Real Estate Investing in Medicine Lake, Montana (59247)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 59247 (Medicine Lake, MT)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 22.8% of homes vacant — above national norms.
• 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 Medicine Lake, MT (59247)?
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Market Analysis: 59247 Medicine Lake
ZIP 59247 in Medicine Lake, MT carries a healthy set of headwinds. Home values near $131K and rents of $1,053/mo sit inside a market where underwriting has to be tight.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 59247 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
The gap between 59247 and stronger Medicine Lake ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Demographically, 59247 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Distressed ZIPs reward experience. sturdy returns are possible in 59247, 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 Medicine Lake:
Market Trends
Home Value History (with trend line)
📊 How Does 59247 Compare?
| Metric | 59247 | Medicine Lake | Montana |
|---|---|---|---|
| Home Value | $130,937 | $130,937 | $457,278 |
| 5-Year CAGR | 6.1% | 6.1% | 9.2% |
| Avg Rent | $1,053 | $1,053 | - |
| Cap Rate | 6.3% | 6.3% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 59247 (Medicine Lake, MT). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $130,937 |
| Monthly Rent | $1,053 |
| Price-to-Rent | 10.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 9.7% |
| Cap Rate | 6.3% |
| 5-Year IRR | 12.4% |
📈 Home Appreciation
| 1-Year | +14.4% ▲ |
| 3-Year CAGR | +3.5% ▲ |
| 5-Year CAGR | +6.1% ▲ |
| 10-Year CAGR | N/A |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) is close to the estimated cap rate (6.3%). Financing this market at current rates produces a cash-on-cash return near the cap rate. Appreciation and tax benefits may still support the investment.
⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 59247
Population: 313
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 59247
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
What are home prices like in Medicine Lake, MT?
Expect median prices around $131K in Medicine Lake, MT. The market has run at a 0.0% 5-year CAGR, so entry costs have been consistent.
Is Medicine Lake, MT a good market for buy-and-hold investors?
With a 3.0/5 investability score, Medicine Lake, MT ranks as a solid market for rental property investors. Median prices of $131K and rents of $1,053/mo drive the underlying numbers.
Is vacancy a concern in Medicine Lake, MT?
Medicine Lake, MT sees elevated vacancy, which is reasonable relative to the broader MT rental market.
What is the smart move for investors in Medicine Lake, MT?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Medicine Lake, MT. The numbers - $131K homes against $1,053/mo rents - support that play.
What is the typical renter like in Medicine Lake, MT?
Expect a solid tenant pool in Medicine Lake, MT. The rental market absorbs $1,053/mo rents without meaningful friction.
You know 59247 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 59247 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.
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