Livingston, MT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Livingston, 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

Livingston Housing Market Information

With 7,302 people, 3,215 houses or apartments, and a median cost of homes of $215,502, Livingston real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Livingston, accounting for 73.58% of the city's housing units. Other types of housing that are prevalent in Livingston include large apartment complexes or high rise apartments ( 10.71%), duplexes, homes converted to apartments or other small apartment buildings ( 8.46%), and a few mobile homes or trailers ( 3.99%).

Dwellings in Livingston tend to be quite small (one, two, or no bedrooms) and owner occupied. In fact, 53.10% of the homes in Livingston have two or fewer bedrooms.

The housing in Livingston was primarily built before 1939 ( 36.99%), making the housing stock in Livingston some of the oldest overall in America, although there is a range of ages of homes in Livingston. The next most important housing age is between 1940-1969 ( 29.84%), followed by between 1970-1999 ( 23.47%). There's also some housing in Livingston built between 2000 and later ( 9.69%).

Vacant housing appears to be an issue in Livingston. Fully 13.95% of the housing stock is classified as vacant. Left unchecked, vacant Livingston homes and apartments can be a drag on the real estate market, holding Livingston 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.

Livingston Home Appreciation Rates

Appreciation rates for homes in Livingston have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 0.25%, which ranks in the top 50% nationwide. This equates to an annual average Livingston house appreciation rate of 0.03%.

Appreciation rates are so strong in Livingston that despite a nationwide downturn in the housing market, Livingston real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Livingston appreciation rates continue to be some of the highest in America, at 6.65%, which is higher than appreciation rates in 78.97% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Livingston. Livingston appreciation rates in the latest quarter were at 2.06%, which equates to an annual appreciation rate of 8.49%.

Importantly, this makes Livingston 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 Livingston's latest annual appreciation rate is lower than 50% of the other cities and towns in Montana.

Average Home Values

 

Median Home Value:
$215,502

Livingston, MT HOME PRICES

Value Range
> $1,212,000 1.3
$909,001 - $1,212,000 0.7
$606,001 - $909,000 4.4
$485,001 - $606,000 2.8
$364,001 - $485,000 8.3
$243,001 - $364,000 22.9
$121,001 - $243,000 42.0
$61,001 - $121,000 10.2
$0 - $61,000 7.4

High for MT
High for Nation

Value Relative to Nation Value Relative to State
28.6300246103363 39.84375

Number Of Homes And Apartments:
3,215

Livingston 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
75.73% 3.32% 3 9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$808 / per month

Homeownership Rate

Homeownership
Owners 67.77
Renters 32.23
Vacant 13.95

Housing Market Details

 

Age of Homes

AGE OF Livingston HOMES
2000 or Newer 9.7
1970 - 1999 23.5
1940 - 1969 29.8
1939 or Older 37.0

Types of Homes

TYPE OF Livingston HOMES
Single-Family 73.6
Townhomes 3.3
Small Apt. Buildings 8.5
Apt. Complexes 10.7
Mobile Homes 4.0
Other 0.0

Home Size

SIZE OF Livingston HOMES
No Bedroom 0.88
1 Bedroom 15.02
2 Bedrooms 37.21
3 Bedrooms 31.72
4 Bedrooms 11.83
5 or more bedrooms 3.35

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Zip Codes in Livingston, MT