Real Estate Investing in Worden, Montana (59088)
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Should you buy in 59088 (Worden, 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.
- Elevated poverty: 23.1% poverty rate — can affect rent collection.
- High price-to-rent: Price-to-rent ratio 27.7 — 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 Worden, MT (59088)?
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Market Analysis: 59088 Worden
ZIP 59088 inside Yellowstone County looks affordable on the surface — median value of $416K — but the discount exists for reasons that a careful buyer should understand before committing.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $416K asset, 59088 is the wrong submarket. If the plan prices in friction, the yield can still work.
On the rental side, 59088 offers a low basis, the region around Worden has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
On the rental side, 1,142 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Distressed ZIPs reward experience. robust returns are possible in 59088, 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 Worden:
Market Trends
Home Value History (with trend line)
📊 How Does 59088 Compare?
| Metric | 59088 | Worden | Billings, MT | Montana |
|---|---|---|---|---|
| Home Value | $415,937 | $415,937 | N/A | $457,278 |
| 5-Year CAGR | 3.4% | 3.4% | N/A | 9.2% |
| Avg Rent | $1,251 | $1,251 | N/A | - |
| Cap Rate | 2.4% | 2.4% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 59088 (Worden, 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 | $415,937 |
| Monthly Rent | $1,251 |
| Price-to-Rent | 27.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.6% |
| Cap Rate | 2.4% |
| 5-Year IRR | 5.8% |
📈 Home Appreciation
| 1-Year | +6.2% ▲ |
| 3-Year CAGR | +2.2% ▲ |
| 5-Year CAGR | +3.4% ▲ |
| 10-Year CAGR | +5.1% ▲ |
🏠 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 (2.4%). 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 59088
Population: 1,142
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 59088
Schools in This ZIP Code
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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
What are rental rates like in Worden, MT?
Rents in Worden, MT run near $1,251/mo. Compared with median home prices of $416K that produces solid gross yields for typical rentals.
How quickly do rentals get leased in Worden, MT?
Vacancy in Worden, MT is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,251/mo.
What kind of market is Worden, MT for investors?
Worden, MT scores 3.0/5 for investability. Home values sit at $416K and rents near $1,251/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
Is Worden, MT suited for a house hack?
House hacking works a challenging in Worden, MT. Rents of $1,251/mo against $416K acquisition make the strategy solid for owner-occupants.
What strategy should investors use in Worden, MT?
Most investors in Worden, MT run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
You know 59088 now. You don’t know where it ranks.
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How 59088 ranks in Billings, MT
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