Real Estate Investing in Shepherd, Montana (59079)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 59079 (Shepherd, MT)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Shepherd, MT (59079)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 59079 Shepherd
ZIP 59079 inside Yellowstone County looks affordable on the surface — median value of $478K — but the discount exists for reasons that a careful buyer should understand before committing.
Distressed markets are won on execution, not on spreadsheets. ZIP 59079 sits at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Nearby ZIPs in Shepherd have seen price recovery that 59079 has not matched. Yellowstone County data supports the view that the spread is structural rather than temporary.
The 59079 ZIP's population of 3,893 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that sits at the need for careful underwriting.
The 59079 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Shepherd:
Property Strategy for 59079
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $372,451 | $1,980 | 3.8% | +7.1% | $186,226 |
| 3BR | $464,927 | $2,730 | 4.2% | +7.6% | $154,976 |
| 4BR | $526,755 | $3,100 | 4.2% | +7.8% | $131,689 |
Market Trends
Home Value History (with trend line)
📊 How Does 59079 Compare?
| Metric | 59079 | Shepherd | Billings, MT | Montana |
|---|---|---|---|---|
| Home Value | $477,787 | $477,787 | N/A | $457,278 |
| 5-Year CAGR | 5.9% | 5.9% | N/A | 9.2% |
| Avg Rent | $1,782 | $1,782 | N/A | - |
| Cap Rate | 2.9% | 2.9% | - | - |
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 59079 (Shepherd, MT). Anonymous, moderated, never written by AI.
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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 | $477,787 |
| Monthly Rent | $1,782 |
| Price-to-Rent | 22.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.5% |
| Cap Rate | 2.9% |
| 5-Year IRR | 8.8% |
📈 Home Appreciation
| 1-Year | +5.1% ▲ |
| 3-Year CAGR | +3.2% ▲ |
| 5-Year CAGR | +5.9% ▲ |
| 10-Year CAGR | +6.0% ▲ |
🏠 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 (2.9%). 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 59079
Population: 3,893
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 59079
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
Are rents high in Shepherd, MT?
Average rent in Shepherd, MT is approximately $1,782/mo per month. Against $478K home values that yields a reasonable rent-to-price ratio.
How qualified is the tenant pool in Shepherd, MT?
Shepherd, MT draws a stable base of working renters. Demand at the $1,782/mo rent level is reasonable for standard single-family and small multi rentals.
Should investors consider Shepherd, MT?
Shepherd, MT comes in at an investability rating of 3.0/5, with median home values near $478K and average rents around $1,782/mo. That combination puts it in the resilient tier for investor interest.
How quickly do rentals get leased in Shepherd, MT?
Vacancy in Shepherd, MT is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,782/mo.
Is house hacking profitable in Shepherd, MT?
For house hackers, Shepherd, MT is a challenging. The $1,782/mo rent on a unit helps defray the mortgage on a $478K property.
You know 59079 now. You don’t know where it ranks.
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How 59079 ranks in Billings, MT
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