Real Estate Investing in Red Lodge, Montana (59068)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 59068 (Red Lodge, 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: 36.2% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 39.8 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Red Lodge, MT (59068)?
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Market Analysis: 59068 Red Lodge
Investors eyeing 59068 need to respect the fundamentals at play. Home values of $533K come alongside slower price movement and elevated management overhead.
The 59068 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
ZIP 59068's metrics run below Carbon County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Resident income in 59068 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategically, 59068 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Red Lodge:
Property Strategy for 59068
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $293,810 | $960 | 2.4% | +10.8% | $293,810 |
| 2BR | $397,056 | $1,240 | 2.2% | +11.4% | $198,528 |
| 3BR | $571,651 | $1,700 | 2.1% | +11.4% | $190,550 |
| 4BR | $699,123 | $1,920 | 2.0% | +11.6% | $174,781 |
| 5BR | $924,167 | — | — | +12.1% | $184,833 |
Market Trends
Home Value History (with trend line)
📊 How Does 59068 Compare?
| Metric | 59068 | Red Lodge | Billings, MT | Montana |
|---|---|---|---|---|
| Home Value | $532,809 | $532,809 | N/A | $457,278 |
| 5-Year CAGR | 8.0% | 8.0% | N/A | 9.2% |
| Avg Rent | $1,116 | $1,116 | N/A | - |
| Cap Rate | 1.6% | 1.6% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 59068 (Red Lodge, MT). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $532,809 |
| Monthly Rent | $1,116 |
| Price-to-Rent | 39.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.5% |
| Cap Rate | 1.6% |
| 5-Year IRR | 9.6% |
📈 Home Appreciation
| 1-Year | +7.6% ▲ |
| 3-Year CAGR | +6.0% ▲ |
| 5-Year CAGR | +8.0% ▲ |
| 10-Year CAGR | +8.8% ▲ |
🏠 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 (1.6%). 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 59068
Population: 3,513
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 59068
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 housing expensive in Red Lodge, MT?
Typical homes in Red Lodge, MT go for around $533K. The 5-year CAGR of 0.0% reliable price movement.
Are renters plentiful in Red Lodge, MT?
Expect a solid tenant pool in Red Lodge, MT. The rental market absorbs $1,116/mo rents without meaningful friction.
What strategy should investors use in Red Lodge, MT?
In Red Lodge, MT the durable play is typically careful cash-flow rentals with hands-on management. The combination of $533K prices and $1,116/mo rents suits that approach.
Can I house hack in Red Lodge, MT?
The house hack math a challenging in Red Lodge, MT. Owner-occupant buyers benefit from the $1,116/mo rents and $533K home values.
Are landlord laws favorable in Red Lodge, MT?
Red Lodge, MT falls under MT landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
You know 59068 now. You don’t know where it ranks.
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How 59068 ranks in Billings, MT
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