Real Estate Investing in Glasgow, Montana (59230)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 59230 (Glasgow, MT)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 16.7% of homes vacant — above national norms.
- Declining values: -1.3% 5-year CAGR — values have moved lower.
- 1-year downturn: Values declined 18.8% in the last year.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Glasgow, MT (59230)?
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Market Analysis: 59230 Glasgow
This part of Valley County is not an easy win. The 59230 ZIP reports softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 59230 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
In the broader MT picture, 59230 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
A robust renter share of 26% in 59230 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
New investors are better served looking at Glasgow's stable or hybrid ZIPs before stepping into 59230. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Glasgow:
Property Strategy for 59230
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $105,634 | $910 | 6.2% | — | $105,634 |
| 2BR | $160,305 | $1,200 | 5.4% | +6.9% | $80,152 |
| 3BR | $206,270 | $1,570 | 5.5% | +11.0% | $68,757 |
| 4BR | $236,778 | $1,750 | 5.3% | +5.8% | $59,195 |
| 5BR | $253,078 | — | — | +5.5% | $50,616 |
Market Trends
Home Value History (with trend line)
📊 How Does 59230 Compare?
| Metric | 59230 | Glasgow | Montana |
|---|---|---|---|
| Home Value | $165,907 | $165,907 | $457,278 |
| 5-Year CAGR | N/A | N/A | 9.2% |
| Avg Rent | $1,080 | $1,080 | - |
| Cap Rate | 5.1% | 5.1% | - |
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 59230 (Glasgow, MT). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $165,907 |
| Monthly Rent | $1,080 |
| Price-to-Rent | 12.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.8% |
| Cap Rate | 5.1% |
| 5-Year IRR | 3.8% |
📈 Home Appreciation
| 1-Year | -18.8% ▼ |
| 3-Year CAGR | -5.1% ▼ |
| 5-Year CAGR | -1.3% ▼ |
| 10-Year CAGR | +3.1% ▲ |
🏠 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 (5.1%). 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 59230
Population: 4,515
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 59230
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 price range are homes in Glasgow, MT?
The median home value in Glasgow, MT is roughly $166K. That puts it reasonable relative to the MT statewide average.
Is Glasgow, MT landlord-friendly?
MT ranks as a landlord-friendly state for landlord-tenant law. Glasgow generally follows the statewide framework, so landlords face reasonable operating rules.
Which real estate strategy fits Glasgow, MT?
The best-fit strategy in Glasgow, MT is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
Is Glasgow, MT a smart market for rental property?
With a 3.0/5 investability score, Glasgow, MT ranks as a solid market for rental property investors. Median prices of $166K and rents of $1,080/mo drive the underlying numbers.
How viable is house hacking in Glasgow, MT?
The house hack math a challenging in Glasgow, MT. Owner-occupant buyers benefit from the $1,080/mo rents and $166K home values.
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