownership


Average Market Rent:
$919 / per month

Homeownership Rate

Owners 60.99
Renters 39.01
Vacant 14.67

Housing Market Details


Age of Homes

AGE OF Lewistown HOMES
2000 or Newer 4.2
1970 - 1999 24.8
1940 - 1969 32.0
1939 or Older 39.0

Types of Homes

Single-Family 74.2
Townhomes 1.8
Small Apt. Buildings 2.0
Apt. Complexes 12.8
Mobile Homes 9.1
Other 0.0

Home Size

No Bedroom 4.07
1 Bedroom 16.61
2 Bedrooms 29.60
3 Bedrooms 31.86
4 Bedrooms 13.88
5 or more bedrooms 3.98

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