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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 6,246 people, 2,614 houses or apartments, and a median cost of homes of $250,728, 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 59.63% of the city's housing units. Other types of housing that are prevalent in Sidney include large apartment complexes or high rise apartments ( 14.69%), mobile homes or trailers ( 14.42%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 8.16%).
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 54.82% owning and 45.18% 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 ( 26.73%). A lesser amount of the housing stock also hails from between 2000 and later ( 15.97%). There's also some housing in Sidney built before 1939 ( 15.33%).
Vacant housing appears to be an issue in Sidney. Fully 11.54% of the housing stock is classified as vacant. Left unchecked, vacant Sidney homes and apartments can be a drag on the real estate market, holding Sidney 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.
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 93.39% over the last ten years, which is an average annual home appreciation rate of 6.82%, 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.
NeighborhoodScout's data show that during the latest twelve months, Sidney's appreciation rate, at 3.60%, has been at or slightly above the national average. In the latest quarter, Sidney's appreciation rate has been 2.47%, which annualizes to a rate of 10.26%.
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.
|$807,001 - $1,076,000||0.0|
|$538,001 - $807,000||2.8|
|$430,001 - $538,000||8.2|
|$322,001 - $430,000||9.8|
|$215,001 - $322,000||37.0|
|$108,001 - $215,000||24.3|
|$54,001 - $108,000||10.3|
|$0 - $54,000||7.1|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2019 Q2 - 2019 Q3
Last 12 Months:
2018 Q3 - 2019 Q3
Last 2 Years:
2017 Q3 - 2019 Q3
Last 5 Years:
2014 Q3 - 2019 Q3
Last 10 Years:
2009 Q3 - 2019 Q3
2000 Q1 - 2019 Q3
|* 10 is highest|
|AGE OF Sidney HOMES|
|2000 or Newer||16.0|
|1970 - 1999||42.0|
|1940 - 1969||26.7|
|1939 or Older||15.3|
|TYPE OF Sidney HOMES|
|Small Apt. Buildings||8.2|
|SIZE OF Sidney HOMES|
|5 or more bedrooms||7.61|