Real Estate Investing in Bighorn, Montana (59038)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 59038 (Bighorn, MT)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 27.9% of homes vacant — above national norms.
• 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 Bighorn, MT (59038)?
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Market Analysis: 59038 Bighorn
The 59038 ZIP covers a section of Bighorn that demands careful diligence. Prices near $222K look accessible, but the work to make a deal cash flow is real.
The 59038 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
On balance, 59038 offers a low basis, the region around Bighorn has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Employment concentration in 59038 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Distressed ZIPs reward experience. sturdy returns are possible in 59038, 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 Bighorn:
Market Trends
Home Value History (with trend line)
📊 How Does 59038 Compare?
| Metric | 59038 | Bighorn | Montana |
|---|---|---|---|
| Home Value | $222,264 | $111,132 | $457,278 |
| 5-Year CAGR | 6.6% | 6.6% | 9.2% |
| Avg Rent | $1,404 | $1,404 | - |
| Cap Rate | 4.9% | 4.9% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 59038 (Bighorn, MT). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $222,264 |
| Monthly Rent | $1,404 |
| Price-to-Rent | 13.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.6% |
| Cap Rate | 4.9% |
| 5-Year IRR | 11.6% |
📈 Home Appreciation
| 1-Year | +23.2% ▲ |
| 3-Year CAGR | +6.8% ▲ |
| 5-Year CAGR | +6.6% ▲ |
| 10-Year CAGR | +8.1% ▲ |
🏠 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 (4.9%). 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 59038
Population: 683
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 59038
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
Do landlords face vacancy issues in Bighorn, MT?
Expect elevated vacancy in Bighorn, MT. Rents at $1,404/mo are absorbed by the tenant base without meaningful lag.
What is the smart move for investors in Bighorn, MT?
In Bighorn, MT the robust play is typically careful cash-flow rentals with hands-on management. The combination of $222K prices and $1,404/mo rents suits that approach.
What is the average monthly rent in Bighorn, MT?
Rent in Bighorn, MT is around $1,404/mo. The resulting rent-to-value relationship with $222K pricing is reasonable for most investor models.
Are renters plentiful in Bighorn, MT?
Working renters make up the core of the Bighorn, MT tenant base. The pool is reasonable for investors targeting long-term holds.
Does Bighorn, MT make sense for an investment property?
The 3.0/5 investability rating in Bighorn, MT reflects its $222K prices and $1,404/mo rents. Investors generally consider it a solid option within MT.
You know 59038 now. You don’t know where it ranks.
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