Real Estate Investing in Ballantine, Montana (59006)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 59006 (Ballantine, 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 price-to-rent: Price-to-rent ratio 29.2 — hard to cash-flow at these prices.
- Lower household income: $38,472 median — tenant affordability is tighter.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Ballantine, MT (59006)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 59006 Ballantine
ZIP 59006 in Ballantine, MT carries a sturdy set of headwinds. Home values near $391K and rents of $1,116/mo sit inside a market where underwriting has to be tight.
The investment case in 59006 is notable only for operators who understand what they are buying. A $391K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
In the broader MT picture, 59006 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
The demographic picture in 59006 includes headwinds that any investor should price in. Income distribution skews lower than Ballantine averages, and tenant stability requires active management.
Strategy in 59006 is an operator game, not a passive one. Stepping back, entry prices of $391K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Ballantine:
Market Trends
Home Value History (with trend line)
📊 How Does 59006 Compare?
| Metric | 59006 | Ballantine | Billings, MT | Montana |
|---|---|---|---|---|
| Home Value | $391,069 | $391,069 | N/A | $457,278 |
| 5-Year CAGR | 5.0% | 5.0% | N/A | 9.2% |
| Avg Rent | $1,116 | $1,116 | N/A | - |
| Cap Rate | 2.2% | 2.2% | - | - |
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 59006 (Ballantine, MT). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 59006 (Ballantine, MT)?
~25 seconds · no account needed · your report is anonymous
Property managers serving Yellowstone County
Manage rentals here? List your business →Happy Homes Property Management offers patio home apartments in Billings, MT. summary from their website
Yellowstone Property Managers Association is an association for property managers. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $391,069 |
| Monthly Rent | $1,116 |
| Price-to-Rent | 29.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.4% |
| Cap Rate | 2.2% |
| 5-Year IRR | 7.2% |
📈 Home Appreciation
| 1-Year | +5.3% ▲ |
| 3-Year CAGR | +2.5% ▲ |
| 5-Year CAGR | +5.0% ▲ |
| 10-Year CAGR | +5.9% ▲ |
🏠 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 59006
Population: 1,218
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
Frequently Asked Questions
Do landlords face vacancy issues in Ballantine, MT?
Vacancy risk in Ballantine, MT is elevated. That supports reliable cash flow for typical rental holds.
How strong is tenant demand in Ballantine, MT?
Ballantine, MT offers a reliable renter base at the $1,116/mo rent level. Tenant turnover is reasonable for well-managed properties.
Is MT a landlord-friendly state?
Rental owners in Ballantine, MT deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
What are rental rates like in Ballantine, MT?
Investors in Ballantine, MT typically see rents near $1,116/mo per month against $391K home values - a solid setup for rental cash flow.
Does house hacking work in Ballantine, MT?
Ballantine, MT is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $391K price point reasonable to enter.
You know 59006 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 59006 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 59006 ranks in Billings, MT
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 59006 (Ballantine)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 59006 (Ballantine, MT).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.