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 Q2 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Sidney Housing Market Information

With 6,328 people, 2,614 houses or apartments, and a median cost of homes of $242,671, 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.

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 84.42% over the last ten years, which is an average annual home appreciation rate of 6.31%, 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 0.51%, 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 -1.32%, which equates to an annual appreciation rate of -5.16%.

Notably, Sidney's appreciation rate in the latest quarter is one of the lowest in America.

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:
$242,671

Sidney, MT HOME PRICES

Value Range
> $1,041,000 0.5
$781,001 - $1,041,000 0.0
$520,001 - $781,000 2.8
$416,001 - $520,000 8.2
$312,001 - $416,000 9.8
$208,001 - $312,000 37.0
$104,001 - $208,000 24.3
$52,001 - $104,000 10.3
$0 - $52,000 7.1

High for MT
High for Nation

Value Relative to Nation Value Relative to State
28.3737226277372 35.15625

Number Of Homes And Apartments:
2,614

Sidney Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MT*
Compared To
America*
Latest Quarter:
2019 Q1 - 2019 Q2
Last 12 Months:
2018 Q2 - 2019 Q2
Last 2 Years:
2017 Q2 - 2019 Q2
Last 5 Years:
2014 Q2 - 2019 Q2
Last 10 Years:
2009 Q2 - 2019 Q2
Since 2000:
2000 Q1 - 2019 Q2
269.11% 6.93%
10
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,131 / per month

Homeownership Rate

Homeownership
Owners 54.82
Renters 45.18
Vacant 11.54

Housing Market Details

 

Age of Homes

AGE OF Sidney HOMES
2000 or Newer 16.0
1970 - 1999 42.0
1940 - 1969 26.7
1939 or Older 15.3

Types of Homes

TYPE OF Sidney HOMES
Single-Family 59.6
Townhomes 2.8
Small Apt. Buildings 8.2
Apt. Complexes 14.7
Mobile Homes 14.4
Other 0.3

Home Size

SIZE OF Sidney HOMES
No Bedroom 4.91
1 Bedroom 9.85
2 Bedrooms 29.48
3 Bedrooms 32.45
4 Bedrooms 15.70
5 or more bedrooms 7.61

Popular Neighborhoods in Sidney

Popular Communities Near Sidney, MT

Zip Codes in Sidney, MT