Real Estate Investing in Nye, Montana (59061)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 59061 (Nye, MT)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 54.7% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 33.9 — 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 Nye, MT (59061)?
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Market Analysis: 59061 Nye
ZIP 59061 inside Stillwater County looks affordable on the surface — median value of $560K — but the discount exists for reasons that a careful buyer should understand before committing.
The 59061 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Nearby ZIPs in Nye have seen price recovery that 59061 has not matched. Stillwater County data supports the view that the spread is structural rather than temporary.
The demographic picture in 59061 includes headwinds that any investor should price in. Income distribution skews lower than Nye averages, and tenant stability requires active management.
tilts toward the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Nye:
Property Strategy for 59061
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $456,941 | $1,530 | 2.4% | +8.9% | $228,470 |
| 3BR | $592,881 | $2,120 | 2.6% | +9.9% | $197,627 |
Market Trends
Home Value History (with trend line)
📊 How Does 59061 Compare?
| Metric | 59061 | Nye | Billings, MT | Montana |
|---|---|---|---|---|
| Home Value | $560,179 | $560,179 | N/A | $457,278 |
| 5-Year CAGR | 7.1% | 7.1% | N/A | 9.2% |
| Avg Rent | $1,377 | $1,377 | N/A | - |
| Cap Rate | 1.9% | 1.9% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 59061 (Nye, MT). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $560,179 |
| Monthly Rent | $1,377 |
| Price-to-Rent | 33.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.0% |
| Cap Rate | 1.9% |
| 5-Year IRR | 9.1% |
📈 Home Appreciation
| 1-Year | +13.3% ▲ |
| 3-Year CAGR | +8.6% ▲ |
| 5-Year CAGR | +7.1% ▲ |
| 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 (1.9%). 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 59061
Population: 240
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 59061
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
Is Nye, MT a good place for real estate investing?
Yes - Nye, MT a 3.0/5 investability score. With $560K home prices against $1,377/mo monthly rent, the market delivers a reasonable entry point for new investors.
What is the typical vacancy rate in Nye, MT?
Occupancy in Nye, MT runs stable with elevated vacancy. Well-priced units at $1,377/mo lease on reasonable timelines.
How much is rent in Nye, MT?
Rents in Nye, MT run near $1,377/mo. Compared with median home prices of $560K that produces solid gross yields for typical rentals.
Are tenants stable in Nye, MT?
Working renters make up the core of the Nye, MT tenant base. The pool is reasonable for investors targeting long-term holds.
What approach is best for Nye, MT real estate?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Nye, MT. The numbers - $560K homes against $1,377/mo rents - support that play.
You know 59061 now. You don’t know where it ranks.
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How 59061 ranks in Billings, MT
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