Sourdough, a neighborhood in Bozeman, Montana, has experienced significant changes in property values while maintaining high homeownership rates over the past decade. Known for its scenic landscapes and access to outdoor activities, Sourdough has seen average home prices more than double from 2013 to 2022, rising from $434,816 to $1,067,553. Despite this substantial increase, the homeownership rate has remained remarkably stable, hovering around 90% throughout this period.

The neighborhood's resilience to national economic factors, such as changes in federal interest rates, is noteworthy. From 2013 to 2016, when interest rates were extremely low (0.11% to 0.40%), homeownership rates in Sourdough remained steady at about 88%. As interest rates rose more significantly from 2017 (1%) to 2019 (2.16%), homeownership actually increased slightly to 91%. This trend suggests that local factors, such as the area's desirability or economic conditions, may have a stronger influence on homeownership in Sourdough than national interest rates.

Renter percentages in Sourdough have consistently been low, ranging from 8% to 13% between 2013 and 2022. Average rent prices have shown volatility but an overall upward trend, increasing from $971 in 2013 to $1,566 in 2022, a 61% increase. An interesting anomaly occurred in 2018 when average rent dropped to $939 despite the population reaching 2,982 that year, potentially due to local market factors.