Real Estate Investing in Conrad, Montana

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

1 ZIP codes • Population: 3,753 • Pondera County

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Should you buy in Conrad, MT? Our answer, based on the numbers below.

🏠 For Homebuyers
MIXED
Grade C (65/100)

Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.

📈 For Investors
MIXED
3.0 / 5 (47/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
1 flag
  • High vacancy: 23.5% of homes vacant — above national norms.

What’s happening in Conrad, MT?

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3.0/ 5

Investability

Citywide average

4.0/ 5

Appreciation

9.1% 5yr CAGR

5.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $264,719
Avg Monthly Rent $1,170
ZIP Codes 1

Investing in Conrad Real Estate

This is a distressed-leaning corner of Montana: Conrad has 1 ZIPs and a sizable population, and the investment math only works for investors who truly understand the market.

clearly Conrad's aggregate rating of ★★★☆☆ reflects muted investor metrics across the board — weak rent growth, weak appreciation, and rising-vacancy pressure in multiple ZIPs.

Rents in Conrad at $1,170/mo have struggled to keep pace with cost increases, and vacancy has risen in pockets — a dynamic that compresses realized returns well below headline cap rates.

Population dynamics in Conrad haven't been supportive. a stretch for combined with thin income growth, the demographic backdrop complicates any purely financial underwriting.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Landlord Ground Truth

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Avg Home Value
$264,719
Avg Monthly Rent
$1,170
1% Rule
✗ Below
Landlord Friendly (MT)

ZIP Codes in Conrad, MT

Screen every ZIP in Conrad

Filter Conrad’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo).

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Frequently Asked Questions About Conrad, MT

How much does a house cost in Conrad, MT?

Homes in Conrad, MT typically sell near $265K. Prices have moved at a 0.0% 5-year CAGR, which measured long-term demand.

How do experienced investors play Conrad, MT?

Investors who focus on careful cash-flow rentals with hands-on management typically do well in Conrad, MT. The numbers - $265K homes against $1,170/mo rents - support that play.

What do rentals go for in Conrad, MT?

Rental rates in Conrad, MT average $1,170/mo. Tenant demand and $265K home values make the yield look reasonable by investor standards.

Does house hacking work in Conrad, MT?

House hacking works a challenging in Conrad, MT. Rents of $1,170/mo against $265K acquisition make the strategy solid for owner-occupants.

Is MT a landlord-friendly state?

The landlord environment in Conrad, MT is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.

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