Sidney, MT Real Estate Market

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 2022. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Sidney, MT Housing Market Trends

With 6,346 people, 2,504 houses or apartments, and a median cost of homes of $287,640, 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 57.59% of the city's housing units. Other types of housing that are prevalent in Sidney include large apartment complexes or high rise apartments ( 18.79%), mobile homes or trailers ( 13.95%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.53%).

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 61.06% owning and 38.94% 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 2000 and later ( 24.69%). A lesser amount of the housing stock also hails from between 1940-1969 ( 17.98%). There's also some housing in Sidney built before 1939 ( 11.13%).

Vacant housing appears to be an issue in Sidney. Fully 18.75% 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

Appreciation rates for homes in Sidney have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 61.11%, which ranks in the top 50% nationwide. This equates to an annual average Sidney house appreciation rate of 4.88%.

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 13.19%, 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 3.88%, which equates to an annual appreciation rate of 16.43%.

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:
$287,640

Sidney, MT HOME PRICES

> $1,244,000
$933,001 - $1,244,000
$623,001 - $933,000
$497,001 - $623,000
$373,001 - $497,000
$249,001 - $373,000
$124,001 - $249,000
$62,001 - $124,000
$0 - $62,000
1.1%
1.1%
1.6%
1.6%
0.3%
0.3%
6.2%
6.2%
21.2%
21.2%
34.7%
34.7%
18.6%
18.6%
7.2%
7.2%
9.0%
9.0%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Average for MT

Value Relative To Nation

Number Of Homes And Apartments:
2,504

Sidney Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MT*
Compared To
America*
Latest Quarter:
2021 Q4 - 2022 Q1
Last 12 Months:
2021 Q1 - 2022 Q1
Last 2 Years:
2020 Q1 - 2022 Q1
Last 5 Years:
2017 Q1 - 2022 Q1
Last 10 Years:
2012 Q1 - 2022 Q1
Since 2000:
2000 Q1 - 2022 Q1
304.20% 6.48%
10
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,276 / per month

Homeownership Rate

Owners
Renters
Vacant
61.1%
61.1%
38.9%
38.9%
18.8%
18.8%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
24.7%
24.7%
46.2%
46.2%
18.0%
18.0%
11.1%
11.1%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
57.6%
57.6%
2.1%
2.1%
7.5%
7.5%
18.8%
18.8%
14.0%
14.0%
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
5.8%
5.8%
9.6%
9.6%
26.3%
26.3%
30.6%
30.6%
19.5%
19.5%
8.2%
8.2%
0.0% 100.0%
% OF HOMES

Popular Communities Near Sidney, MT

Zip Codes in Sidney, MT