Sidney, MT
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Sidney, 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

Sidney Housing Market Information

With a population of 6,828, 2,501 total housing units (homes and apartments), and a median house value of $249,441, Sidney real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Sidney, accounting for 63.19% of the city's housing units. Other types of housing that are prevalent in Sidney include mobile homes or trailers ( 13.15%), duplexes, homes converted to apartments or other small apartment buildings ( 10.87%), and a few large apartment complexes or high rise apartments ( 10.72%).

The most prevalent building size and type in Sidney are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 57.60% owning and 42.40% renting.

There is a lot of housing in Sidney 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 Sidney built between 1940-1969 ( 29.60%). A lesser amount of the housing stock also hails from before 1939 ( 17.72%). There's also some housing in Sidney built between 2000 and later ( 12.07%).

Sidney Home Appreciation Rates

In the last 10 years, Sidney has experienced some of the highest home appreciation rates of any community in the nation. Sidney real estate appreciated 96.50% over the last ten years, which is an average annual home appreciation rate of 6.99%, putting Sidney in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Sidney 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, Sidney appreciation rates have trailed the rest of the nation. In the last twelve months, Sidney's appreciation rate has been 1.55%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Sidney were at 2.06%, which equates to an annual appreciation rate of 8.49%.

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

Average Home Values

 

Median Home Value:
$249,441

Sidney, MT HOME PRICES

Value Range
> $1,150,000 0.1
$862,001 - $1,150,000 0.0
$575,001 - $862,000 3.3
$460,001 - $575,000 7.1
$345,001 - $460,000 8.1
$230,001 - $345,000 32.1
$115,001 - $230,000 28.0
$58,001 - $115,000 13.0
$0 - $58,000 8.3

High for MT
High for Nation

Value Relative to Nation Value Relative to State
22.6122114145084 27.34375

Number Of Homes And Apartments:
2,501

Sidney 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
258.54% 7.68% 10 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,171 / per month

Homeownership Rate

Homeownership
Owners 57.60
Renters 42.40
Vacant 9.38

Housing Market Details

 

Age of Homes

AGE OF Sidney HOMES
2000 or Newer 12.1
1970 - 1999 40.6
1940 - 1969 29.6
1939 or Older 17.7

Types of Homes

TYPE OF Sidney HOMES
Single-Family 63.2
Townhomes 1.7
Small Apt. Buildings 10.9
Apt. Complexes 10.7
Mobile Homes 13.2
Other 0.4

Home Size

SIZE OF Sidney HOMES
No Bedroom 2.17
1 Bedroom 10.47
2 Bedrooms 31.30
3 Bedrooms 30.72
4 Bedrooms 16.63
5 or more bedrooms 8.70

Popular Neighborhoods in Sidney

Popular Communities Near Sidney, MT

Zip Codes in Sidney, MT