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 about Scout's Real Estate Data
With a population of 6,167, 2,516 total housing units (homes and apartments), and a median house value of $346,972, 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 56.70% of the city's housing units. Other types of housing that are prevalent in Sidney include large apartment complexes or high rise apartments ( 20.41%), mobile homes or trailers ( 13.12%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 9.04%).
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 61.58% owning and 38.42% 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 ( 28.01%). A lesser amount of the housing stock also hails from between 1940-1969 ( 20.50%). There's also some housing in Sidney built before 1939 ( 10.80%).
Vacant housing appears to be an issue in Sidney. Fully 21.00% 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.
Some of the lowest real estate appreciation rates in America over the last ten years have been in Sidney, where house values have increased just 35.90%, which is annualized rate of 3.12%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
NeighborhoodScout's data show that during the latest twelve months, Sidney's appreciation rate, at 5.31%, has been at or slightly above the national average. In the latest quarter, Sidney's appreciation rate has been 2.05%, which annualizes to a rate of 8.44%.
Relative to Montana, our data show that Sidney's latest annual appreciation rate is higher than 80% of the other cities and towns in Montana.
$346,972
for Montana
for nation
2,516
$1,331 / per month