Real Estate Investing in Richey, Montana (59259)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 59259 (Richey, MT)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
Rare combination of both appreciation and cash flow. These markets don't last long — worth serious consideration.
- High vacancy: 31.9% 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 Richey, MT (59259)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 59259 Richey
This part of Dawson County is not an easy win. The 59259 ZIP clocks in at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Rent of $1,404/mo on a $189K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 59259 sits below the stated 0.0% once reality is priced in.
Within MT, ZIP 59259 trails on several market indicators that neighboring Dawson County submarkets outperform. The gap is real and significant enough to shape underwriting.
In practical terms, 324 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.
New investors are better served looking at Richey's stable or hybrid ZIPs before stepping into 59259. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Richey:
Market Trends
Home Value History (with trend line)
📊 How Does 59259 Compare?
| Metric | 59259 | Richey | Montana |
|---|---|---|---|
| Home Value | $189,382 | $189,382 | $457,278 |
| 5-Year CAGR | 10.0% | 10.0% | 9.2% |
| Avg Rent | $1,404 | $1,404 | - |
| Cap Rate | 5.8% | 5.8% | - |
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 59259 (Richey, MT). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 59259 (Richey, MT)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $189,382 |
| Monthly Rent | $1,404 |
| Price-to-Rent | 11.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 8.9% |
| Cap Rate | 5.8% |
| 5-Year IRR | 15.8% |
📈 Home Appreciation
| 1-Year | +18.2% ▲ |
| 3-Year CAGR | +11.9% ▲ |
| 5-Year CAGR | +10.0% ▲ |
| 10-Year CAGR | +8.1% ▲ |
🏠 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 (5.8%). 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 59259
Population: 324
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 59259
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 Richey, MT?
Median home price in Richey, MT is near $189K, with a 5-year CAGR of 0.0%. Prices have been predictable and supportive of buy-and-hold strategies.
Is vacancy a concern in Richey, MT?
Rental vacancy in Richey, MT is elevated. Investors should budget normal turnover but not chronic empty units.
What kind of tenants rent in Richey, MT?
Tenant quality in Richey, MT ranks as solid. Landlords generally report even-keeled occupancy at market rents of $1,404/mo.
How much is rent in Richey, MT?
Rents in Richey, MT run near $1,404/mo. Compared with median home prices of $189K that produces solid gross yields for typical rentals.
Is Richey, MT landlord-friendly?
MT law landlord-friendly for landlords, and Richey inherits those rules. Investors should still review local ordinances for rental licensing.
You know 59259 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 59259 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.
AI Market Advisor
Ask questions about investing in 59259 (Richey)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 59259 (Richey, MT).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.