Real Estate Investing in Cooke City, Montana (59020)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 59020 (Cooke City, MT)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 65.5% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 30.1 — hard to cash-flow at these prices.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Cooke City, MT (59020)?
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Market Analysis: 59020 Cooke City
Investors eyeing 59020 need to respect the fundamentals at play. Home values of $620K come alongside slower price movement and elevated management overhead.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 59020 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
ZIP 59020's metrics run below Park County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
A sturdy renter share of 44% in 59020 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Distressed ZIPs reward experience. resilient returns are possible in 59020, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Cooke City:
Market Trends
Home Value History (with trend line)
📊 How Does 59020 Compare?
| Metric | 59020 | Cooke City | Montana |
|---|---|---|---|
| Home Value | $619,861 | $619,861 | $457,278 |
| 5-Year CAGR | 3.3% | 3.3% | 9.2% |
| Avg Rent | $1,719 | $1,719 | - |
| Cap Rate | 2.2% | 2.2% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 59020 (Cooke City, MT). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $619,861 |
| Monthly Rent | $1,719 |
| Price-to-Rent | 30.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.3% |
| Cap Rate | 2.2% |
| 5-Year IRR | 5.4% |
📈 Home Appreciation
| 1-Year | -1.5% ▼ |
| 3-Year CAGR | +3.8% ▲ |
| 5-Year CAGR | +3.3% ▲ |
| 10-Year CAGR | +6.1% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.2%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 59020
Population: 97
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 59020
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
Frequently Asked Questions
Which investment style suits Cooke City, MT?
Most investors in Cooke City, MT run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
Is rental property easy to operate in Cooke City, MT?
MT law landlord-friendly for landlords, and Cooke City inherits those rules. Investors should still review local ordinances for rental licensing.
Is Cooke City in MT worth investing in?
Cooke City, MT rates 3.0/5 for investability. With median values at $620K and rents near $1,719/mo, the market offers reasonable fundamentals for rental investors.
What kind of vacancy should I budget for in Cooke City, MT?
Rental vacancy in Cooke City, MT is elevated. Investors should budget normal turnover but not chronic empty units.
How viable is house hacking in Cooke City, MT?
Cooke City, MT offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $1,719/mo rent level.
You know 59020 now. You don’t know where it ranks.
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