Lewistown, MT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Lewistown, MT Real Estate Data


Lewistown Housing Market Information

With a population of 5,874, 2,880 total housing units (homes and apartments), and a median house value of $126,099, 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 72.18% of the city's housing units. Other types of housing that are prevalent in Lewistown include large apartment complexes or high rise apartments ( 13.94%), mobile homes or trailers ( 9.84%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.38%).

Dwellings in Lewistown tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 49.47% of the homes in Lewistown have two or fewer bedrooms.

The housing in Lewistown was primarily built before 1939 ( 33.43%), 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 ( 32.24%), followed by between 1970-1999 ( 29.89%). There's also some housing in Lewistown built between 2000 and later ( 4.45%).

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 18.52% over the last ten years, which is an average annual home appreciation rate of 1.71%, 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.

Over the last year, Lewistown appreciation rates have trailed the rest of the nation. In the last twelve months, Lewistown's appreciation rate has been 0.96%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Lewistown were at 2.00%, which equates to an annual appreciation rate of 8.24%.

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

Average Home Values

 

Median Home Value:
$126,099

Lewistown, MT HOME PRICES

Value Range
> $1,082,000 0.1
$812,001 - $1,082,000 0.0
$541,001 - $812,000 0.1
$434,001 - $541,000 0.9
$324,001 - $434,000 2.0
$216,001 - $324,000 15.5
$108,001 - $216,000 40.2
$54,001 - $108,000 26.8
$0 - $54,000 14.5

Low for MT
Low for Nation

Value Relative to Nation Value Relative to State
63.0789951396615 77.34375

Number Of Homes And Apartments:
2,880

Rent & Ownership

 

Average Market Rent:
$885 / per month

Homeownership Rate

Homeownership
Owners 65.69
Renters 34.31
Vacant 9.77

Housing Market Details

 

Age of Homes

AGE OF Lewistown HOMES
2000 or Newer 4.4
1970 - 1999 29.9
1940 - 1969 32.2
1939 or Older 33.4

Types of Homes

TYPE OF Lewistown HOMES
Single-Family 72.2
Townhomes 1.7
Small Apt. Buildings 2.4
Apt. Complexes 13.9
Mobile Homes 9.8
Other 0.0

Home Size

SIZE OF Lewistown HOMES
No Bedroom 2.04
1 Bedroom 18.64
2 Bedrooms 28.79
3 Bedrooms 30.80
4 Bedrooms 16.13
5 or more bedrooms 3.60

Lewistown Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MT*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
63.22% 2.92% 2 8
* 10 is highest

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